NOT LISTED FOR SALE

531 N Rossmore Ave Unit 102 Los Angeles, CA 90004

Hancock Park Neighborhood

Estimated Value: $692,000 - $962,000

1 Bed
2 Baths
1,153 Sq Ft
0.45 Acres

Last Sold December 13, 2013

Last sale price $361,500 $314 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $4,678/month

Highlights

  • 0.45 Acre Lot
  • Midcentury Modern Architecture
  • Den
  • Third Street Elementary School Rated A
  • End Unit
  • Living Room

About This Home

As of October 2022

Distinctive style and modern comfort come together at the Majorca. Sophisticated remodeled 1 bedroom + den with 2 baths, located in a vibrant neighborhood. A contemporary design features an open entertainment kitchen with stainless steel appliances and modern lighting; bedroom includes ample wardrobe cabinets, and an en-suite bathroom; both bathrooms are thoughtfully appointed; in-unit laundry washer / dryer; bright and spacious; stunning tiled floors throughout; desirably located on the ground floor and accessed directly from the elegant entry lobby. Conveniently located near Larchmont Village shops and restaurants; minutes from the best that world famous Hollywood has to offer, The Farmers Market and The Grove, and more. The Majorca is a magnificent example of Mid-Century Architecture; it's a 5-story condominium community with 28 residential units of varying size. Masterfully executed, it prominently stands in the midst of one of LAs most historic and desirable residential neighborhoods.

Last Agent to Rent the Property

Patricia Wallace

Berkshire Hathaway Home Serv. License #01216930 Listed on: 04/30/2022

Berkshire Hathaway Home Serv.

Co-Listed By

Vilma Bakly

Berkshire Hathaway Home Serv. License #00965091

Berkshire Hathaway Home Serv.

Last Renter's Agent

Vilma Bakly

Berkshire Hathaway Home Serv. License #00965091

Berkshire Hathaway Home Serv.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,642

Year Built

  • Built in 1960

Lot Details

  • End Unit
  • 1 Common Wall

Parking

  • 1 Car Garage

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 1,153 Sq Ft Home
  • Entryway
  • Living Room
  • Den

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Central Heating

Community Details

  • Property has a Home Owners Association
  • Front Yard Maintenance
  • $4,200 HOA Transfer Fee
  • 28 Units

Listing and Financial Details

  • Security Deposit $4,200
  • 12-Month Minimum Lease Term
  • Available 5/9/22
  • Tax Lot 1
  • Tax Tract Number 32524
  • Assessor Parcel Number 5523009038

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,642

Year Built

Built in 1960

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2022-05-09
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 4200
  • Furnished: Unfurnished
  • Transfer Fees: 4200.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Ad Number: 626-2606095
  • Other Phone Description: 626-260-6095
  • Property Attached: Yes
  • View: No
  • Zoning: LAR4
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 5523009038
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1153.00 Square Feet
  • Common Walls: 1 Common Wall, End Unit
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3.25
  • Room Type: Den, Entry, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Front Yard
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 19785.00
  • Lot Size Acres: 0.4542

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 19785.0000 Square Feet
  • Number Of Units In Community: 28
  • Number Of Units Total: 28

Tax Info

  • Tax Census Tract: 1923.00
  • Tax Lot: 1
  • Tax Tract Number: 32524

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2022
Sold by
Aguirre Garcia Victor and Baruiz Maristela
Bought by
Victor And Maristela Garcia Family Trust
Current Estimated Value
$789,802

Purchase Details

Listed on
Dec 12, 2013
Closed on
Dec 6, 2013
Sold by
Peardon William
Bought by
Garcia Victor Aguirre and Garcia Maristela Baruiz
Seller's Agent
Angela Bond
Keller Williams Larchmont
Buyer's Agent
Patricia Wallace
List Price
$361,500
Sold Price
$361,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%
Original Mortgage
$271,125
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2012
Sold by
Schaefer Steven D and Alice Blumenberg Family Trust
Bought by
Peardon William
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Victor And Maristela Garcia Family Trust -- None Listed On Document
Garcia Victor Aguirre $361,500 Lawyers Title
Peardon William -- Lawyers Title
Peardon William -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Victor Aguirre $377,000
Previous Owner Garcia Victor Aguirre $397,500
Previous Owner Garcia Victor Aguirre $400,000
Previous Owner Garcia Victor Aguirre $271,125
Previous Owner Peardon William $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2022 10/26/22 Rented $3,750 0.0% --
09/01/2022 09/01/22 Price Changed $3,750 -1.3% $3 / Sq Ft
08/09/2022 08/09/22 Price Changed $3,800 -3.8% $3 / Sq Ft
07/13/2022 07/13/22 Price Changed $3,950 -6.0% $3 / Sq Ft
04/30/2022 04/30/22 For Rent $4,200 0.0% --
12/13/2013 12/13/13 Sold $361,500 0.0% $314 / Sq Ft
12/12/2013 12/12/13 Pending -- -- --
12/12/2013 12/12/13 For Sale $361,500 -- $314 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,642 $467,776 $234,380 $233,396
2024 $5,642 $458,605 $229,785 $228,820
2023 $5,537 $449,614 $225,280 $224,334
2022 $5,281 $440,799 $220,863 $219,936
2021 $5,211 $432,157 $216,533 $215,624
2019 $5,054 $419,341 $210,111 $209,230
2018 $5,036 $411,120 $205,992 $205,128
2016 $4,811 $395,157 $197,994 $197,163
2015 $4,741 $389,222 $195,020 $194,202
2014 $4,518 $361,500 $191,200 $170,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF22085696

California Regional Multiple Listing Service (CRMLS)

APN: 5523-009-038