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643 N Rossmore Ave, Los Angeles, CA 90004
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643 N Rossmore Ave Los Angeles, CA 90004

$2,500,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$2,500,000 Get Pre-Qualified
Map preview of 643 N Rossmore Ave, Los Angeles, CA 90004

Property Overview: 643 N Rossmore Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 6,459 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 | BRE #01346750 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: March 1st, 2024 | Source CRMLS | DOM: 74
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Home details

Lot Sq. Ft
6,459
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24361099
City
Los Angeles
County
Los Angeles
Time on Site
64 days

Open Houses for 643 N Rossmore Ave

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Property Details for 643 N Rossmore Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Other
Property Information
  • No View
  • View: None
  • Parcel Number: 5523007003
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Melrose Ave in the Hancock Park & Larchmont Village neighborhood of Los Angeles
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Local Los Angeles Agent

Sale History for 643 N Rossmore Ave

Last sold for $2,100,000 on August 14th, 2018

  • February, 2024

  • Feb 6, 2024

    Date

    Active

    CRMLS: 24361099

    $2,500,000

    Price

  • November, 2023

  • Nov 28, 2023

    Date

    Expired

    CRMLS: 23266413

    $2,750,000

    Price

  • Apr 27, 2023

    Date

    Active

    CRMLS: 23266413

    $3,250,000

    Price

  • Listing provided courtesy of CRMLS

    643 N Rossmore Ave, a vacant lot totaling 6,459 SF zoned R4-2 in a Tier 1 TOC located in a prime location just south of Melrose Ave in the Hancock Park & Larchmont Village neighborhood of Los Angeles. The property can be delivered shovel-ready for a five-story condo project with one level of ground parking and one level of subterranean parking. The plans consist of 10 two-bedroom and two and half bath condos between 1,300-1,404 SF each. All permit fees paid for the 10-unit project and construction can start immediately.Alternatively, there is multifamily development potential with the ability to build 16 units by-right and 26 units if the TOC incentives are utilized. Ownership also has preliminary plans available for a 25-unit multifamily project.An ideal location just down the street from Wilshire Country Club, Los Angeles Tennis Club and the Marlborough School. The property is walking distance to numerous retail amenities along N Larchmont Blvd, half a mile from Paramount Studios, and has a high walk score of 93. Additionally, it is located in a submarket with strong demographics with an average household income of $91,486 within a 5-mile radius of and median home value of over $1 MM within two miles. This is an opportunity in a central location with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea.

  • September, 2022

  • Sep 1, 2022

    Date

    Expired

    CRMLS: 22148535

    $3,995,000

    Price

  • Apr 20, 2022

    Date

    Active

    CRMLS: 22148535

    $3,995,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity to acquire this shovel ready (over $300K permits paid) land for 10 luxury condos just south of Melrose in prime Hancock Park. Projected sales of $15,320,000 and older condos down the street selling as high as $1,400+ per foot. A short stroll to Hancock Park's finest shops and eateries, the elegant floor plans include 2 units per level for maximum privacy and exclusivity. Stunning unobstructed city, landmark and mountain views including the luxurious penthouse level with high ceilings. Huge entertaining roof deck. Once completed this will be the only new condo project on the "Golden Stretch" of Rossmore. The Wilshire Country Club, LA Tennis Club and Providence steps away. Start building this dream project tomorrow.

  • April, 2022

  • Apr 6, 2022

    Date

    Expired

    CRMLS: 22134985

    $4,400,000

    Price

  • Mar 10, 2022

    Date

    Active

    CRMLS: 22134985

    $4,400,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity knocks - your chance to acquire shovel ready land for 10 luxury condos just south of Melrose in prime Hancock Park. A short stroll to Hancock Park's finest shops and eateries, the elegant floor plans range from 1,303-1404 sq ft per unit with only 2 units per level for maximum privacy and exclusivity. Stunning unobstructed city, landmark and mountain views including the luxurious penthouse level with high ceilings. Huge entertaining roof deck. Older condos down the street selling as high as $1,400+ per foot. Permits paid. Start building this dream project tomorrow.

  • August, 2018

  • Aug 14, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,100,000

    Price

  • March, 2017

  • Mar 28, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2016

  • Oct 31, 2016

    Date

    Sold

    CRMLS: 16157586

    $1,575,000

    Price

  • Sep 24, 2016

    Date

    Active Under Contract

    CRMLS: 16157586

    $1,575,000

    Price

  • Sep 7, 2016

    Date

    Price Change

    CRMLS: 16157586

    $1,575,000

    Price

  • Listing provided courtesy of CRMLS

    This beautiful old English Tudor duplex had been practically updated while keeping many original charms inside and out. Each townhome style residence boasts itself with over 1,500 sq ft of living spaces with hardwood floors throughout the house. In addition, both residences are filled with many beautiful characteristics such as lovely coved crown molding, French windows, arched doorways to separate RMs, and decorative fireplaces. RMs are large and private with plenty of storage and closet spaces. A great open floor plan yields side x side W/D and a full bathroom near the kitchen followed by a formal dining room and a gorgeous living room on the first floor. Upstairs are three beds and a full bathroom. There is detached two-car garage with separate bays for each residence and 2 additional ground parking spaces in the backyard. This duplex is hidden behind remote controlled driveway gate, situated a few blocks from Larchmont village and just across the street from Pavilion Market.

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Tax History for 643 N Rossmore Ave

Assessed Value (2020): $2,142,000
Year Land Value Improved Value Assessed Value
2020 $1,734,000 $408,000 $2,142,000

Home Value Compared to the Market

This property vs the competition

643 N Rossmore Ave is listed 104.08% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000.

About 643 N Rossmore Ave

Detailed summary of property

643 N Rossmore Ave is a land located in Los Angeles, CA 90004 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 6,459 square foot lot. 643 N Rossmore Ave was first listed on ArdentRealEstateGroup.com on February 28, 2024. The homeowner is currently asking $2,500,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 104.08% higher than the median priced home. Local competing homes currently for sale include 4545-4537 Santa Monica Blvd, 1637 S Vermont Ave and 958 S Grand View St. While the average home in Los Angeles, CA is selling in 96 days, 643 N Rossmore Ave has a days on market of 74 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 643 N Rossmore Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 643 N Rossmore Ave

Public county record property details
Beds
6
Baths
4
Year built
1923
Sq. Ft.
3,046
Lot Size
6,458
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5523-007-003

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
64
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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