NOT LISTED FOR SALE

1140 N Formosa Ave Unit 6 West Hollywood, CA 90046

Estimated Value: $1,099,000 - $1,421,000

2 Beds
3 Baths
1,700 Sq Ft
0.31 Acres

Last Sold May 13, 2016

Last sale price $940,000 $553 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $8,086/month

74 Days on Market

Highlights

  • 13,511 Sq Ft lot
  • Loft
  • Covered Patio or Porch
  • Wood Flooring
  • Den
  • 1-minute walk to Formosa Park

About This Home

As of May 2016

Extraordinary architectural townhouse in this award-winning Lorcan O'Herlihy 11-unit modern condo building. The largest of all the units, this rear corner 2BD+2.5BA+1,700SF(approx) entertainer's showcase home features a dramatic loft-like two-level environment w/ high ceilings, metal & wood staircase, tall walls, & spectacular downstairs open floor plan w/ numerous large windows that frame exterior green spaces to bring light into the living & dining areas, chef's kitchen & office/den. Upstairs 2 bedroom suites & a spacious private outdoor terrace complete this stunning property. Side x side parking, in unit laundry. Set alongside it's own urban park, this is truly an exceptional & one-of-a-kind offering. Ideal West Hollywood location close to restaurants, shopping, entertainment, & nightlife.

Last Agent to Sell the Property

Markus Canter

Berkshire Hathaway HomeServices California Properties License #01810156 Listed on: 01/21/2016

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Cristie St. James

Berkshire Hathaway HomeServices California Properties License #00949711

Last Buyer's Agent

Markus Canter

Berkshire Hathaway HomeServices California Properties License #01810156 Listed on: 01/21/2016

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,413

Year Built

  • Built in 2008

Lot Details

  • 0.31

Interior Spaces

  • 1,700 Sq Ft Home
  • Dining Area
  • Den
  • Loft
  • Property Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Covered Spaces
  • Covered Parking
  • Private Parking
  • Side by Side Parking
  • Assigned Parking

Additional Features

  • Covered Patio or Porch
  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5531-009-029

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 11 Units
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,413

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: Formosa 1140
  • Entry Floor: 1
  • Living Area: 1700
  • Planned Urban Dev: 0
  • Probate: No
  • Unit Floor In Building: 1
  • Year Built: 2008
  • Number Of Photos: 37
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Carpet, Hardwood
  • Bedrooms: 2
  • Fireplaces: 0
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Dining Area
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Fireplace: No
  • Price Per S Q F T: 558.24

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Covered Parking, Garage - 2 Car, Private, Side By Side
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Community, Gated

Association/Amenities

  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fees: 578.66

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5531-009-029
  • Geocode Override: No
  • Lot Size Area: 13511

Multi Family

  • Number Of Units: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2016
Closed on
Apr 6, 2016
Sold by
Good Karma Property Investments Llc
Bought by
Rai Morgan and Rai Jennifer
Seller's Agent
Markus Canter
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Markus Canter
Berkshire Hathaway HomeServices California Properties
List Price
$1,049,000
Sold Price
$940,000
Premium/Discount to List
-$109,000
-10.39%
Current Estimated Value
$1,278,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,673
Avg. Annual Appreciation
2.95%
Original Mortgage
$655,000
Outstanding Balance
$523,673
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$706,010

Purchase Details

Closed on
Aug 21, 2013
Sold by
Kapur Neha
Bought by
Nayyar Kunal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 17, 2013
Sold by
Nayyar Kunal
Bought by
Good Karma Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 14, 2012
Sold by
Nayyar Kunal
Bought by
Good Karma Property Investments Llc

Purchase Details

Closed on
May 8, 2009
Sold by
Formosa Ave Llc
Bought by
Nayyar Kunal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,200
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
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
Rai Morgan $940,000 California Title Company
Nayyar Kunal -- Ticor Title Co
Good Karma Property Investments Llc -- Ticor Title Company Of Ca
Nayyar Kunal -- Ticor Title Co
Good Karma Property Investments Llc -- None Available
Nayyar Kunal $624,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rai Morgan $655,000
Previous Owner Nayyar Kunal $342,000
Previous Owner Nayyar Kunal $417,000
Previous Owner Nayyar Kunal $85,000
Previous Owner Nayyar Kunal $499,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $940,000 -0.9% $553 / Sq Ft
04/04/2016 04/04/16 Pending -- -- --
03/17/2016 03/17/16 Price Changed $949,000 -4.6% $558 / Sq Ft
02/08/2016 02/08/16 Price Changed $995,000 -5.1% $585 / Sq Ft
01/21/2016 01/21/16 For Sale $1,049,000 -- $617 / 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
2025 $13,413 $1,112,760 $768,990 $343,770
2024 $13,413 $1,090,942 $753,912 $337,030
2023 $13,183 $1,069,552 $739,130 $330,422
2022 $12,520 $1,048,582 $724,638 $323,944
2021 $12,414 $1,028,023 $710,430 $317,593
2019 $12,008 $997,533 $689,359 $308,174
2018 $11,925 $977,975 $675,843 $302,132
2016 $8,545 $694,019 $444,884 $249,135
2015 $8,411 $683,595 $438,202 $245,393
2014 $8,408 $670,206 $429,619 $240,587
Source: Public Records

Agents Affiliated with this Home

  • Markus Canter

    Seller's Agent in 2016

    Markus Canter

    Berkshire Hathaway HomeServices California Properties

    (310) 704-4248

    15 in this area

    109 Total Sales

    Section Image
  • Cristie St. James

    Seller Co-Listing Agent in 2016

    Cristie St. James

    Berkshire Hathaway HomeServices California Properties

    (310) 291-1029

    15 in this area

    113 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 16-973883

The MLS

APN: 5531-009-029

California Los Angeles County West Hollywood 90046

1140 N Formosa Ave Unit 6, West Hollywood, CA

This home is located at 1140 N Formosa Ave Unit 6, West Hollywood, CA 90046 since 21 January 2016 and is currently estimated at $1,229,683, approximately $723 per square foot. This property was built in 2008. 1140 N Formosa Ave Unit 6 is a home located in Los Angeles County with nearby schools including Gardner Street Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

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