NOT LISTED FOR SALE

101 S Formosa Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $2,544,000 - $3,356,000

3 Beds
3 Baths
3,144 Sq Ft
$937/Sq Ft Est. Value

Last Sold August 01, 2023

Last sale price $2,780,000 $884 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $18,311/month

38 Days on Market

Highlights

  • Marina View
  • Tennis Courts
  • Room in yard for a pool
  • Third Street Elementary School Rated A
  • Cape Cod Architecture
  • Wood Flooring

About This Home

As of August 2023

Sold before processing. Entered for sales comparables purposes only.

Last Agent to Sell the Property

Cecille Cohen

Coldwell Banker Realty License #00884530 Listed on: 05/01/2023

Coldwell Banker Realty

Last Buyer's Agent

Cecille Cohen

Coldwell Banker Realty License #00884530 Listed on: 05/01/2023

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,819

Year Built

  • Built in 1933

Lot Details

  • 8,611 Sq Ft Lot
  • Property is zoned R1-1

Parking

  • 2 Car Detached Garage

Property Views

  • Marina
  • Mountain

Home Design

  • Cape Cod Architecture
  • Composition Roof

Interior Spaces

  • 3,144 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Center Hall
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Powder Room
  • 3 Full Bathrooms

Outdoor Features

  • Room in yard for a pool
  • Tennis Courts
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5512-024-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,819

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cape Cod
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3144
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1933
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins
  • Fireplace: Yes
  • Price Per S Q F T: 918.89

Exterior Features

  • Other Structures: None
  • Tennis Court: N/A
  • Tennis Court Y/N: Yes
  • Pool Description: Room For
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: Marina, Mountains
  • View: Yes
  • Waterfront: N/A

Garage/Parking

  • Parking Garage: Detached, Garage
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: N/A
  • Sewer: N/A
  • Water: N/A

Association/Amenities

  • Amenities: N/A

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Methane Gas
  • Assessor Parcel Number: 5512-024-034
  • Lot Size Area: 8611

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Jul 12, 2023
Sold by
101 S Formosa Ii Llc
Bought by
Luftglass Marc and Weiss Raquel
Seller's Agent
Cecille Cohen
Coldwell Banker Realty
Buyer's Agent
Cecille Cohen
Coldwell Banker Realty
List Price
$2,889,000
Sold Price
$2,780,000
Premium/Discount to List
-$109,000
-3.77%
Current Estimated Value
$2,945,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,434
Avg. Annual Appreciation
2.60%
Original Mortgage
$2,000,000
Outstanding Balance
$1,941,346
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$1,004,088

Purchase Details

Closed on
Nov 12, 2015
Sold by
Feldman Roselyn C and Wollheim Tehilah
Bought by
101 S Formosa Ii Llc

Purchase Details

Closed on
Jun 17, 2008
Sold by
Gruer Solomon and Gruer Frances
Bought by
619 N Fairfax Llc

Purchase Details

Closed on
Sep 25, 1998
Sold by
Family Trust Magid Samuel And Dorothy C Trs M
Bought by
Gruer Solomon and Gruer Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.87%
Source: Public Records

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
Luftglass Marc $2,780,000 Equity Title
Feldman Roselyn C -- Equity Title
101 S Formosa Ii Llc -- None Available
Feldman Roselyn C $28,000 None Available
Feldman Roselyn C -- None Available
101 S Formosa Llc -- None Available
Feldman Roselyn C -- None Available
619 N Fairfax Llc -- None Available
Gruer Solomon $585,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luftglass Marc $2,000,000
Previous Owner Gruer Solomon $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2023 08/01/23 Sold $2,780,000 -3.8% $884 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $2,889,000 0.0% $919 / Sq Ft
09/05/2017 09/05/17 Rented $7,250 0.0% --
08/30/2017 08/30/17 Under Contract -- -- --
08/30/2017 08/30/17 For Rent $7,250 -- --
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
2025 $33,819 $2,835,294 $2,268,276 $567,018
2024 $33,819 $2,779,700 $2,223,800 $555,900
2023 $10,857 $865,592 $425,016 $440,576
2022 $10,363 $848,621 $416,683 $431,938
2021 $10,223 $831,982 $408,513 $423,469
2019 $9,922 $807,307 $396,398 $410,909
2018 $9,827 $791,478 $388,626 $402,852
2016 $9,381 $760,745 $373,536 $387,209
2015 $9,025 $737,817 $358,711 $379,106
2014 $9,059 $723,365 $351,685 $371,680
Source: Public Records

Agents Affiliated with this Home

  • Cecille Cohen

    Seller's Agent in 2023

    Cecille Cohen

    Coldwell Banker Realty

    (213) 810-9949

    4 in this area

    13 Total Sales

    Cecille Cohen
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Map

Source: The MLS

MLS Number: 24-352769

The MLS

APN: 5512-024-034

California Los Angeles County Los Angeles 90036 Melrose

101 S Formosa Ave, Los Angeles, CA

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