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643 N Rossmore Ave, Los Angeles, CA 90004
$2,500,000
643 N Rossmore Ave, Los Angeles, CA 90004View this property at 643 N Rossmore Ave, Los Angeles, CA 90004
643 N Rossmore AveLos AngelesCA90004
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Property 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 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.
Full Property Details
Full Property Details for 643 N Rossmore Ave
General
- Price: $2,500,000
- Status: Active
- Type: Lots/Land
- MLS ID: 24-361099
- Updated: 3/1/2024
- Added to Site: 81 day(s) ago
Location
- Area: Hancock Park-Wilshire
- County: Los Angeles
- Driving Directions: South of Melrose Ave in the Hancock Park & Larchmont Village neighborhood of Los Angeles
Lot Features
- Lot Size (Acres): 0.1483
- Lot Size: 6459
- Lot Size Source: Other
- Zoning: LAR4
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5523-007-003
Listed by Marcus & Millichap, Neema Ahadian
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Schools
Schools serving 643 N Rossmore Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
201 S June St, Los Angeles, CA 90004 | K-5 | 1 mi | |
929 N Las Palmas Ave, Los Angeles, CA 90038 | 6-8 | 0.7 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 643 N Rossmore Ave
Date
Details
Price
Change
Source
2/06/2024
Listed
$2,500,000
19.05%
MLS
6/25/2018
Sold
$2,100,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 643 N Rossmore Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$22,163
5%
$1,822,743
2%
2022
$21,130
-19%
$1,787,003
-17%
2021
$25,933
-1%
$2,164,190
1%
2020
$26,203
4%
$2,142,000
2%
2019
$25,156
28%
$2,100,000
31%
2018
$19,607
2%
$1,606,500
2%
2017
$19,183
72%
$1,575,000
72%
2016
$11,180
1%
$915,941
2%
2015
$11,017
—
$902,184
2%
2014
$11,059
—
$884,512
—
2013
$11,053
—
$880,515
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 643 N Rossmore Ave
643 N Rossmore Ave, Los Angeles, CA 90004 (MLS# 24-361099) is a Lots/Land property with a lot size of 0.1483 acres. 643 N Rossmore Ave is currently listed for $2,500,000 and was received on February 06, 2024. Want to learn more about 643 N Rossmore Ave? Do you have questions about finding other Lots/Land real estate for sale in Hancock Park? You can browse all Hancock Park real estate or contact a Coldwell Banker agent to request more information.