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Hollywood Development Opportunity
For Sale
$5,500,000

6132 Romaine Street, Los Angeles, CA 90038

Prime land for high-density development in Central Hollywood.

Property SizeContact for details
Lot Size0.45 Acres
Days on Market624

Property Features for 6132 Romaine Street

General Information

Standard status Active
Lot size 0.45 Acres
Property subtype LAND
Listing Agency: Mills Realty of California
Listed By: Simon Mills · License #01309436
Source: Archetyperealty
Added: Jan 15, 2025 Changed: Sep 20 Last Checked: Sep 30 at 2:38PM

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 Mills Realty of California

Investment Insights

Based on property information with market context.

This property presents a development opportunity in Central Hollywood, comprising three contiguous parcels totaling 19,539 square feet. The site is located within a Transit Oriented Community (TOC) and a Transit Priority Area, providing access to Los Angeles and surrounding communities. Zoned R4, the property is suited for high-density development. Developers may be able to build 40+ units, utilizing TOC incentives and density bonuses under the Hollywood Community Plan. An existing alleyway aids in setbacks, enhancing its appeal for multi-family housing projects. This property is intended for investors and developers seeking ROI.

Key Highlights

  • Prime development opportunity in Central Hollywood with 19,539 sq ft across three parcels.
  • Located within a Transit Oriented Community (TOC) and Transit Priority Area, providing excellent access to Los Angeles.
  • Zoned R4, allowing for high‑density development with potential for 40+ units.

Property Analytics

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Current Use

Land

Suggested Use

Top Pick Nursing Home Butcher (Bike/Boat/Book/etc) Store Adult Day Care Clothing & Fashion Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,781
Businesses Nearby

Demographics for 90038, CA

27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Land - Prime land for high-density development in Central Hollywood.
Where is this land located?
The property is located at 6132 Romaine Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime development opportunity in Central Hollywood with 19,539 sq ft across three parcels.; Located within a Transit Oriented Community (TOC) and Transit Priority Area, providing excellent access to Los Angeles.; Zoned R4, allowing for high‑density development with potential for 40+ units.
More about this property
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