Executive Summary

The Neema Group is pleased to present 643 N Rossmore Ave, a vacant lot totaling 6,459 SF zoned R4-2 in a Tier 1 TOC located in a prime location just south of Melrose Ave in the Hancock Park & Larchmont Village neighborhood of Los Angeles

Ideal multifamily development opportunity with the ability to build 16 units by-right and 26 units if the TOC incentives are utilized; increased density may be possible in the following scenarios: up to 32 units with three VLI units and three MI units or up to 30 units with five VLI units (buyer to verify)

Ownership has preliminary plans in place for a 25-unit, six story apartment project totaling 18,641 SF featuring a unit mix of 23 one-bedrooms (513 – 590 SF) and two three-bedrooms (840 – 850 SF) with subterranean and ground level parking totaling 18 spaces

Ideal location just down the street from Wilshire Country Club, Los Angeles Tennis Club and the Marlborough School; walking distance to numerous retail amenities along N Larchmont Blvd and half a mile from Paramount Studios; high walk score of 93

Located in a submarket with strong demographics; average household income of $91,486 within a 5-mile radius of the subject property and median home value of over $1 MM within two miles

Central location with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea

Unique opportunity to acquire a vacant lot with strong density potential and no relocation required