532 N Rossmore Ave | Hancock Plaza

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Hancock Plaza
532 N Rossmore Ave
Los Angeles CA 90004

Hancock Plaza is a 49-unit 4-story Brick clad entry level condo building in Hancock Park. Hancock Plaza was built in 1972 and then converted to condos in 1979 by Collins III. The condos are modest in size ranging from 600 sqft to 1,000 sqft and are mostly 1 bedrooms. This building is the most affordable way to get into the Hancock Park neighborhood. The Location is walkable to both Larchmont Blvd and the Pavilions on the corner of Melrose and Rossmore, where Rossmore turns into Vine.

This building is a great stepping stone for first-time buyers looking to get into the market and start building equity and one of the few places in LA that is still affordable. When you outgrow the space, instead of selling, you have the option to also keep the condo as a rental. There is no in-unit laundry- the laundry for Hancock Plaza is community laundry.

 Location

 Hancock Plaza is across the street from the Wilshire Country Club. In addition, the Los Angeles Tennis Club is nearby so grab your golf clubs and tennis racket! Larchmont is tantalizingly nearby, with all the great restaurants, shopping, and yoga. CafĂ© Gratitude is a fixture, and a new Lemonade just opened up. Further down on Larchmont you have the more traditional fare of Italian, Japanese, and Fine Dining. 

 This location is zoned for 3rd Street Elementary. 

Real Estate

Record Sale: $639,000

Turnover: 5%

Appreciation: 4%

All of the floorplans in Hancock Plaza are Single Story. Of the 49 condos (41) are 1 bedrooms and only (8) are 2 Bedrooms, so the 2 bedrooms are a bit harder to find (stacks #1 and #4). The Front condos face Rossmore and get good natural light and this section of Rossmore has some really beautiful Sycamore trees. You will get some street noise in the front. The back is quieter but the trade off is less light. 4th floor condos facing the front have big balconies.

The SQFT is modest ranging from 600 sqft to 1,000 sqft.  Pricing is generally in the $400,000 to $500,000 range for the 1 bedrooms.  Central AC/Heat.

Amenities

Lobby- Lobby hs a lodgy feel to it with all the Oak wood paneling, probably could use a redo.

Pool

Elevator

Extra Storage

Parking & Laundry

The Laundry is Community Laundry, sorry no in unit laundry may be installed.

 Guest parking? 1 bedroom gets 1 spot, 2 bedroom get 2 spots, some of the bigger 1 bedrooms get 2 car tandem.

Home Owners Association

HOA dues Monthly Cost? $470/mo.

HOA dues cover? Water & Trash, Reserves, Building Insurance, Common Area Maintenance, Property Management

Owner Pays? Electric, No Gas

Any special assessments? No

Pet Policy? 40 lbs weight limit

Rental Policy?

EQ Insurance? Yes, included in dues

CCRs?

Building Reserves?

Special move in instructions?

Can you have BBQ on balcony?

Property Management Company?

Condominium and Community Specialists Inc
818-566-1700
www.ccshoamgmt.com

 

Wall Street Realty 

Property Management

1225 N. Pacific Ave., Ste C

Glendale, CA 91202

(818)500-9955 Phone

(818)334-8170 Direct

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