531 N Rossmore Avenue 202, Los Angeles, California 90004, Los Angeles, 90004 - 2 bed, 2 bath
531 N Rossmore Avenue 202
Los Angeles, California 90004
Property Price
SUMMARY
Analysis of 531 N Rossmore Avenue 202, Los Angeles, California 90004 is currently available with a list price of $899,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1960, this unit has received significant and recent upgrades, including a new HVAC system, updated electrical panel, and modern recessed lighting. The bathrooms are extensively updated with contemporary fixtures, tiling, and vanities. The kitchen features modern stainless steel appliances, though the cabinetry style is more traditional and dated. The flooring throughout is in good condition. The property is move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Hancock Park Location
Highly desirable historic neighborhood offering excellent walkability to upscale clubs (L.A. Tennis Club, Wilshire Country Club), cafes, and restaurants in Larchmont Village.
- Extensive Recent Upgrades
The unit boasts a new dedicated HVAC system, updated bathrooms, a new electrical panel, and recessed lighting, significantly reducing immediate renovation needs for a buyer.
- Spacious Living Area
With over 1,600 square feet, this 2-bedroom, 2-bathroom corner unit provides generous living space, offering a feel comparable to a single-family home.
CONSRISKS & DEFICIENCIES
- Substantial Monthly Association Fee
The $813.20 monthly association fee is relatively high and could be a significant factor impacting overall affordability and buyer budget.
- Building Age & Potential Maintenance
Constructed in 1960, while the unit itself is upgraded, the building's age may lead to higher common area maintenance costs or potential future assessments.
- Single Assigned Parking Spot
For a 2-bedroom unit in a car-centric city like Los Angeles, having only one assigned parking space might be a limitation for households with multiple vehicles or frequent guests.
About 531 N Rossmore Avenue 202
Welcome to the Majorca, located in the heart of historic Hancock Park. This southeast corner 2 bed / 2 bath unit lives like a single family home with over 1,600 square feet of space. Upgrades include a new exclusively dedicated HVAC system, updated bathrooms, new electrical panel, and recessed lighting. Other features include ample closet space, in-unit laundry, additional storage, one assigned parking spot, and a pet relief area. Enjoy walkability on the surrounding tree-lined streets to the L.A. Tennis Club, Wilshire Country Club, and all the cafe's and restaurants in Larchmont Village. The Majorca is a stylish post-modern building of 28 units on 5 floors with subterranean garage. It is a must-see to appreciate.
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
- $813.2 / Month
Neighborhood Insights
Los Angeles Unified Schools
Vine Street Elementary School
Grades K-6 • 0.6 mi
Van Ness Avenue Elementary School
Grades K-5 • 0.7 mi
Third Street Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,605 | 1,200 | 89% |
| Lot Size | 19,792 | 17,955 | 63% |
| Price | $899.0K | $690.0K | 89% |
| Price per sq ft | $560 | $554 | 53% |
| Built year | 1960 | 1990 | 16% |
| HOA | $813.2 | $496 | 79% |
| Days on market | 87 | 204 | 5% |
Pricing History
Listed for Sale
Jan 16, 2026
$899,000
$924,900
-3% Price Drop
Initial Listing
Price Change
Dec 9, 2025
$924,900
Initial Listing
Sold
Jul 24, 2000
$205,000
Public Record