NOT LISTED FOR SALE

1249 N Formosa Ave West Hollywood, CA 90046

Estimated Value: $890,000 - $1,098,000

2 Beds
2.5 Baths
1,300 Sq Ft
6,708 Sq Ft Lot

Last Sold June 10, 2022

Last sale price $1,195,000 $919 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $6,901/month

Highlights

  • 24-Hour Security
  • Panoramic View
  • Breakfast Area or Nook
  • Primary Bedroom Suite
  • Marble Countertops
  • 4-minute walk to Formosa Park

About This Home

As of August 2024

Nestled in a coveted enclave with breathtaking views of iconic West Hollywood, this meticulously designed residence epitomizes modern luxury. Beyond the entry door with electronic access, a private pathway adorned with outdoor tiling leads to a naturally covered nook bathed in abundant sunlight, creating a serene welcome. Step onto the expansive deck, where panoramic vistas of Los Angeles unfold before you. This outdoor oasis is an entertainer's dream, complete with a barbecue pit, miniature fridge, sink, umbrella-shaded dining area, and a discreetly integrated TV for al fresco enjoyment amidst the cityscape. The front door, adorned with reeded glass, strikes a balance between decoration and privacy, welcoming you into a space defined by elegance and sophistication. A staircase with white oak accents ascends to reveal an interior adorned with meticulous craftsmanship and thoughtful design. The kitchen is a culinary masterpiece, featuring full Thassos marble countertops, complemented by a Bertazzoni stove and microwave, and a Samsung triple door fridge. This gourmet haven is both functional and aesthetically pleasing, offering a space where cooking becomes a delight. The primary bedroom suite beckons with a spacious walk-in closet providing ample storage, ensuring organization meets luxury. The attached restroom boasts Thassos marble, epitomizing opulence and offering a spa-like retreat within the comfort of home. Convenience meets innovation in the one-car garage, featuring a pre-installed Tesla charger and generous storage room, catering to modern needs seamlessly. This remarkable property blends sophisticated design with unparalleled functionality, offering a lifestyle of unparalleled comfort and convenience in the heart of vibrant Los Angeles.

Last Agent to Rent the Property

Ryan Xayarath

Compass License #02149821 Listed on: 07/09/2024

Compass

Co-Listed By

Timothy Xu

Compass License #01703821

Last Renter's Agent

Ryan Xayarath

Compass License #02149821 Listed on: 07/09/2024

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,138

Year Built

  • Built in 2017

Lot Details

  • East Facing Home
  • Gated Home

Property Views

  • Panoramic
  • Skyline
  • Courtyard

Home Design

  • Additions or Alterations

Interior Spaces

  • 1,300 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Family Room on Second Floor
  • Laminate Flooring
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Range Hood
  • Microwave
  • Dishwasher
  • Marble Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Automatic Gate

Outdoor Features

  • Balcony
  • Built-In Barbecue

Additional Features

  • City Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $7,950
  • Tenant pays for electricity, gas, insurance, move in fee, trash collection, water
  • Assessor Parcel Number 5531-007-066

Community Details

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$15,138

Year Built

Built in 2017

Lot Details

0

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Security Deposit: 7950
  • Tenant Pays: Electricity, Gas, Insurance, Move In Fee, Trash Collection, Water
  • Transfer Fee Paid By: Tenant

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Style: Garden Condo
  • Single Family Or Apt: Condo/Apt
  • Levels: Three Or More
  • Street Number Display: Yes
  • Lease Terms: 12 Months
  • Living Area: 1300
  • Lot Acreage: 0.1540
  • Monthto Month: No
  • Property Condition: Additions/Alter
  • Stories: 3
  • Water Filled Furn Ins Required: Yes
  • Year Built: 2017
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Wood Laminate
  • Appliances: Built-In BBQ, Built-In Gas, Microwave, Range Hood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: Master Suite, Multi-Level Bedroom, WalkInCloset
  • One Quarter Bathrooms: 0
  • Bathroom Features: Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Breakfast Area
  • Kitchen Features: Marble Counters
  • Laundry: In Closet, Laundry Area, On Upper Level
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Dishwasher, Dryer, Washer, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 4.08
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Other Features: Balcony, Barbecue Private
  • Pool: No
  • View: City, Courtyard, Panoramic, Skyline
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Door Opener, Covered Parking, Garage Is Attached, Garage - 1 Car
  • Total Parking: 1

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Community, Fire and Smoke Detection System, Gated, Prewired for alarm system, Smoke Detector, T.V.
  • Water: Public

Association/Amenities

  • Amenities: Security
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5531-007-066
  • Lot Description: Fenced, Walk Street
  • Lot Location: City
  • Lot Size Area: 6709

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2019
Closed on
Sep 20, 2019
Sold by
Sandstra Cullez
Bought by
Paul Griffin J
Seller's Agent
John Barrentine
Keller Williams Larchmont
Buyer's Agent
Stephen Katz
The Agency
List Price
$1,099,000
Sold Price
$1,010,000
Premium/Discount to List
-$89,000
-8.1%
Current Estimated Value
$1,036,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,838
Avg. Annual Appreciation
0.45%
Original Mortgage
$726,500
Interest Rate
3.5%

