643 North Rossmore Avenue

Los Angeles, CA 90004

$1,890,000
Price
6,459 / 0.15
Lot Size / Acres
a view of a multi story building
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Description

We are excited to offer a unique investment opportunity with the presentation of 643 N Rossmore Ave, a prime vacant lot in the prestigious Hancock Park & Larchmont Village area of Los Angeles. Spanning 6,459 square feet and zoned R4-2 within a Tier 1 Transit Oriented Community (TOC), this property stands out as an ideal site for multifamily development. Developers have the potential to construct 16 units by-right, with the option to expand to 26 units by leveraging TOC incentives. Preliminary plans...We are excited to offer a unique investment opportunity with the presentation of 643 N Rossmore Ave, a prime vacant lot in the prestigious Hancock Park & Larchmont Village area of Los Angeles. Spanning 6,459 square feet and zoned R4-2 within a Tier 1 Transit Oriented Community (TOC), this property stands out as an ideal site for multifamily development. Developers have the potential to construct 16 units by-right, with the option to expand to 26 units by leveraging TOC incentives. Preliminary plans are already in place for a 25-unit, six-story apartment complex totaling 18,641 square feet. The proposed project includes 23 one-bedroom units ranging from 513 to 590 square feet and two three-bedroom units between 840 to 850 square feet. Additionally, the plans provides for subterranean and ground level parking with a total of 18 spaces. This property is not only situated in a prime location just south of Melrose Ave, but it also boasts a high walk score of 93. It's a short distance from the Wilshire Country Club, Los Angeles Tennis Club, and the Marlborough School, and within walking distance to a variety of retail amenities along N Larchmont Blvd. Paramount Studios is also just half a mile away. The neighborhood's strong demographics are highlighted by an average household income of $91,486 within a 5-mile radius and a median home value of over $1 million within two miles, making it an attractive area for residential development. The central location offers easy commutes throughout Los Angeles, including Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. This vacant lot presents a unique opportunity for developers seeking a project with significant density potential, in a sought-after location, without the need for relocation.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 643 North Rossmore Avenue

Zoning
LAR4
Parcel Number
5523007003
Area
Hancock Park-Wilshire
Lot Size Area
6459
Source Lot Size Area
Assessor
Assessor Parcel Number
5523-007-003
Directions
South on Rossmore Ave from Melrose Ave
LISTING UPDATED: 11/21/2024 02:53 PM

Property Details for 643 North Rossmore Avenue

StatusActive
MLS #24-466135
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.15 AC
CountyLos Angeles County

Building Information for 643 North Rossmore Avenue

Lot Size0.15 AC

Property Information for 643 North Rossmore Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.1483
  • Lot Size Square Feet: 6459
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 11-21-2024

Property History for 643 North Rossmore Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 643 North Rossmore Avenue

Taxable ValueLand$1,859,197Additions-Total$1,859,197
Tax Record2024$22,602 ($1,884 / month)
Home Facts
Total Finished SqFt3,046 SqFtAbove Grade Finished SqFt3,046 SqFtLot Size6,459 SqFtStyleDuplexYear Built1923ZoningLAR4CountyLOS ANGELESAPN5523-007-003

Schools near 643 North Rossmore Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Third Street Elementary School
Public - K to 5
Hubert Howe Bancroft Middle School
Public - 6 to 8
Fairfax Senior High School
Public - 9 to 12
Citizens of the World Charter School Hollywood
Charter - K to 5
Rating
School
Distance
Third Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Citizens of the World Charter School Hollywood
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 643 North Rossmore Avenue, Los Angeles, CA 90004

643 North Rossmore Avenue is a 0.15 ac of land for sale in Los Angeles, CA 90004. This property was listed for sale on November 4, 2024 by Marcus & Millichap, it's currently listed at $1,890,000. It has been on the market for a total of 23 days and was last sold on June 25, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Third Street Elementary School, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 643 North Rossmore Avenue is a 0-bed, 0-bath, 0.15 ac of land on a 6,459 sq. ft. / 0.15 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.