$907,500
SOLD JAN 3, 2024 RENTED JAN 21, 2025

531 N Rossmore Ave Unit 302 Los Angeles, CA 90004

Hancock Park Neighborhood
2 Beds
2 Baths
1,605 Sq Ft
$814/mo HOA Fee

Recently Sold

$565 Per Sq Ft

6% Below List Price

97 Days on Market

Highlights

  • Primary Bedroom Suite
  • Updated Kitchen
  • Wood Flooring
  • Third Street Elementary School Rated A
  • 0.45 Acre Lot
  • Modern Architecture

About This Home

As of January 2024

Perfect Hancock Park location on a pretty sycamore-lined block of Rossmore, amongst vintage apartment houses and surrounded by charming blocks of SFRs, the Majorca is a stylish post-modern building of 28 units on 5 floors with subterranean garage. Originally a high end apartment house, the Rat Pack / Dan Draper feel is intact starting with the floor-to-ceiling glass lobby with terrazzo and marble floors. 2 blocks from the L.A. Tennis Club, Wilshire Country Club, and 3 blocks from Larchmont Village, this is a walkable community. This corner unit on the 3rd floor features 10' wide sliders to a balcony with pleasant trees/urban view. There are are gorgeous prefinished wood floors throughout, with heavy crown and base mouldings. Entry is to a formal foyer, with bedroom wing to one side and entertaining space to the other. 1600 sq. ft. per tax assessor affords generous room sizes with an open living/dining room and an updated white kitchen with 'Coffee Brown' granite counters and cool stainless steel backsplash. Sink and dishwasher are stainless as well, and there's a laundry closet for full-size stacked units. Bedrooms are quite large, with stylish fluted glass doors. Bathrooms are updated in a complementary contemporary style, with mosaic tile showers & modern glass enclosures. The master suite has triple closets plus more storage space separating it from the private bath, which features separate tub and shower and corner double-sink cabinets and lots of mirrors. Street-facing windows are double-paned. The building has the unusual feature of commercial-style central heating and cooling which is included in the fees, as is water and water heating. Unit has 1 space in the basement garage, and has a designated storage cupboard there as well. This unit is a rare offering of 1600 sq. ft. surrounded by million $+ condominiums in a truly premium location.

Last Agent to Sell the Property

Kevin Dehaeseleer

Coldwell Banker Realty License #00774414 Listed on: 09/01/2023

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,680

Year Built

  • Built in 1960

HOA Fees

  • $814 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • Modern Architecture
  • Entry on the 3rd floor
  • Flat Roof Shape

Interior Spaces

  • 1,605 Sq Ft Home
  • Recessed Lighting
  • Free Standing Fireplace
  • Decorative Fireplace
  • Electric Fireplace
  • Entrance Foyer
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Gas Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Living Room Balcony
  • Stone Porch or Patio
  • Exterior Lighting

Schools

  • 3Rd St Elementary School
  • Bancroft Middle School
  • Fairfax High School

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Two or More Common Walls
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 32524
  • Assessor Parcel Number 5523009050
  • $174 per year additional tax assessments

Community Details

Overview

  • 28 Units
  • The Majorca Association, Phone Number (424) 999-4711
  • HOA Premier Mgt HOA
  • 5-Story Property

Pet Policy

  • Pet Restriction
  • Pet Size Limit

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,680

Year Built

Built in 1960

Lot Details

0

HOA Fees

$814 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Refrigerator, Washer/dryer stacked (All 'as-are')
  • Property Attached: Yes
  • Subdivision Name Other: The Majorca
  • View: Yes
  • Zoning: R4
  • Architectural Style: Modern
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5523009050
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1605.00 Square Feet
  • Interior Amenities: Balcony, Granite Counters, Living Room Balcony, Recessed Lighting
  • Stories: 5
  • Entry Location: Rossmore
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 3
  • Fireplace Features: Electric, Decorative, Free Standing
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 565.42
  • Room Type: Foyer, Primary Suite
  • Bathroom Features: Shower, Double Sinks In Primary Bath, Separate Tub And Shower
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Stone
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Subterranean
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Refrigerator
  • Heating Type: Central, Forced Air
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Phone Extension: 800
  • Amenities: Sewer, Water, Pet Rules, Weight Limit, Controlled Access, Hot Water
  • Association Fee: 814.00
  • Association Fee Frequency: Monthly
  • Association Name: The Majorca
  • Phone: 424 999-4711
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights, Urban
  • Association Management: HOA Premier Mgt

Schools

  • School District: Los Angeles Unified
  • Elementary School: 3rd St
  • Middle School: Bancroft
  • High School: Fairfax
  • Elementary School: 3rd St
  • High School: Fairfax
  • Middle Or Junior School: Bancroft
  • Elementary School #2: 3RDST
  • High School2: FAIRFA

