$1,599,000
SOLD SEP 1, 2020

531 N Rossmore Ave Unit B Los Angeles, CA 90004

Hancock Park Neighborhood
4 Beds
5 Baths
3,090 Sq Ft
$1,027/mo HOA Fee

Recently Sold

$517 Per Sq Ft

8% Below List Price

72 Days on Market

Highlights

  • Automatic Gate
  • Golf Course View
  • Post Modern Architecture
  • Third Street Elementary School Rated A
  • 19,743 Sq Ft lot
  • Elevator

About This Home

As of September 2020

Among the largest single-level condos in Hancock Park and just 3 blocks from Larchmont Village, this renovated penthouse boasts 4 bedrooms, 5 bathrooms and 2 patios overlooking the golf course at Wilshire Country Club. Ample space for a home office and gym plus ideal walls space for the art enthusiasts. Gourmet kitchen with Cesarstone counters, a Bertozonni gas stove, Viking refrigerator, Bosch dishwasher and storage galore! Large, open living room with fireplace, bar and wine refrigerator opens to a patio. Informal dining area. The Master bedroom suite has large walk in closets and a bathroom with double sinks, a soaking tub and steam shower. Full laundry room with sink and additional storage. New HVAC and wired for audio/video. 2 parking spaces and storage closet. 3rd Street Elementary. The MAJORCA is a mid-century style building.

Last Agent to Sell the Property

Anne Loveland

Coldwell Banker Realty License #01467820 Listed on: 05/13/2020

Coldwell Banker Realty

Co-Listed By

Sue Carr

Coldwell Banker Realty License #00888374

Last Buyer's Agent

Amy Black

Redfin License #01454740

Redfin

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,630

Year Built

  • Built in 1960

HOA Fees

  • $1,027 Monthly HOA Fees

Home Design

  • Post Modern Architecture

Interior Spaces

  • 3,090 Sq Ft Home
  • Living Room with Fireplace
  • Golf Course Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Covered Spaces
  • Automatic Gate
  • Guest Parking
  • Assigned Parking

Listing and Financial Details

  • Assessor Parcel Number 5523-009-062

Community Details

Overview

  • 28 Units

Amenities

  • Elevator
  • Community Storage Space

Pet Policy

  • Pets Allowed

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,630

Year Built

Built in 1960

Lot Details

0

HOA Fees

$1,027 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Post Modern
  • Street Number Display: Yes
  • Complex Name: The Majorca
  • Entry Floor: 5
  • Living Area: 3090
  • Planned Urban Dev: 0
  • Unit Floor In Building: 5
  • Year Built: 1960
  • Number Of Photos: 46
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 517.48

Exterior Features

  • Pool: No
  • View: Golf Course
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Gated

Utilities

  • Security: Automatic Gate

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Controlled Access, Elevator, Extra Storage, Guest Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 1027.11
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5523-009-062
  • Geocode Override: No
  • Lot Size Area: 19743

Multi Family

  • Number Of Units: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2020
Closed on
Aug 3, 2020
Sold by
Henderson Barbara B and The Barbara B Henderson Living
Bought by
Hong Jennifer Y
Seller's Agent
Anne Loveland
Coldwell Banker Realty
Buyer's Agent
Amy Black
Redfin
List Price
$1,739,000
Sold Price
$1,599,000
Premium/Discount to List
-$140,000
-8.05%
Current Estimated Value
$1,966,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$367,819
Avg. Annual Appreciation
4.21%
Original Mortgage
$468,000
Outstanding Balance
$420,712
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$1,535,114

Purchase Details

Listed on
Jan 10, 2019
Closed on
Apr 22, 2019
Sold by
Rox Enterprises Llc
Bought by
The Barbara B Henderson Living Trust
Seller's Agent
Peter Buonocore
Keller Williams Larchmont
Buyer's Agent
Michelle Lipkin
Sotheby's International Realty
List Price
$1,895,000
Sold Price
$1,675,000
Premium/Discount to List
-$220,000
-11.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.38%

Purchase Details

Closed on
Jun 27, 2013
Sold by
Spilo Marc and Marc Spilo Living Trust
Bought by
Roz Enterprises Llc

Purchase Details

Closed on
Oct 31, 2010
Sold by
Hara Judith and The Rosalyn A Simon Revocable
Bought by
Spilo Marc

Purchase Details

Closed on
Sep 4, 2008
Sold by
Simon Rosalyn A
Bought by
Simon Rosalyn A and The Rosalyn A Simon Revocable
Source: Public Records

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Range of Values:

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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 $1,599,000 Equity Title
Grant Deed $1,675,000 Lawyers Title Company
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $468,000 Commercial
Closed $642,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2020 09/01/20 Sold $1,599,000 0.0% $517 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
07/15/2020 07/15/20 Price Changed $1,599,000 -8.1% $517 / Sq Ft
05/13/2020 05/13/20 For Sale $1,739,000 +3.8% $563 / Sq Ft
04/26/2019 04/26/19 Sold $1,675,000 -6.7% $542 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
02/21/2019 02/21/19 Price Changed $1,795,000 -5.3% $581 / Sq Ft
01/10/2019 01/10/19 For Sale $1,895,000 0.0% $613 / Sq Ft
07/13/2016 07/13/16 Under Contract -- -- --
07/11/2016 07/11/16 Sold $8,000 0.0% $3 / Sq Ft
06/17/2016 06/17/16 For Sale $8,000 0.0% $3 / Sq Ft
06/17/2016 06/17/16 For Rent $10,995 +37.4% --
06/17/2016 06/17/16 Rented $8,000 -- --
Source: The MLS

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
2024 $20,630 $1,696,869 $1,357,496 $339,373
2023 $20,229 $1,663,598 $1,330,879 $332,719
2022 $19,283 $1,630,980 $1,304,784 $326,196
2021 $19,039 $1,599,000 $1,279,200 $319,800
2020 $20,747 $1,708,500 $510,000 $1,198,500
2019 $9,684 $803,945 $586,882 $217,063
2018 $9,657 $788,182 $575,375 $212,807
2016 $9,213 $757,579 $553,034 $204,545
2015 $9,078 $746,200 $544,727 $201,473
2014 $9,110 $731,584 $534,057 $197,527
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-578726

The MLS

APN: 5523-009-062