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601 N Rossmore Ave
Los Angeles, CA 90004
Multifamily Property For Sale
·
40 Units


Investment Highlights
- Part of a 5 building portfolio with a total of 210 units available separately or in conjunction with other properties
- Prominent Rossmore Avenue location with strong architectural presence from the late-1920s era
- Recently reroofed with upgraded electrical system and new interior paint
- 40-unit apartment building built in 1927 totaling approximately 33,598 gross square feet
- Elevator-served building, master metered for electricity and gas
- Adjacent to Hancock Park and moments from Larchmont Village with convenient access to Los Angeles
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 10.4 | Building Size | 33,598 SF |
| No. Units | 40 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1927 |
| Apartment Style | Mid-Rise | ||
| Zoning | LAR4 | ||
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.4 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 33,598 SF |
| Average Occupancy | 83% |
| No. Stories | 5 |
| Year Built | 1927 |
| Zoning | LAR4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | 655 |
| Studios | 21 | - | 480 |
Property Taxes
| Parcel Number | 5523-007-010 | Improvements Assessment | $5,131,610 |
| Land Assessment | $817,996 | Total Assessment | $5,949,606 |
Property Taxes
Parcel Number
5523-007-010
Land Assessment
$817,996
Improvements Assessment
$5,131,610
Total Assessment
$5,949,606
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