Purchase Details

Listed on
Nov 27, 2017
Closed on
Jan 12, 2018
Sold by
1249 N Formosa Llc
Bought by
Zandstra Cullen
Seller's Agent
Joshua Altman
Douglas Elliman of California, Inc.
Buyer's Agent
Laura Cutrona
Coldwell Banker Realty
List Price
$1,188,000
Sold Price
$1,085,000
Premium/Discount to List
-$103,000
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.03%
Original Mortgage
$813,750
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 28, 2013
Closed on
Sep 9, 2013
Sold by
Aprolie14 Llc
Bought by
1249 N Formosa Llc
Seller's Agent
Stacey Babbitt
Coldwell Banker Realty
Buyer's Agent
Coleman Laffoon
Compass
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$600,000
Interest Rate
4.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 28, 2013
Closed on
Aug 8, 2013
Sold by
Wilkie Jeffery
Bought by
Aprolie14 Llc
Seller's Agent
Stacey Babbitt
Coldwell Banker Realty
Buyer's Agent
Coleman Laffoon
Compass
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2012
Sold by
Wilkie Jeffery
Bought by
Wilkie Jeffery

Purchase Details

Closed on
Apr 12, 2004
Sold by
Giammarco Anthony
Bought by
Giammarco Anthony and Wilkie Jeffery

Purchase Details

Closed on
Sep 10, 2002
Sold by
Bank Of New York
Bought by
Giammarco Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,300
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2002
Sold by
Valerio Aprilyn
Bought by
Cwabs 2001-Bc3

Purchase Details

Closed on
Apr 30, 2001
Sold by
Medina Stefanie S
Bought by
Valerio Aprilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
10.87%

Purchase Details

Closed on
Dec 9, 1999
Sold by
Valerio Aprilyn
Bought by
Valerio Aprilyn and Medina Stefanie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.45%

Purchase Details

Closed on
Nov 9, 1999
Sold by
Medina Stefanie S
Bought by
Valerio Aprilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.45%
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
Paul Griffin J $1,010,000 Lawyers Title
Zandstra Cullen $1,085,000 Chicago Title Company
1249 N Formosa Llc $825,000 Lawyers Title
Aprolie14 Llc -- Accommodation
Wilkie Jeffery -- None Available
Giammarco Anthony $221,000 Chicago Title Co
Giammarco Anthony $450,500 Landsafe Title
Cwabs 2001-Bc3 $355,535 Landsafe Title
Valerio Aprilyn -- Orange Coast Title
Valerio Aprilyn -- --
Valerio Aprilyn -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paul Griffin J $726,600
Closed Paul Griffin J $726,500
Previous Owner Zandstra Cullen $813,750
Previous Owner 1249 N Formosa Llc $600,000
Previous Owner Giammarco Anthony $29,000
Previous Owner Giammarco Anthony $353,300
Previous Owner Valerio Aprilyn $50,000
Previous Owner Valerio Aprilyn $325,000
Previous Owner Valerio Aprilyn $247,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Rented $5,300 0.0% --
08/07/2024 08/07/24 Under Contract -- -- --
07/09/2024 07/09/24 For Rent $5,300 0.0% --
06/10/2022 06/10/22 Sold $1,195,000 0.0% $919 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $1,195,000 +18.3% $919 / Sq Ft
10/23/2019 10/23/19 Sold $1,010,000 +1.1% $777 / Sq Ft
09/19/2019 09/19/19 Pending -- -- --
09/13/2019 09/13/19 Price Changed $999,000 -4.8% $768 / Sq Ft
09/05/2019 09/05/19 Price Changed $1,049,000 -4.5% $807 / Sq Ft
07/18/2019 07/18/19 For Sale $1,099,000 +1.3% $845 / Sq Ft
01/26/2018 01/26/18 Sold $1,085,000 -8.3% $835 / Sq Ft
12/18/2017 12/18/17 Price Changed $1,183,000 -0.4% $910 / Sq Ft
11/27/2017 11/27/17 For Sale $1,188,000 +44.0% $914 / Sq Ft
09/20/2013 09/20/13 Sold $825,000 -2.9% $355 / Sq Ft
08/23/2013 08/23/13 Pending -- -- --
05/28/2013 05/28/13 For Sale $850,000 -- $366 / 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 $15,138 $1,268,143 $530,604 $737,539
2024 $15,138 $1,243,278 $520,200 $723,078
2023 $14,874 $1,218,900 $510,000 $708,900
2022 $12,326 $1,040,872 $319,475 $721,397
2021 $12,250 $1,020,463 $313,211 $707,252
2019 $13,195 $1,106,700 $705,738 $400,962
2018 $5,444 $432,766 $177,766 $255,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-412875

The MLS

APN: 5531-007-066