Listed By:
Mills Realty of California, 818-763-4462, Simon Mills
Local Realty Services Provided By:
Keller Williams Realty Los Feliz
Overview
What It'll Cost
Neighborhood
Similar Homes
$5,900,000
6132 Romaine Street, Los Angeles, CA 90038
.45
ac
Log In to Reveal Price
$5,900,000
6132 Romaine Street, Los Angeles, CA 90038
Estimation provided by Keller Williams Realty Inc.
.45
ac
Active
For Sale
Property 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 R4, 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.
Assessed Value is a combination of the land and additions.
2023
$14,663
(+4.81%)
$1,182,152
Land 985,133 +
Additions 197,019
2022
$13,990
(+1.28%)
$1,136,249
Land 946,880 +
Additions 189,369
2021
$13,813
(+3.05%)
$1,136,249
Land 946,880 +
Additions 189,369
2019
$13,404
(+2,000,471.64%)
$1,124,599
Land 937,171 +
Additions 187,428
2017
$0.67
$1,080,931
Land 883,119 +
Additions 176,618
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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