601 N Rossmore Ave - Apartments FOR SALE


Los Angeles, CA 90004- Hancock Park
$7,500,000 USD
310-968-5303
601 N Rossmore Ave, Los Angeles, CA for Sale
$7,500,000 USD
Apartments - FOR SALE
1/37
null | Request Cap Rate

601 N Rossmore Ave
Los Angeles, CA 90004
Hancock Park


HIGHLIGHTS

  • Part of a 5 building portfolio with a total of 210 units available separately or in conjunction with other properties
  • 40-unit apartment building built in 1927 totaling approximately 33,598 gross square feet
  • Prominent Rossmore Avenue location with strong architectural presence from the late-1920s era
  • Elevator-served building, master metered for electricity and gas
  • Recently reroofed with upgraded electrical system and new interior paint
  • Adjacent to Hancock Park and moments from Larchmont Village with convenient access to Los Angeles

OVERVIEW

Part of a 5 building portfolio with a total of 210 units available separately or in conjunction with other properties. Jonathan Taksa and Rob Renshaw are pleased to present 601 N Rossmore Ave, a 1927 built property that stands as a strong example of early Los Angeles apartment architecture from a period when Rossmore Avenue emerged as one of the city’s premier residential corridors. The building reflects the scale, detailing, and craftsmanship typical of late-1920s construction, with a prominent street presence and proportions that give it lasting architectural weight. Properties of this era were designed to convey permanence and quality, and that character remains evident today. The offering consists of 40 units totaling approximately 33,598 gross square feet. The building is elevator-served and is master metered for electricity and gas. The unit mix is primarily studios and one-bedroom apartments, well suited to the neighborhood’s renter base and consistent demand for centrally located housing. Recent capital improvements include a new roof and upgraded electrical system, and the interior has been freshly painted, providing a clean operational platform for the next owner. Importantly, multiple units will be delivered vacant at the close of escrow. This creates an immediate opportunity to renovate and reposition units upon acquisition, allowing a buyer to implement a valueadd strategy from day one rather than waiting for organic turnover. Combined with the recent system upgrades, the property offers both stability and near-term upside within a single asset. The location further reinforces the investment case. Positioned just south of Hancock Park and moments from Larchmont Village, the property benefits from one of Central Los Angeles’ most established residential environments. Residents enjoy walkable access to neighborhood retail, cafés, and services, along with convenient connectivity to Wilshire Boulevard, Paramount Studios, and major employment centers throughout Los Angeles. 601 N Rossmore Ave offers architectural character, operational scale, recent capital improvements, and clear value-add potential in a consistently desirable Los Angeles submarket — a well-located vintage asset with both durability and upside.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

40

PRICE/UNIT

$187,500

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,756 SF

ZONING

LAR4

APN/PARCEL ID

5523-007-010

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.