6132 Romaine Street
Los Angeles, CA 90038
0.45 acres | #SR25010832
Description
*Prime Development Opportunity in Central Hollywood*
This exceptional property spans three contiguous parcels, offering a total of 19,539 square feet in one of the most sought-after locations in Central Hollywood. Situated within a Transit Oriented Community (TOC) and a Transit Priority Area, this site provides unparalleled access to Los Angeles and surrounding communities, ensuring convenience and connectivity.
Zoned R3-1XL and currently advancing to R4 under the Hollywood Community Plan (adopted by City Council in May 2023 and nearing its final phase with the Planning and Land Use Management Commission), the property is primed for high-density development. Developers can maximize the potential for possibly 40+ units or more, leveraging TOC incentives and additional density bonuses under the Hollywood Community Plan.
The site’s design-friendly features, including an existing alleyway that aids in setbacks, enhance its appeal for multi-family housing projects. With its central location and significant development benefits, this property offers an unparalleled opportunity for investors and developers seeking maximum ROI in one of LA’s most vibrant markets.
Property Details
- Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
- Lot DescriptionFrontYard, NearPublicTransit, StreetLevel, ValueInLand
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$5,900,000
- MLS #SR25010832
- MLS #SR25010832
- Property TypePurchase
- Cost5900000
- Acres0.4486
- Utility SourcePublic
- Property SubtypeLand
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Simon Mills (#F207013035)
Listing Office: Mills Realty of California (#F4837001)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
