NOT LISTED FOR SALE

1159 N Formosa Ave West Hollywood, CA 90046

Estimated Value: $1,526,000 - $4,381,000

4 Beds
2 Baths
2,095 Sq Ft
$1,560/Sq Ft Est. Value

Last Sold September 03, 2014

Last sale price $1,200,000 $573 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $20,460/month

1 Day on Market

Highlights

  • Air Conditioning
  • Ceiling Fan
  • 1-minute walk to Formosa Park

About This Home

As of September 2014

Do not disturb occcupants

Last Agent to Sell the Property

Nils Rudovics

Nils Rudovics License #01265091 Listed on: 05/02/2014

Last Buyer's Agent

Vlad Gold

Keller Williams Hollywood Hills License #01340166

Keller Williams Hollywood Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,234

Year Built

  • Built in 1931

Lot Details

  • 6,871 Sq Ft Lot
  • Lot Dimensions are 50x136

Interior Spaces

  • 2,095 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • On-Street Parking

Utilities

  • Air Conditioning
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5531-007-031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,234

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 2095
  • Lot Dimensions: 50x136
  • Stories: 2
  • Year Built: 1931
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Equipment: Cable, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 572.79

Exterior Features

  • Tennis Court Y/N: No
  • Number Patio: 4
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Above Street Level
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning, Ceiling Fan
  • Heating: Natural Gas
  • Number Electric Meters: 3
  • Number Gas Meters: 3

Fee Information

  • Insurance Expense: 1397.00

Lot Info

  • Assessor Parcel Number: 5531-007-031
  • Geocode Override: No
  • Lot Size Area: 6871

Rental Info

  • Number Leased: 4
  • Total Actual Rent: 112743.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 10.60
  • Gross Scheduled Income: 10050.00
  • Number Of Units: 3
  • Type Of Units: residential

Tax Info

  • Tax Expense: 3471.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2024
Sold by
California Td Specialists Llc
Bought by
1159 Formosa Llc
Current Estimated Value
$3,268,233

Purchase Details

Listed on
May 2, 2014
Closed on
Sep 11, 2014
Sold by
Fmb Development Llc
Bought by
1159 Formosa Llc
Seller's Agent
Nils Rudovics
Nils Rudovics
Buyer's Agent
Vlad Gold
Keller Williams Hollywood Hills
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%
Original Mortgage
$4,000,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 2, 2014
Closed on
Sep 3, 2014
Sold by
Choice Professionals Inc
Bought by
Fmb Development Inc
Seller's Agent
Nils Rudovics
Nils Rudovics
Buyer's Agent
Vlad Gold
Keller Williams Hollywood Hills
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 2, 2014
Closed on
Jul 16, 2014
Sold by
Reed Kristina
Bought by
Choice Professionals Inc
Seller's Agent
Nils Rudovics
Nils Rudovics
Buyer's Agent
Vlad Gold
Keller Williams Hollywood Hills
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2002
Sold by
Choice Professionals Inc
Bought by
Reed Kristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2001
Sold by
Glazer Steven
Bought by
Choice Professionals Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.65%

Purchase Details

Closed on
Dec 6, 2000
Sold by
Cen Max Properties Inc
Bought by
Glazer Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.65%

Purchase Details

Closed on
Jan 25, 2000
Sold by
Huteson Thomas R
Bought by
Cen Max Properties

Purchase Details

Closed on
May 11, 1999
Sold by
Estrada Michael P and Michael P Estrada Trust
Bought by
Huteson Thomas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
3.35%
Source: Public Records

Range of Values:

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Average Value
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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
1159 Formosa Llc $7,266,634 None Listed On Document
1159 Formosa Llc -- Accommodation
Fmb Development Inc -- First American Title Company
Choice Professionals Inc -- First American Title Company
Reed Kristina -- Equity Title Company
Reed Kristina -- Equity Title Company
Choice Professionals Inc $420,000 --
Glazer Steven $420,000 Commonwealth Title
Cen Max Properties -- --
Huteson Thomas R $210,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fmb Development Inc $4,000,000
Previous Owner Reed Kristina $385,000
Previous Owner Glazer Steven $320,000
Previous Owner Huteson Thomas R $157,500
Closed Glazer Steven $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2014 09/03/14 Sold $1,200,000 0.0% $573 / Sq Ft
05/03/2014 05/03/14 Pending -- -- --
05/02/2014 05/02/14 For Sale $1,200,000 -- $573 / 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 $40,234 $3,825,000 $1,530,000 $2,295,000
2024 $40,234 $3,211,133 $1,413,939 $1,797,194
2023 $27,217 $2,154,856 $1,386,215 $768,641
2022 $25,791 $2,112,605 $1,359,035 $753,570
2021 $25,513 $2,071,183 $1,332,388 $738,795
2020 $25,730 $1,318,723 $989,043 $329,680
2019 $16,377 $1,292,866 $969,650 $323,216
2018 $16,228 $1,267,517 $950,638 $316,879
2016 $15,193 $1,218,300 $913,725 $304,575
2015 $14,956 $1,200,000 $900,000 $300,000
2014 $6,965 $506,139 $421,786 $84,353
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2014

    Nils Rudovics

    Nils Rudovics

    Section Image
  • Vlad Gold

    Buyer's Agent in 2014

    Vlad Gold

    Keller Williams Hollywood Hills

    (310) 403-3969

    1 in this area

    14 Total Sales

    Vlad Gold
    Section Image
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Map

Source: The MLS

MLS Number: 14-757383

The MLS

APN: 5531-007-031

California Los Angeles County West Hollywood 90046

1159 N Formosa Ave, West Hollywood, CA

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