NOT LISTED FOR SALE

117 N Formosa Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $2,175,000 - $2,285,000

4 Beds
3 Baths
2,581 Sq Ft
$860/Sq Ft Est. Value

About This Home

This home is located at 117 N Formosa Ave, Los Angeles, CA 90036 and is currently estimated at $2,218,574, approximately $859 per square foot. 117 N Formosa Ave is a home located in Los Angeles County with nearby schools including Third Street Elementary School, John Burroughs Middle School, and Fairfax High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2025
Sold by
Chon Family Revocable Trust and Chon Myong Yol
Bought by
Chon Myong Yol and Chon Susie
Current Estimated Value
$2,218,574

Purchase Details

Closed on
Sep 16, 2005
Sold by
Chon Myong Yol and Chon Susie
Bought by
Chon Myong Yol

Purchase Details

Closed on
Apr 26, 1995
Sold by
Readick Michael W and Case #Bc039067
Bought by
Chon Myong Yol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,750
Interest Rate
8.44%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Chon Myong Yol -- None Listed On Document
Chon Myong Yol -- --
Chon Myong Yol $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chon Myong Yol $284,750
Source: Public Records

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 $6,993 $562,674 $403,623 $159,051
2024 $6,993 $551,642 $395,709 $155,933
2023 $6,865 $540,826 $387,950 $152,876
2022 $6,559 $530,223 $380,344 $149,879
2021 $6,465 $519,828 $372,887 $146,941
2019 $6,276 $504,412 $361,828 $142,584
2018 $6,129 $494,523 $354,734 $139,789
2016 $5,841 $475,322 $340,960 $134,362
2015 $5,757 $468,183 $335,839 $132,344
2014 $5,782 $459,013 $329,261 $129,752
Source: Public Records

Map

California Los Angeles County Los Angeles 90036 Melrose

117 N Formosa Ave, Los Angeles, CA

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