Cleared Infill Development
For Sale
$2,900,000
1004 N Serrano Ave & 5217 W Romaine St, Los Angeles, CA 90029
Cleared and assembled development site comprising two combined parcels with demolition and RSO/Ellis clearance complete.
Property SizeContact for details
Lot Size0.28 Acres
Days on Market15
Property Features for 1004 N Serrano Ave & 5217 W Romaine St
General Information
Standard status
Active
Lot size
0.28 Acres
Property subtype
Land
Additional Details
Highway Access
Yes
Building Details
Year Built
1911
Listing Agency:
(818) 912-9865
Listed By:
Jakob Friedman · License #CalDRE #02163017
(818) 912-9865
Source:
Www2.naicapital
Added: Jul 26
Changed: Aug 8
Last Checked: Jul 26 at 3:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jakob Friedman
Investment Insights
Based on property information with market context.
This cleared, clean, and fully assembled development site is comprised of two parcels combined into one 12,317 SF pad, with demolition and RSO/Ellis clearance complete to reduce time-consuming site-prep work. The seller’s architect projects 40–60 units under the CHIP pathway, using an MIIP/State Density Bonus FAR-governed approach.
The site is in East Hollywood where Hollywood, Los Feliz, Silver Lake, and Koreatown converge, with exceptional regional connectivity. It is adjacent to US-101 and minutes from three Metro B Line stations, supported by a Walk Score of 92.
With the site preparation and entitlement-related clearance work already completed, the parcel is positioned as a supply-constrained infill option within the East Hollywood/Silver Lake rental market.
The site is in East Hollywood where Hollywood, Los Feliz, Silver Lake, and Koreatown converge, with exceptional regional connectivity. It is adjacent to US-101 and minutes from three Metro B Line stations, supported by a Walk Score of 92.
With the site preparation and entitlement-related clearance work already completed, the parcel is positioned as a supply-constrained infill option within the East Hollywood/Silver Lake rental market.
Key Highlights
- Cleared and assembled development site combining two parcels into a single 12,317 SF pad
- Demolition abatement and RSO/Ellis clearance are complete
- 40–60 units projected under CHIP (per seller’s architect using MIIP/State Density Bonus FAR pathway)
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,308
Businesses Nearby
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Cleared and assembled development site comprising two combined parcels with demolition and RSO/Ellis clearance complete.
Where is this residential land & home lot located?
The property is located at 1004 N Serrano Ave & 5217 W Romaine St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Cleared and assembled development site combining two parcels into a single 12,317 SF pad; Demolition abatement and RSO/Ellis clearance are complete; 40–60 units projected under CHIP (per seller’s architect using MIIP/State Density Bonus FAR pathway)
