531 N Rossmore Avenue 202, Los Angeles, California 90004, Los Angeles, 90004 - 2 bed, 2 bath
ACTIVE$949,999
531 N Rossmore Avenue 202, Los Angeles, California 90004
2Beds
2Baths
1,605Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Hancock Park Location: Situated in historic Hancock Park, offering walkability to Larchmont Village's amenities and within the desirable Third Street School District.
Top Cons:
Substantial Monthly Association Fee: The $813.2 monthly association fee is relatively high and adds a significant recurring cost to ownership.
Compared to the nearby listings
Price:$950.0K vs avg $720.0K (+$229,999)76%
Size:1,605 sqft vs avg 1,190 sqft82%
Price/sqft:$592 vs avg $59747%
More Insights
Built in 1960 (65 years old).
Condition: Built in 1960, this condominium has received significant functional updates, including a new HVAC system and an upgraded electrical panel, which are major positives. However, the interior aesthetics, particularly the kitchen's cabinet style and tile flooring, appear to be from an older renovation (likely 15-25 years ago) rather than a recent modern update. The faux brick accents and specific light fixtures also contribute to a dated feel. While well-maintained and move-in ready, the property would benefit from cosmetic updates to align with current design trends, especially in the kitchen and potentially the bathrooms (which are not pictured). This aligns with the 'Fair' category, indicating an aged but maintained home where major components are functional but show signs of being outdated in style.
Year Built
1960
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$592
HOA
$813.2
Days on market
-
Sold On
-
MLS number
SR25132438
Home ConditionFair
Features
Good View: City Lights, Trees/Woods
ViewCity Lights,Trees/Woods
About this home
Welcome to The Majorca, a classic mid-century architectural gem nestled in the heart of historic Hancock Park. This rare, spacious southeast-corner 2-bedroom, 2-bathroom condominium offers over 1,600 square feet of light-filled living space. The thoughtfully designed floor plan includes a formal entry that opens to an expansive living and dining area, ideal for both everyday living and entertaining. The large kitchen includes in-unit laundry and an enclosed patio/balcony, providing additional flexible space. Ample storage is available throughout the unit, with bonus storage located in the common area hallway. Recent updates include a new HVAC system and upgraded electrical panel. Located in the desirable Third Street School District. Community amenities include a stylish mid-century lobby, a landscaped garden area, and a dog run behind the building. Walking distance to Larchmont Village, where you can find great restaurants and shopping, Sunday Farmer's Market, Studios and adjacent to The Wilshire Country Club, and so much more!
Nearby schools
2/10
Vine Street Elementary School
Public,•K-6•0.6mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•0.7mi
8/10
Third Street Elementary School
Public,•K-5•0.7mi
2/10
Wilshire Crest Elementary School
Public,•K-5•1.8mi
7/10
Queen Anne Place Elementary School
Public,•K-5•2.0mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•0.8mi
7/10
John Burroughs Middle School
Public,•6-8•1.2mi
3/10
Laurel Elementary School
Public,•K-8•2.1mi
4/10
Los Angeles Senior High School
Public,•9-12•1.6mi
7/10
Fairfax Senior High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
07/24/00
Sold
$205,000
Condition Rating
Fair
Built in 1960, this condominium has received significant functional updates, including a new HVAC system and an upgraded electrical panel, which are major positives. However, the interior aesthetics, particularly the kitchen's cabinet style and tile flooring, appear to be from an older renovation (likely 15-25 years ago) rather than a recent modern update. The faux brick accents and specific light fixtures also contribute to a dated feel. While well-maintained and move-in ready, the property would benefit from cosmetic updates to align with current design trends, especially in the kitchen and potentially the bathrooms (which are not pictured). This aligns with the 'Fair' category, indicating an aged but maintained home where major components are functional but show signs of being outdated in style.
Pros & Cons
Pros
Prime Hancock Park Location: Situated in historic Hancock Park, offering walkability to Larchmont Village's amenities and within the desirable Third Street School District.
Spacious & Light-Filled Layout: Over 1,600 sqft, this southeast-corner unit provides an expansive, light-filled living and dining area, rare for a condominium.
Key System Updates: Recent installation of a new HVAC system and an upgraded electrical panel provides modern comfort and peace of mind.
Classic Mid-Century Architecture: The building, 'The Majorca,' is a classic mid-century architectural gem with a stylish lobby, appealing to design enthusiasts.
Convenient In-Unit Features & Building Amenities: Includes in-unit laundry, ample storage, and community amenities like a landscaped garden and dog run.
Cons
Substantial Monthly Association Fee: The $813.2 monthly association fee is relatively high and adds a significant recurring cost to ownership.
Potential for Interior Updates: While systems are updated, the description does not specify modern renovations to the kitchen or bathrooms, suggesting potential for further buyer investment to update finishes.
Enclosed Outdoor Space: The property features an 'enclosed patio/balcony' rather than an open-air balcony or private outdoor area, which may not suit all buyer preferences.