643 N Rossmore Ave Los Angeles, CA 90004
Hancock Park NeighborhoodEstimated payment $10,478/month
Total Views
2,327
0.15
Acre
$10,451,787
Price per Acre
6,459
Sq Ft Lot
About This Lot
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 3 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 Type
- Land
Est. Annual Taxes
- $22,602
Year Built
- 1923
Lot Details
- 6,459 Sq Ft Lot
- Property is zoned LAR4
Listing and Financial Details
- Assessor Parcel Number 5523-007-003
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $22,602 | $1,859,197 | $1,859,197 | -- |
| 2023 | $22,163 | $1,822,743 | $1,822,743 | $0 |
| 2022 | $21,130 | $1,787,003 | $1,787,003 | $0 |
| 2021 | $25,933 | $2,164,190 | $1,751,964 | $412,226 |
| 2019 | $25,156 | $2,100,000 | $1,700,000 | $400,000 |
| 2018 | $19,607 | $1,606,500 | $1,224,000 | $382,500 |
| 2016 | $11,180 | $915,941 | $654,245 | $261,696 |
| 2015 | $11,017 | $902,184 | $644,418 | $257,766 |
| 2014 | $11,059 | $884,512 | $631,795 | $252,717 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/18/2025 03/18/25 | Price Changed | $1,550,000 | -18.0% | -- |
| 03/17/2025 03/17/25 | For Sale | $1,890,000 | 0.0% | -- |
| 03/04/2025 03/04/25 | Off Market | $1,890,000 | -- | -- |
| 11/04/2024 11/04/24 | For Sale | $1,890,000 | 0.0% | -- |
| 06/15/2017 06/15/17 | Rented | $3,600 | 0.0% | -- |
| 05/31/2017 05/31/17 | Price Changed | $3,600 | -5.3% | $2 / Sq Ft |
| 05/01/2017 05/01/17 | For Rent | $3,800 | 0.0% | -- |
| 10/28/2016 10/28/16 | Sold | $1,575,000 | 0.0% | $517 / Sq Ft |
| 09/05/2016 09/05/16 | For Sale | $1,575,000 | -- | $517 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,100,000 | Usa National Title Inc | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | None Available | |
| Quit Claim Deed | -- | Chicago Title Co | |
| Grant Deed | $1,575,000 | Chicago Title Company | |
| Grant Deed | $840,000 | Landsafe Title | |
| Trustee Deed | $929,498 | Landsafe Title | |
| Grant Deed | $1,150,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | California Title Company | |
| Grant Deed | $799,000 | California Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,102,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,102,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $587,300 | Purchase Money Mortgage | |
| Previous Owner | $172,500 | Credit Line Revolving | |
| Previous Owner | $862,500 | Negative Amortization | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $499,000 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $270,000 | Unknown | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $55,000 | Credit Line Revolving |
Source: Public Records
Similar Properties in the area
Source: The MLS
MLS Number: 24-466135
APN: 5523-007-003
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
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