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6132 Romaine St
Los Angeles, CA 90038 Hollywood

$5,900,000 USD

Land For Sale  •  0.45 AC

Property Details

  • Property Type Land
  • Lot Size 0.45 AC
  • Zoning R4
70 Transit Score
80 Walk Score

Description

Rare Hollywood R4 Development Opportunity | 3 Contiguous Lots – 48 Units By-Right

Exceptional opportunity to acquire three contiguous parcels totaling approximately 0.45 acres (19,539 SF) in the heart of Hollywood. Located at 6132–6140 Romaine Street, the property is zoned R4 (High Density Residential), allowing for up to 48 units by-right, ideal for multifamily developers seeking scale in a supply constrained infill market.

The site features level topography, approximately 50 feet of frontage on Romaine Street, and full utility access including water, sewer, electricity, gas, and telecommunications. The assemblage consists of APNs 5534-026-007, 008, and 009.

Strategically positioned near major employment and entertainment hubs including Paramount Studios, Netflix Studios, Capitol Records, and the Department of Water and Power, the property benefits from strong rental demand drivers and long-term growth fundamentals. The location also offers convenient access to the Hollywood/Vine Metro Station (approximately a 20-minute walk) and is within close proximity to major freeways and regional transit.

With a highly walkable (80/100) and transit-friendly (70/100) location, this site is well-suited for a high-density residential development in one of Los Angeles’ most dynamic submarkets.

Highlights

Prime Hollywood Location with Strong Rental Demand Fundamentals
Transit-Oriented Urban Infill Fundamentals
High Density Residential Development

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $1,894,006 USD (2027)
Total Expenses: $333,308 USD

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 6.2 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 12 min - 6.2 mi
Transit/SubwayDriveWalkDistance
Hollywood/Vine Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 18 min - 9.7 mi
Los Angeles International 26 min - 13.7 mi
Long Beach (Daugherty Field) 40 min - 28.1 mi
Abe Lim 310-527-1927 Circa Properties
Abe Lim 310-527-1927 Circa Properties