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.
Property Details
Property Features
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Other
Directions Information:
Directions: South on Rossmore Ave from Melrose Ave
Price Information
Listing Price Info
Price Summary:
List Price: $1,890,000
Tax Information:
Annual Amount: $25,933
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $866.5K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24466135
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/22/2024, 1:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 14, 2018
Aug 14, 2018Home Sold
$2,100,000
Oct 28, 2016
Oct 28, 2016Home Sold
$1,575,000
Jul 16, 2009
Jul 16, 2009Home Sold
$840,000
Aug 17, 2005
Aug 17, 2005Home Sold
$1,150,000
Jun 25, 2003
Jun 25, 2003Home Sold
$799,000
May 26, 1989
May 26, 1989Home Sold
$455,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$25,933
$2,164,190
2020
$25,156
$2,142,000
2019
$19,606
$2,100,000
2018
$19,183
$1,606,500
2017
$19,183
$1,575,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$9,500
Per Month
Principal & Interest
$9,433
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,733
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Vine Street Elementary
955 Vine St
Distance between this listing and this school0.36 miles
Public District Grades KG-6
5
/10
Van Ness Avenue Elementary
501 N Van Ness Ave
Distance between this listing and this school0.64 miles
Public District Grades KG-5
3
/10
Hollywood Primary Center
1115 Tamarind Ave
Distance between this listing and this school0.73 miles
Public District Grades KG-3
Nearby Schools
4
/10
Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school0.65 miles
Public District Grades 6-8
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school0.99 miles
Public District Grades 6-8
6
/10
John Burroughs Middle School
600 S McCadden Pl
Distance between this listing and this school1.41 miles
Public District Grades 6-8
Nearby Schools
2
/10
Richard A. Alonzo Community Day
5755 Fountain Ave
Distance between this listing and this school1.07 miles
Public District Grades 7-12
2
/10
Helen Bernstein High School
1309 N Wilton Pl
Distance between this listing and this school1.17 miles
Public District Grades 9-12
7
/10
STEM Academy of Hollywood
1309 N Wilton Pl
Distance between this listing and this school1.17 miles
The neighbors living near this home have an average income of $58,846. Most Los Angeles, CA residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 643 N Rossmore Ave
What is the listing price of this property?
The listing price of 643 N Rossmore Ave property is $1,890,000.
What type of property is this?
The property 643 N Rossmore Ave is land located in Los Angeles, California, 90004.
Is this property for sale now?
Active Listing: 643 N Rossmore Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $25,933 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 14, 2018 for $2,100,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 643 N Rossmore Ave in Los Angeles, CA and zip code 90004 in the Central LA neighborhood. This home sits on a 0.15 acre lot. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $1,890,000.
In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Music Concerts
Music Concerts
Major League Soccer (MLS)
Art Museums
H&M
Banana Republic
Bloomingdales
Chipotle
Jack In The Box
Starbucks
Volkswagen
Toyota
Audi
Rhythmic Contemporary Hits
Jazz
News