531 N Rossmore 206, Los Angeles, California 90004, Los Angeles, 90004 - 2 bed, 2 bath
Loading property details...
531 N Rossmore 206
Los Angeles, California 90004
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,547Sq Ft
19,792Lot Size
Property Price
LIST PRICE$659,000
EST. MARKET VALUE
$684,728
3% BelowMARKET VALUE
SUMMARY
This mid-century condominium represents a High-Potential Investment Opportunity, listed at a List Price of $739,000—positioned well below the $755,167 Fair Market Value by 2%. This valuation gap provides $16,167 in Instant Equity. With a Condition Rating of 5, the unit serves as a blank canvas for modernization. Located in the heart of Hancock Park, the property offers proximity to top-rated schools like Third Street Elementary. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build value through renovation.
Estimated Market Value
$684,728+$25,728 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 531 N Rossmore 206 Subject 2 bd · 2 ba · 1,547 sqft · $443 | $659,000* List Price | 2 | 2 | 1,547 | $443 | - |
A 5025 Maplewood Avenue 14 Pending 3 bd · 2 ba · 1,307 sqft · $382 · 0.9 mi | $499,000 List Price | 3 | 2 | 1,307 | $382 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1960 with no evidence of recent renovations. The listing description explicitly invites buyers to 'bring your own style' and 'create a personalized home,' which is industry shorthand for a fixer-upper. Interior photos show heavily dated green carpeting, popcorn ceilings, and vintage fixtures, indicating the unit requires a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Hancock Park Location
Situated in the heart of Hancock Park, the property offers exceptional walkability to Larchmont Village’s boutiques and cafes, providing a high-demand urban lifestyle near major studios and clubs.
- Mid-Century Architectural Appeal
Designed by renowned architect Max Maltzman, this iconic 1960s residence features classic mid-century details and a spacious open floor plan that appeals to design enthusiasts.
- Significant Value-Add Potential
With over 1,500 square feet of living space and a 'blank canvas' condition, this unit offers a rare opportunity to build equity through personalized renovations and modern upgrades.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $822.22 per month is relatively high, which significantly increases the total monthly carrying cost for potential owners.
- Immediate Capital Expenditure
The property is positioned as a renovation opportunity, meaning buyers will need to budget for substantial additional investment to modernize the 1960s interior.
About 531 N Rossmore 206
HIGHLY MOTIVATED SELLER! Prime Location Condo. The Majorca is just blocks from Larchmont Village, with morning coffee, boutique shopping, casual lunches, and neighborhood dining nearby. Welcome to this distinctive Mid-Century condominium building in the heart of Hancock Park. Designed by renowned architect Max Maltzman, this iconic 1960 building is a wonderful opportunity to own a piece of classic Los Angeles architecture. The second-floor, 2-bedroom, 2-bath condominium features classic Mid-Century character, an open floor plan, clean lines, generous proportions, and a wonderful sense of space. Its architectural character and sought-after location provide an exceptional setting with plenty of potential to reflect your personal style. The Wilshire Country Club, Los Angeles Tennis Club, and Paramount Studios are nearby, along with The Grove, LACMA, and the Hollywood Bowl. With its distinctive architecture and coveted Hancock Park location, The Majorca offers a unique opportunity to experience classic Los Angeles living.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1960
- Lot Size
- 19,792 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $822.22 / Month
Neighborhood Insights
Los Angeles Unified Schools
Vine Street Elementary School
Grades K-6 • 0.6 mi
2/10
Van Ness Avenue Elementary School
Grades K-5 • 0.7 mi
6/10
Third Street Elementary School
Grades K-5 • 0.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,547 | 1,252.996 |
| Lot Size | 19,792 | 26,029.603 |
| Price | $659.0K | $778.5K |
| Price per sq ft | $426 | $629 |
| Built year | 1960 | 1981 |
| HOA | $822.22 | $676 |
| Days on market | 65 | 74 |
Pricing History
Listed for Sale
Oct 13, 2026
$659,000
$695,000
-5% Price Drop
Initial Listing
Price Change
Sep 30, 2026
$695,000
$739,000
-6% Price Drop
Initial Listing
Price Change
Sep 22, 2026
$739,000
$779,000
-5% Price Drop
Initial Listing
Price Change
Sep 5, 2026
$779,000
Initial Listing