NOT LISTED FOR SALE

585 N Rossmore Ave Unit 407 Los Angeles, CA 90004

Hancock Park Neighborhood

Estimated Value: $719,000 - $768,000

1 Bed
1 Bath
890 Sq Ft
$517/mo HOA Fee

Last Sold June 25, 2024

Last sale price $750,000 $843 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,362/month

30 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • 0.41 Acre Lot
  • Third Street Elementary School Rated A
  • Gated Parking
  • Contemporary Architecture

About This Home

As of June 2024

Newly renovated, large, 1 bedroom condo in the heart of Hancock Park. Renovations to the unit include newly installed wide plank oak floors, new LED smart recessed lighting throughout that turn on and off with voice commands, smart nest thermostat, fresh paint, new closets and more. In-unit laundry, floor-to-ceiling windows, gas stove, gas fireplace, huge walk-in closet off the bedroom and a storage/utility closet are located inside the unit. An open floor plan also allows for a work from home set up in addition to a formal living and dining area. The building is highly amenitized and the jewel of the building is the rooftop pool with a newly renovated outdoor kitchen. While on the rooftop, enjoy 360 degree views of LA's downtown skyline, Hollywood Hills, Griffith Park and more. Other building amenities include newly renovated lobby, elevators, gym, secured keyless entry via facial recognition or smartphone QR code, 2-car tandem parking with installed electrical for EV charging and bicycle storage in the garage. The building allows pets and is in the coveted 3rd Street Elementary district. Lively Larchmont Village is a very walkable-three blocks away with some of the best dining and shopping in the city. Offers will be presented when received. Easy to show by appointment.

Last Listed By

Adam Saget

Compass License #01972635 Listed on: 05/06/2024

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,806

Year Built

  • Built in 1990 | Remodeled

Lot Details

  • 0.41

HOA Fees

  • $517 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Electric Vehicle Home Charger
  • Tandem Parking
  • Gated Parking

Home Design

  • Contemporary Architecture
  • Split Level Home

Interior Spaces

  • 890 Sq Ft Home
  • Decorative Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Property Views

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Balcony

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5523-009-094

Community Details

Overview

  • 36 Units
  • Built by The Rossmore
  • 5-Story Property

Amenities

  • Community Barbecue Grill
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,806

Year Built

Built in 1990 | Remodeled

Lot Details

0

HOA Fees

$517 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Builder Name: The Rossmore
  • Complex Name: Pacific Edge Management, Inc.
  • Entry Floor: 4
  • Living Area: 890
  • Lot Acreage: 0.4122
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 5
  • Unit Floor In Building: 4
  • Year Built: 1990
  • Number Of Photos: 31
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Decorative
  • Flooring: Tile, Engineered Hardwood
  • Appliances: Microwave, Oven, Cooktop - Gas
  • Bedrooms: 1
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit, Laundry Closet Stacked, Room, Inside
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Washer, Elevator, Freezer, Refrigerator, Garbage Disposal, Range/Oven, Microwave
  • Fireplace: Yes
  • Price Per S Q F T: 842.70

Exterior Features

  • Other Features: Balcony
  • Pool Description: Association Pool, Community
  • Pool: Yes
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Gated, Tandem, Electric Vehicle Charging Station(s)
  • Total Parking: 2

Utilities

  • Volt 220: In Garage
  • Cooling: Central
  • Heating: Central
  • Security: Gated

Association/Amenities

  • Amenities: Assoc Barbecue, Exercise Room, Pool, Gated Parking, Elevator
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 516.76
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5523-009-094
  • Lot Size Area: 17955

Multi Family

  • Number Of Units: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Jun 8, 2024
Sold by
Derose-Beal Trust and Derose Chris
Bought by
Malissa Matthew and Blanchflower Barnaby
Seller's Agent
Adam Saget
Compass
Buyer's Agent
Tina Lee
Robust Real Estate
List Price
$750,000
Sold Price
$750,000
Total Days on Market
30
Views
11
Current Estimated Value
$736,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,501
Avg. Annual Appreciation
-2.16%
Original Mortgage
$675,000
Outstanding Balance
$669,418
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$67,081

Purchase Details

Listed on
Aug 4, 2023
Closed on
Sep 11, 2023
Sold by
Saltzman Allison Jill
Bought by
Derose-Beal Trust and Derose
Seller's Agent
Imraan Ali
Compass
Buyer's Agent
Adam Saget
Compass
List Price
$725,000
Sold Price
$725,000
Views
110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.50%
Original Mortgage
$325,000
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2020
Sold by
Dintaman James L and Dintaman Teryl E
Bought by
Saltzman Allison Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2008
Sold by
Tmc Veritas Hancock Park Llc
Bought by
Dintaman James L and Dintaman Teryl E

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Malissa Matthew $750,000 Lawyers Title Company
Derose-Beal Trust $725,000 Provident Title Company
Saltzman Allison Jill $560,000 Equity Title Company
Dintaman James L $560,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malissa Matthew $675,000
Previous Owner Derose-Beal Trust $325,000
Previous Owner Saltzman Allison Jill $448,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2024 06/25/24 Sold $750,000 0.0% $843 / Sq Ft
06/02/2024 06/02/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $750,000 +3.4% $843 / Sq Ft
09/19/2023 09/19/23 Sold $725,000 0.0% $815 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $725,000 -- $815 / Sq Ft
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 $8,806 $725,000 $468,400 $256,600
2023 $7,099 $582,623 $382,971 $199,652
2022 $6,769 $571,200 $375,462 $195,738
2021 $6,683 $560,000 $368,100 $191,900
2020 $8,172 $672,574 $465,520 $207,054
2019 $7,843 $659,388 $456,393 $202,995
2018 $7,271 $600,000 $416,000 $184,000
2016 $6,577 $545,000 $378,000 $167,000
2015 $6,006 $497,000 $345,000 $152,000
2014 $5,893 $476,000 $330,000 $146,000
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 24-387727

The MLS

APN: 5523-009-094