- For Sale $2,900,000
- Property Type VacantLand
- Property Size 3,798 SF
- Lot Size 0.28 Acre
- Year Built 1911
- Date Updated Jul 24, 2026
Description
A cleared, assembled two-parcel development pad in one of Los Angeles' most connected and supply-constrained infill submarkets.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.
The Seller has already absorbed the slow, capital-intensive early work: assembling two parcels into a single ±12,317 SF pad and completing demolition, abatement, and RSO/Ellis clearance. What remains is a clean canvas positioned to capture the substantial density now available under the City's new Citywide Housing Incentive Program (CHIP).
Priced on a per-door basis and surrounded by comparable land trades to $258/SF, the site offers a developer a defensible basis in a submarket where cleared, buildable infill is genuinely scarce.
Highlights
- 4060 units projected under CHIP. The Seller's architect projects 4060 units via the MIIP / State Density Bonus FAR-governed pathway well above the ±12 units under the prior TOC framework.*
- Attractive per-door basis. At $2.9M, the site prices to ± $48K$73K per projected door below recent entitled-land trades.*
- Cleared, clean & assembled. Two parcels combined into one ±12,317 SF pad, with demolition, abatement, and RSO/Ellis clearance complete the time-consuming site-prep work is done.
- Exceptional connectivity. Walk Score 92, adjacent to the US-101, and minutes from three Metro B Line stations.
- Supply-constrained submarket. Durable renter demand and a scarcity of cleared infill sites underpin values across East Hollywood / Silver Lake.
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Contacts
Jakob Friedman
NAI Capital
Location
Located at 1004 N Serrano Ave & 5217 W Romaine St, Los Angeles, CA 90029, this property is part of the East Hollywood neighborhood and Los Angeles market.
Contact Listing Broker
Jakob Friedman
NAI Capital
