643 North Rossmore Avenue
643 North Rossmore Avenue
$2,500,000
6,459 / 0.15
Description
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 zonedR4-2 within a Tier 1 Transit Oriented Community (TOC), thisproperty stands out as an ideal site for multifamily development. Developers have the potential to construct 16 units by-right, withthe option to expand to 26 units by leveraging TOC incentives. Preliminary plans are already in place for a 25-unit, six-storyapartment complex totaling 18,641 square...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 zonedR4-2 within a Tier 1 Transit Oriented Community (TOC), thisproperty stands out as an ideal site for multifamily development. Developers have the potential to construct 16 units by-right, withthe option to expand to 26 units by leveraging TOC incentives. Preliminary plans are already in place for a 25-unit, six-storyapartment complex totaling 18,641 square feet. The proposedproject includes 23 one-bedroom units ranging from 513 to 590square feet and two three-bedroom units between 840 to 850square feet. Additionally, the plans provides for subterranean andground level parking with a total of 18 spaces. This property is not only situated in a prime location just south ofMelrose Ave, but it also boasts a high walk score of 93. It's a shortdistance from the Wilshire Country Club, Los Angeles Tennis Club,and the Marlborough School, and a varietyof retail amenities along N Larchmont Blvd. Paramount Studios isalso just half a mile away. The neighborhood's strong demographicsare highlighted by an average household income of $91,486 within a5-mile radius and a median home value of over $1 million within twomiles, 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, andLa Brea. This vacant lot presents a unique opportunity for developersseeking a project with significant density potential, in a sought-afterlocation, without the need for relocation.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 643 North Rossmore Avenue
Zoning
LAR4
Parcel Number5523007003
AreaHancock Park-Wilshire
Lot Size Area6459
Source Lot Size AreaOther
Assessor Parcel Number5523-007-003
DirectionsSouth of Melrose Ave in the Hancock Park & Larchmont Village neighborhood of Los Angeles
Location
LISTING UPDATED: 03/01/2024 10:37 AM
Property Details for 643 North Rossmore Avenue
Status | Active |
---|---|
MLS # | 24-361099 |
Days on Market | 84 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.15 AC |
County | Los Angeles County |
Location
Building Information for 643 North Rossmore Avenue
Lot Size0.15 AC
Payment Calculator
$15,491 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 643 North Rossmore Avenue
Property History for 643 North Rossmore Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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$1,822,743Additions-Total$1,822,743
Tax Record2023$22,163 ($1,847 / 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 |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
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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