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Residential Land for Sale in Los Angeles, California

6132 Romaine St, Los Angeles, CA 90038

$5,500,000
0.45 acres
Active
$400k drop
Est $40,794/mo

*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.

Location

Street address
6132 Romaine St
Elevation
299 feet
Coordinates
34.0887, -118.3256

Directions

South of Santa Monica Blvd, East of Vine St

Property details

Lot size
0.449 acres19,558 sq ft
Zoning
LAR4
MLS #
MRMLS SR25010832
Posted

Parcels

  • 5534026007

Details and features

Listing

Type
Land

Exterior

Fencing
Fenced
Features
Fence, Sidewalks Community Features Included

Listing history

DateEventPriceChangeSource
July 31, 2025Price drop$5,500,000$400,000 -6.8%MRMLS
Jan 23, 2025New listing$5,900,000MRMLS
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This 0.449-acre property is located at 6132 Romaine St in Los Angeles, CA 90038. The property is available for sale for $5,500,000.

Checked 23 mins ago — Updated

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