Lot Info

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

Multi Family

  • Lease Considered: No
  • 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
  • TaxOtherAnnualAssessmentAmount: 174.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Dec 7, 2023
Sold by
Robert And Ava Gold Famally Trust
Bought by
Kothart Ankur and Kothart Yuka
Seller's Agent
Kevin Dehaeseleer
Coldwell Banker Realty
List Price
$969,000
Sold Price
$907,500
Premium/Discount to List
-$61,500
-6.35%
Views
2599
Current Estimated Value
$997,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,607
Avg. Annual Appreciation
4.38%
Original Mortgage
$726,000
Outstanding Balance
$714,720
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$261,030

Purchase Details

Listed on
Oct 10, 2017
Closed on
Oct 31, 2017
Sold by
Grace John K and North Orange Grove Trust 2001
Bought by
Gold Robert and Robert & Ava Gold Family Trust
Seller's Agent
Jason Reitz
Rock Realty Group
Buyer's Agent
Jason Reitz
Rock Realty Group
List Price
$799,000
Sold Price
$860,000
Premium/Discount to List
$61,000
7.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.88%

Purchase Details

Listed on
May 1, 2014
Closed on
Aug 1, 2014
Sold by
Dent Brian C and The Dent Living Trust
Bought by
Grace John K and North Orange Grove Trust 2001
Seller's Agent
Jason Woodruff
Keller Williams Hollywood Hills
Buyer's Agent
Lee Wasser
Sotheby's International Realty
List Price
$729,000
Sold Price
$729,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.25%
Original Mortgage
$546,750
Interest Rate
3.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 9, 2009
Sold by
Dent Brian Christian
Bought by
Dent Brian C and The Dent Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2009
Sold by
Saidy Anthony F and Estate Of Marie Saidy
Bought by
Dent Brian Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2006
Sold by
Wareham David and Trust Kristopher
Bought by
Saidy Marie

Purchase Details

Closed on
Mar 18, 2005
Sold by
Wareham David
Bought by
Wareham David and Trust Kristopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2005
Sold by
Trust Kristopher
Bought by
Wareham David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2004
Sold by
Wareham David
Bought by
Wareham David and Trust Kristopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,200
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2003
Sold by
Burton Elaine and Wolford Susan
Bought by
Wareham David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,200
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2000
Sold by
Engelman Freddy Sirott and Engelman Freddy
Bought by
Engelman Freddy Sirott and Freddy Sirott Engelman Trust
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 Type Sale Price Title Company
Grant Deed $907,500 Equity Title
Grant Deed $860,000 Chicago Title Company
Grant Deed $729,000 Chicago Title
Interfamily Deed Transfer -- None Available
Grant Deed $565,000 Equity Title Los Angeles
Grant Deed $769,000 California Title Company
Interfamily Deed Transfer -- --
Grant Deed -- Financial Title Company
Interfamily Deed Transfer -- --
Grant Deed $389,000 Equity Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $726,000 New Conventional
Previous Owner $546,750 Adjustable Rate Mortgage/ARM
Previous Owner $401,927 New Conventional
Previous Owner $417,000 Purchase Money Mortgage
Previous Owner $420,000 Purchase Money Mortgage
Previous Owner $311,200 Purchase Money Mortgage
Closed $77,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2025 01/21/25 Rented $4,395 -0.1% --
01/08/2025 01/08/25 Price Changed $4,400 -2.2% $3 / Sq Ft
12/09/2024 12/09/24 For Rent $4,500 0.0% --
01/03/2024 01/03/24 Sold $907,500 -2.4% $565 / Sq Ft
12/08/2023 12/08/23 Pending -- -- --
09/20/2023 09/20/23 Price Changed $929,900 -4.0% $579 / Sq Ft
09/01/2023 09/01/23 For Sale $969,000 +12.7% $604 / Sq Ft
11/16/2017 11/16/17 Sold $860,000 +7.6% $536 / Sq Ft
10/23/2017 10/23/17 Pending -- -- --
10/10/2017 10/10/17 For Sale $799,000 +9.6% $498 / Sq Ft
08/25/2014 08/25/14 Sold $729,000 0.0% $454 / Sq Ft
07/24/2014 07/24/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $729,000 -- $454 / 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 $11,680 $925,650 $369,750 $555,900
2024 $11,680 $959,343 $401,585 $557,758
2023 $11,456 $940,533 $393,711 $546,822
2022 $10,921 $922,092 $385,992 $536,100
2021 $10,783 $904,013 $378,424 $525,589
2019 $10,457 $877,200 $367,200 $510,000
2018 $10,430 $860,000 $360,000 $500,000
2017 $9,151 $754,917 $143,941 $610,976
2016 $8,942 $740,116 $141,119 $598,997
2015 $8,810 $729,000 $139,000 $590,000
2014 $7,279 $593,526 $378,492 $215,034
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23159841

California Regional Multiple Listing Service (CRMLS)

APN: 5523-009-050