NOT LISTED FOR SALE

128 S Formosa Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $2,463,000 - $4,147,000

4 Beds
3.5 Baths
2,914 Sq Ft
$1,086/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $2,550,000 $875 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $19,419/month

102 Days on Market

Highlights

  • Detached Guest House
  • Views of Trees
  • Spanish Architecture
  • Third Street Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of February 2020

RARE fully remodeled Spanish w/ 4 beds & 3.5 baths in Prime Miracle Mile location close to The Grove! Wide quiet tree lined street. Gated character front courtyard entertaining space. Large step down sunshine filled high beamed ceiling living room with fireplace. Designer done dining room. Center isle kitchen w/ breakfast nook, breakfast bar, pro appliances has adjacent family room that opens to the grassy backyard. Powder + laundry off the family room. Bedroom suite downstairs. 3 beds + 2 baths up. Master suite has private balcony, large built-in walk-in closet, spacious designer bath w/ dual sinks, frameless glass shower, tub. Garage has been converted into a storage unit. Central AC, updated systems. Exquisite move-in condition! Third Street School District!

Last Agent to Sell the Property

Sheri Bienstock

The Bienstock Group License #01746994 Listed on: 10/17/2019

Last Buyer's Agent

Nechama Jacobs

The Bienstock Group License #01982471

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,198

Year Built

  • Built in 1930

Lot Details

  • 6,599 Sq Ft Lot
  • Property is zoned LAR1

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,914 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Gas Fireplace
  • Entryway
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Center Hall
  • Views of Trees

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • Open Patio
  • Detached Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5513-020-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,198

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 2914
  • Stories: 2
  • Year Built: 1930
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas, Gas and Wood, Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Closet, Inside
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 891.90

Exterior Features

  • Other Structures: Accessory Bldgs
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool: No
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway - Concrete
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5513-020-006
  • Geocode Override: No
  • Lot Size Area: 6599

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2019
Closed on
Jan 17, 2020
Sold by
Besser Bryan Taylor and Besser Paige Elizabet
Bought by
Hershberg Moshe D and Raichik Sara H
Seller's Agent
Sheri Bienstock
The Bienstock Group
Buyer's Agent
Nechama Jacobs
The Bienstock Group
List Price
$2,599,000
Sold Price
$2,550,000
Premium/Discount to List
-$49,000
-1.89%
Current Estimated Value
$3,165,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$615,771
Avg. Annual Appreciation
3.86%
Original Mortgage
$2,040,000
Outstanding Balance
$1,802,421
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$1,363,350

Purchase Details

Closed on
Oct 22, 2018
Sold by
Besser Bryan T and Besser Paige E
Bought by
Besser Bryan Taylor and Besser Paige Elizabeth

Purchase Details

Listed on
Mar 9, 2015
Closed on
Mar 18, 2015
Sold by
Abbott Zvia
Bought by
Besser Bryan T and Besser Paige E
Seller's Agent
Sheri Bienstock
The Bienstock Group
Buyer's Agent
Sheri Bienstock
The Bienstock Group
List Price
$1,899,999
Sold Price
$1,850,000
Premium/Discount to List
-$49,999
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%
Original Mortgage
$1,296,000
Interest Rate
3.67%
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
Hershberg Moshe D $2,550,000 Provident Title Company
Besser Bryan Taylor -- None Available
Besser Bryan T $1,850,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hershberg Moshe D $2,040,000
Previous Owner Besser Bryan T $1,296,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2020 02/28/20 Sold $2,550,000 -1.9% $875 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
12/23/2019 12/23/19 For Sale $2,599,000 +1.9% $892 / Sq Ft
12/13/2019 12/13/19 Off Market $2,550,000 -- --
11/05/2019 11/05/19 Price Changed $2,599,000 -3.6% $892 / Sq Ft
10/17/2019 10/17/19 For Sale $2,695,000 +45.7% $925 / Sq Ft
05/13/2015 05/13/15 Sold $1,850,000 -2.6% $635 / Sq Ft View Prior Sale
03/14/2015 03/14/15 Pending -- -- --
03/09/2015 03/09/15 For Sale $1,899,999 -- $652 / 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 $33,198 $2,788,792 $1,867,945 $920,847
2024 $33,198 $2,734,111 $1,831,319 $902,792
2023 $32,550 $2,680,502 $1,795,411 $885,091
2022 $31,027 $2,627,944 $1,760,207 $867,737
2021 $30,654 $2,576,417 $1,725,694 $850,723
2020 $24,772 $2,033,034 $1,506,974 $526,060
2019 $23,778 $1,993,172 $1,477,426 $515,746
2018 $23,659 $1,954,091 $1,448,457 $505,634
2016 $22,635 $1,878,212 $1,392,212 $486,000
2015 $6,947 $568,871 $211,685 $357,186
2014 $6,974 $557,729 $207,539 $350,190
Source: Public Records

Agents Affiliated with this Home

  • Sheri Bienstock

    Seller's Agent in 2020

    Sheri Bienstock

    The Bienstock Group

    (323) 310-2525

    39 in this area

    218 Total Sales

    Sheri Bienstock
    Section Image
  • Nechama Jacobs

    Buyer's Agent in 2020

    Nechama Jacobs

    The Bienstock Group

    (973) 975-3970

    2 in this area

    39 Total Sales

    Nechama Jacobs
    Section Image
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Map

Source: The MLS

MLS Number: 19-521020

The MLS

APN: 5513-020-006

California Los Angeles County Los Angeles 90036 Melrose

128 S Formosa Ave, Los Angeles, CA

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