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5217 Romaine St
Los Angeles, CA 90029
The Serrano Assemblage · Land For Sale
·
0.28 AC
Investment Highlights
- Cleared, clean & assembled. Two parcels combined into one 12,317 SF pad, with demolition, abatement, and RSO/Ellis clearance complete
- Exceptional connectivity. Walk Score 92, adjacent to the US-101, and minutes from three Metro B Line stations.
- 40–60 units projected under CHIP. The Seller's architect projects 40–60 units via the MIIP / State Density Bonus FAR- governed pathway
- Supply-constrained submarket. Durable renter demand and a scarcity of cleared infill sites underpin values across East Hollywood / Silver Lake.
Executive Summary
A rare cleared and fully assembled development site in East Hollywood — where Hollywood, Los Feliz, Silver Lake, and Koreatown converge into one of the city's densest, most walkable, and most transit-rich rental districts. Under the prior TOC framework, density on this RD1.5 site was governed by a per-unit lot-area cap — roughly 12 units even with the RD bonus. The City's new Citywide Housing Incentive Program (CHIP) shifts the binding constraint from that unit cap to Floor Area Ratio (FAR) on qualifying transit-adjacent sites. On that basis, the Seller's architect projects a buildable program of 40–60 units, drawn from the site's FAR-governed floor-area envelope at typical unit sizes. *Buyer to verify.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Apartment Units |
| Property Type | Land | Total Lot Size | 0.28 AC |
| Zoning | RD 1.5XL - Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.28 AC |
| Zoning | RD 1.5XL - Residential |
1 Lot Available
Lot
| Price | $4,080,300 CAD | Lot Size | 0.28 AC |
| Price Per AC | $14,430,309.35 CAD |
| Price | $4,080,300 CAD |
| Price Per AC | $14,430,309.35 CAD |
| Lot Size | 0.28 AC |
Cleared, development-ready ±12,317 SF (±0.28 AC) corner assemblage at Serrano Ave & Romaine St, East Hollywood. Dual-frontage land zoned RD1.5-XL in a TOC Tier 3 area. Demolition & abatement complete.
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