531 N Rossmore Ave Unit 406 Los Angeles, CA 90004
Hancock Park Neighborhood
2
Beds
2
Baths
1,547
Sq Ft
$813/mo
HOA Fee
Highlights
- Gated Parking
- City Lights View
- Midcentury Modern Architecture
- Third Street Elementary School Rated A
- 0.45 Acre Lot
- Wood Flooring
About This Home
As of March 2025Rarely available mid century condominium at The Majorca in Hancock Park! This southwest facing corner 2 bed / 2 bath lives like a single family home with over 1500 square feet of luxurious space. A chic formal entry hall leads into the light filled open plan living + dining room and the spacious balcony accented with breeze blocks. Views of the Wilshire Country Club and Old Hollywood architecture abound along with amazing afternoon light and sunsets. The sleek kitchen features Miele + Sub Zero appliances, in unit laundry and a breakfast area that also opens onto the balcony. Down the central hallway, find a bright guest bedroom and hall bath with designer surfaces. The primary suite has a full wall of closets, desk/vanity area, and bath with double sinks plus separate shower and tub. There is ample closet space throughout the home, two separate storage closets located elsewhere in the building, and two assigned parking spaces in the secure underground garage. Community spaces include the glamorous lobby plus a manicured garden and dog run behind the building. Just a few blocks away find all the shops and dining on Melrose and Larchmont: Cafe Gratitude, Great White, Peet's, Levain Bakery, Providence, Salt + Straw, and so much more!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $13,911
Year Built
- Built in 1960
HOA Fees
- $813 Monthly HOA Fees
Parking
- 2 Car Garage
- Side by Side Parking
- Gated Parking
- Parking Garage Space
- Controlled Entrance
Property Views
- Skyline
- Golf Course
Home Design
- Midcentury Modern Architecture
Interior Spaces
- 1,547 Sq Ft Home
- Built-In Features
- Entryway
- Living Room
- Dining Area
Kitchen
- Breakfast Area or Nook
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in Kitchen
- Dryer
- Washer
Additional Features
- Covered patio or porch
- Gated Home
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 5523-009-058
Community Details
Overview
- 28 Units
- 5-Story Property
Amenities
- Elevator
- Community Storage Space
Pet Policy
- Pets Allowed
Security
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2025
Closed on
Mar 3, 2025
Sold by
Russell 2018 Revocable Trust and Russell David
Bought by
Leslie F Wolf Declaration Of Trust and Wolf
Seller's Agent
Mark Grimes
Compass
Buyer's Agent
Meadow Goddard
The Core Agency
List Price
$1,095,000
Sold Price
$1,070,000
Premium/Discount to List
-$25,000
-2.28%
Total Days on Market
10
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,539
Avg. Annual Appreciation
2.17%
Purchase Details
Listed on
Sep 11, 2019
Closed on
Jan 7, 2020
Sold by
Lev Jason
Bought by
Russell David and Russell 2018 Revocable Trust
Seller's Agent
Derek Lester
Compass
Buyer's Agent
Hayward Hamrick
eXp Realty of California Inc
List Price
$1,095,000
Sold Price
$1,075,000
Premium/Discount to List
-$20,000
-1.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.09%
Original Mortgage
$510,400
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 17, 2015
Sold by
Lipson Matthew A and Lipson Kari T
Bought by
Lev Jason
Purchase Details
Closed on
Apr 17, 2015
Sold by
Lipson Matthew A
Bought by
Lipson Matthew A and Lipson Kari T
Purchase Details
Closed on
Apr 25, 2014
Sold by
Lipson Matthew Arnow
Bought by
Lipson Matthew A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,500
Interest Rate
2.35%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
May 29, 2008
Sold by
Watson Gavin Brent and The Watson Trust
Bought by
Lipson Matthew Arnow
Purchase Details
Closed on
Jul 11, 2007
Sold by
Watson Gavin Brent
Bought by
Watson Gavin Brent and Watson Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,150
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 24, 2006
Sold by
Sommer Richard and The Richard Sommer Living Trus
Bought by
Watson Gavin Brent
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 9, 1993
Sold by
Sommer Lore C
Bought by
Sommer Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
6.91%
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,070,000 | California Best Title Company | |
| Grant Deed | $1,075,000 | Lawyers Title Company | |
| Grant Deed | $825,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Grant Deed | -- | Equity Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Equity Title Company | |
| Quit Claim Deed | -- | Commonwealth Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $504,827 | New Conventional | |
| Previous Owner | $510,400 | New Conventional | |
| Previous Owner | $437,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $323,280 | New Conventional | |
| Previous Owner | $25,000 | Unknown | |
| Previous Owner | $84,150 | Credit Line Revolving | |
| Previous Owner | $680,000 | Unknown | |
| Previous Owner | $98,000 | Credit Line Revolving | |
| Previous Owner | $20,000 | Stand Alone Second | |
| Previous Owner | $487,500 | Purchase Money Mortgage | |
| Previous Owner | $54,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/02/2025 03/02/25 | Sold | $1,070,000 | -2.3% | $692 / Sq Ft |
| 03/02/2025 03/02/25 | Pending | -- | -- | -- |
| 02/20/2025 02/20/25 | For Sale | $1,095,000 | +1.9% | $708 / Sq Ft |
| 01/10/2020 01/10/20 | Sold | $1,075,000 | -0.9% | $695 / Sq Ft |
| 10/21/2019 10/21/19 | Price Changed | $1,085,000 | -0.9% | $701 / Sq Ft |
| 09/11/2019 09/11/19 | For Sale | $1,095,000 | -- | $708 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $13,911 | $1,152,614 | $691,569 | $461,045 |
| 2023 | $13,640 | $1,130,014 | $678,009 | $452,005 |
| 2022 | $13,001 | $1,107,858 | $664,715 | $443,143 |
| 2021 | $12,837 | $1,086,136 | $651,682 | $434,454 |
| 2020 | $10,870 | $893,004 | $514,154 | $378,850 |
| 2019 | $10,434 | $875,495 | $504,073 | $371,422 |
| 2018 | $10,407 | $858,330 | $494,190 | $364,140 |
| 2016 | $9,951 | $825,000 | $475,000 | $350,000 |
| 2015 | $7,771 | $642,000 | $511,000 | $131,000 |
| 2014 | $6,746 | $543,000 | $432,000 | $111,000 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Grimes
Seller's Agent in 2025
Mark Grimes
Compass
(323) 422-4929
1 in this area
43 Total Sales
-
Kurt Wisner
Seller Co-Listing Agent in 2025
Kurt Wisner
Compass
(323) 841-3839
1 in this area
416 Total Sales
-
Meadow Goddard
Buyer's Agent in 2025
Meadow Goddard
The Core Agency
(323) 829-5858
1 in this area
22 Total Sales
-
Derek Lester
Seller's Agent in 2020
Derek Lester
Compass
(818) 915-0163
1 in this area
52 Total Sales
-
Joseph Reichling
Seller Co-Listing Agent in 2020
Joseph Reichling
Compass
(323) 395-9084
5 in this area
246 Total Sales
-
Buyer's Agent in 2020
Hayward Hamrick
eXp Realty of California Inc
Map
Source: The MLS
MLS Number: 25500945
APN: 5523-009-058
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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