70-Unit Apartment Building with
New
For Sale
$25,000,000
569 N Rossmore Ave, Los Angeles, CA 90004
Residents have access to a fitness center, outdoor lounge, zen garden, and on-site laundry.
Property Size75,692 SF
Lot Size0.81 Acres
Price / SF$330.29
Days on Market2
Property Features for 569 N Rossmore Ave
General Information
Standard status
Active
Size
75,692 SF
Elevators
Yes
Lot size
0.81 Acres
Property subtype
Multifamily
Site & Location
Neighborhood
Hancock Park
Units
Unit Mix
13 x bachelor, 24 x studio, 18 x 1BR/1BA, 9 x 1BR/1.5BA, 6 x 2BR/2BA
Multifamily Units
70
Additional Details
Cap Rate
5.51%
Amenities
pool
fitness center
outdoor lounge
zen garden
on-site laundry
controlled access with surveillance systems
gated/subterranean parking
Historic Pedigree and Architectural Excellence, The Hermoyne was built in 1929 by H.B. Squires and designed by San Francisco architect Leonard L. Jones in the Colonial Revival style.
70 well-proportioned residences across five configurations 13 bachelors, 24 studios, 18 one-bedroom/one-bath units, 9 one-bedroom/one-and-a-half-bath units, and 6 two-bedroom/two-bath units.
Resort Style Amenities for Elevated Living: Newly upgraded heated pool with outdoor lounge and sundeck and an on-site fitness center.
Building Details
Building Size
75,692 SF
Year Built
1929
Stories
7
Units
70
Construction
Colonial Revival
Listing Agency:
Encino Office
Listed By:
Jeff Louks · License #License(s): CA: 00908473
(818) 212-2780
Source:
Marcusmillichap
Added: Nov 4
Last Checked: Nov 4 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Encino Office
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Investment Insights
Based on property information with market context.
The Hermoyne is a seven-story apartment property built in 1929, with 70 units and approximately 75,692 square feet. Its unit mix includes 13 bachelor units, 24 studios, 18 one-bedroom/one-bath units, 9 one-bedroom/one-and-a-half-bath units, and 6 two-bedroom/two-bath units. The property occupies a 0.81-acre corner parcel and features a heated pool, fitness center, outdoor lounge, zen garden, elevator, laundry facilities, controlled access, surveillance, and gated subterranean parking. Recent work includes pool upgrades and select apartment modernizations.
At 569 N. Rossmore Avenue in Los Angeles, the building is designed in the Colonial Revival style. Of the 70 apartments, 62 are subject to Los Angeles City RSO and 8 are luxury-exempt. The property has a stated cap rate of approximately 5.51%.
At 569 N. Rossmore Avenue in Los Angeles, the building is designed in the Colonial Revival style. Of the 70 apartments, 62 are subject to Los Angeles City RSO and 8 are luxury-exempt. The property has a stated cap rate of approximately 5.51%.
Key Highlights
- 70 apartments across approximately 75,692 square feet
- Unit mix: 13 bachelor units, 24 studios, 18 one‑bedroom/one‑bath, 9 one‑bedroom/one‑and‑a‑half‑bath, and 6 two‑bedroom/two‑bath
- Built in 1929; seven stories on a 0.81‑acre corner parcel
Property Analytics
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Lease Details
70
Residential units
Location Intelligence
Trade Area within ½ mile
2,164
Businesses Nearby
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Business Placement
Demographics for 90004, CA
58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to a fitness center, outdoor lounge, zen garden, and on-site laundry.
Where is this apartment building located?
The property is located at 569 N Rossmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: 70 apartments across approximately 75,692 square feet; Unit mix: 13 bachelor units, 24 studios, 18 one‑bedroom/one‑bath, 9 one‑bedroom/one‑and‑a‑half‑bath, and 6 two‑bedroom/two‑bath; Built in 1929; seven stories on a 0.81‑acre corner parcel
