601 N Rossmore Avenue
Los Angeles, CA, 90004 $ 7,500,000
Bedrooms19 Baths21.0 Sq 33,598 Monthly Estimate*
$ 46,179
Listed by REMAX COMMERCIAL & INVESTMENT REALTY
for $7,500,000 with 19 bedrooms and 21 full baths. This 33,598 square foot home was built in 1927 on a lot size of 0.2007.
***MAY BE PURCHASED INDIVIDUALLY OR IN COMBINATION WITH ANY OR ALL OF 100 N KENMORE, 508 S HOBART, 1311 INGRAHAM & 3333 4TH ST*** Built in 1927, 601 N Rossmore Ave 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, cafs, 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.
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FeaturesGeneralLiving Area 33598
Zoning LAR4
Year Built 1927
Levels Three Or More Multi/Split
Gross Income 720576
County Los Angeles
Net Operating Income 391756
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Rossmore Ave & Clinton St
City Los Angeles
Senior Community Y/N false
Number Of Units Total 40
MLS Area C18 - Hancock Park-Wilshire
Lot Size Units Square Feet
Lot Size Square Feet 8742
Standard Status Active
Cap Rate 5.22
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InteriorTotal Stories 5
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 19
Total Baths 40
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ExteriorParking Features None
Total Parking 0
Lot Size Area 8742
Number of Buildings 1
Building Area Total 33598
Lot Size Acres 0.2007
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* Excluded FeaturesList ByRemax Commercial & Investment RealtyBroker
rob@taksainvestment.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $46,179
- Monthly Property Taxes
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- Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,909,385
Percent of Sale Price 75%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
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Pricing History| Date | Price | Price Change | Description |
|---|
| 6/22/2026 | $7,500,000 | | Listed Price |