NOT LISTED FOR SALE

1251 N Formosa Ave West Hollywood, CA 90046

Estimated Value: $1,070,000 - $1,734,000

2 Beds
2 Baths
1,600 Sq Ft
$829/Sq Ft Est. Value

Last Sold February 22, 2019

Last sale price $1,380,000 $862 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $8,896/month

Highlights

  • Newly Remodeled
  • Gourmet Kitchen
  • Open Floorplan
  • Rooftop Deck
  • City Lights View
  • 4-minute walk to Formosa Park

About This Home

As of November 2022

This recently built West Hollywood townhome is the essence of modern and sits in the heart of the city, moments away from the hottest spots in town. Enjoy direct access through a private two-car-garage to an entry only level. The main level open floor plan boasts vaulted ceilings, a sliding glass door to a balcony, and a style chef's kitchen featuring custom cabinets, Caesarstone countertops & top of line appliances. This central level also includes a powder room, with a shower, and a bedroom that would serve well as a home office. Architectural floating stairs lead to the next level that has the stacked laundry closet and the primary bedroom equipped with remote-controlled shades, a walk-in closet with custom built-ins, dual vanities, soaking tub and separate shower. Relax or entertain on the private gigantic rooftop terrace with amazing views all across the city that features a stainless steel gas grill, sink, mini-refrigerator, stone counters, TV/cable hookup and a TV. Mounted flat screen tv's are in every room and stay in the property as well as the rooftop outdoor furniture. Live in the heart of town, while enjoying the exclusivity of a luxury townhome. Available for immediate occupancy.

Last Agent to Rent the Property

Scott McIntosh

Coldwell Banker Realty License #01759826 Listed on: 10/17/2022

Coldwell Banker Realty

Last Renter's Agent

Scott McIntosh

Coldwell Banker Realty License #01759826 Listed on: 10/17/2022

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $18,334

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 6,707 Sq Ft Lot
  • West Facing Home
  • Gated Home

Parking

  • 2 Car Direct Access Garage
  • Side by Side Parking
  • Controlled Entrance

Property Views

  • Skyline
  • Views of a landmark
  • Mountain
  • Hills

Home Design

  • Split Level Home
  • Turnkey

Interior Spaces

  • 1,600 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • Cathedral Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Drapes & Rods
  • Window Screens
  • Formal Entry
  • Great Room
  • Living Room
  • Alarm System

Kitchen

  • Gourmet Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Oven
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Multi-Level Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Powder Room
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Open Patio
  • Built-In Barbecue

Utilities

  • Central Heating and Cooling System
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $13,000
  • Tenant pays for gas, insurance, move in fee, electricity, cable TV, water
  • Rent includes association dues, gardener
  • 12 Month Lease Term
  • Assessor Parcel Number 5531-007-067

Community Details

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • 5 Units
  • Controlled Access

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$18,334

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Parking

2

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Rent Control: No
  • Rent Includes: Association Dues, Gardener
  • Security Deposit: 13000
  • Tenant Pays: Gas, Insurance, Move In Fee, Electricity, Cable TV, Water

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Townhouse
  • Style: Architectural
  • Single Family Or Apt: Condo/Apt
  • Levels: Three Or More, Multi/Split
  • Street Number Display: Yes
  • Entry Floor: 1
  • Lease Terms: 1+Year
  • Living Area: 1600
  • Lot Acreage: 0.1540
  • Property Condition: New Construction, Updated/Remodeled
  • Stories: 3
  • Year Built: 2017
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Built-Ins, Cathedral-Vaulted Ceilings, Common Walls, High Ceilings (9 Feet+), Laundry - Closet Stacked, Turnkey, Storage Space, Recessed Lighting, Open Floor Plan, Living Room Balcony
  • Flooring: Hardwood, Tile
  • Appliances: Built-In BBQ, Free Standing Gas, Oven, Microwave
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset, Master Bedroom, Multi-Level Bedroom
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Powder Room, Remodeled, Shower and Tub, Shower Stall, Tile
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Stone Counters, Remodeled, Quartz Counters, Open to Family Room, Gourmet Kitchen
  • Laundry: On Upper Level, Laundry Closet Stacked
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Built-Ins, Cable, Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 4.06
  • Windows: Screens, Double Pane Windows, Drapes/Curtains

Exterior Features

  • Balcony: Yes
  • Direction Faces: West
  • Other Features: Balcony, Barbecue Private, Custom Built, High Ceilings (9 Feet+)
  • Patio: Roof Top Deck
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights, Hills, Landmark, Mountains, Skyline
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Attached, Controlled Entrance, Covered Parking, Direct Entrance, Garage - 2 Car, Garage Is Attached, Side By Side, Private Garage
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Prewired for alarm system, Gated
  • Sewer: In Street
  • Water: Public

Association/Amenities

  • Amenities: Controlled Access
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5531-007-067
  • Lot Size Area: 6707

Multi Family

  • Number Of Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2019
Sold by
Patel Nidhi D and Patel Dilipkumar R
Bought by
Patel Nidhi D
Current Estimated Value
$1,334,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$678,000
Outstanding Balance
$596,465
Interest Rate
3.6%
Estimated Equity
$729,402

Purchase Details

Listed on
Nov 30, 2018
Closed on
Feb 20, 2019
Sold by
Patel Nidhi D
Bought by
Patel Nidhi D and Patel Dilipkumar R
Seller's Agent
Christine Martin
The Agency
Buyer's Agent
Scott McIntosh
Coldwell Banker Realty
List Price
$1,425,000
Sold Price
$1,380,000
Premium/Discount to List
-$45,000
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.62%
Original Mortgage
$680,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2018
Closed on
Jan 29, 2019
Sold by
Baer Sydney and Mapagosa Ii Trust
Bought by
Patel Nidhi D
Seller's Agent
Christine Martin
The Agency
Buyer's Agent
Scott McIntosh
Coldwell Banker Realty
List Price
$1,425,000
Sold Price
$1,380,000
Premium/Discount to List
-$45,000
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
4.4%
Mortgage Type
New Conventional
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
Patel Nidhi D -- First American Title
Patel Nidhi D -- Accommodation
Patel Nidhi D $1,380,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Nidhi D $678,000
Previous Owner Patel Nidhi D $680,000
Previous Owner Kelin Bryan L $832,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Rented $6,250 -3.8% --
11/09/2022 11/09/22 Under Contract -- -- --
10/17/2022 10/17/22 For Rent $6,500 0.0% --
02/22/2019 02/22/19 Sold $1,380,000 -3.2% $863 / Sq Ft
02/15/2019 02/15/19 Pending -- -- --
11/30/2018 11/30/18 For Sale $1,425,000 -- $891 / 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 $18,334 $1,539,411 $451,782 $1,087,629
2024 $18,334 $1,509,227 $442,924 $1,066,303
2023 $18,013 $1,479,636 $434,240 $1,045,396
2022 $17,076 $1,450,625 $425,726 $1,024,899
2021 $16,949 $1,422,182 $417,379 $1,004,803
2019 $15,531 $1,305,600 $285,600 $1,020,000
2018 $15,415 $1,280,000 $280,000 $1,000,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-209703

The MLS

APN: 5531-007-067