NOT LISTED FOR SALE

1534 N Formosa Ave Unit 3 Los Angeles, CA 90046

Hollywood Neighborhood

Estimated Value: $789,000 - $1,222,000

2 Beds
2.5 Baths
1,401 Sq Ft
$669/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $795,000 $567 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,112/month

Highlights

  • Gourmet Kitchen
  • Two Primary Bathrooms
  • Tudor Architecture
  • Automatic Gate
  • Fireplace in Primary Bedroom
  • High Ceiling

About This Home

As of November 2020

Very rare tri-level townhouse with modern kitchen and bathrooms and private rooftop patio. En suite bathrooms in both bedrooms and master also has high vaulted ceilings, fireplace, and walk-in closet. Remodeled open concept kitchen includes stainless steel appliances and breakfast bar. Stackable laundry in unit, gated garage has two side-by-side parking spots, dual pane windows, two enclosed patios, and two fireplaces. Unit is one of only 6 in the building that is walking distance to Runyon Canyon, Sunset Strip, and Hollywood Blvd with low HOA fee that includes EQ insurance. Perfect for working from home and as income property.

Last Agent to Sell the Property

Michael Chang

Sotheby's International Realty License #02033278 Listed on: 10/12/2020

Last Buyer's Agent

Teodorico Sajor

Equity Union License #02037752

Equity Union

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,295

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • 7,154 Sq Ft Lot
  • South Facing Home
  • Gated Home

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Automatic Gate

Home Design

  • Tudor Architecture
  • Entry on the 1st floor
  • Copper Plumbing

Interior Spaces

  • 1,401 Sq Ft Home
  • High Ceiling
  • Double Pane Windows
  • Sliding Doors
  • Family Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Home Office
  • Laminate Flooring

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Gas Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Two Primary Bathrooms
  • Powder Room

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5548-011-043

Community Details

Overview

  • Association fees include utilities, trash, water, water and sewer paid, insurance, earthquake insurance, building and grounds
  • 6 Units
  • Maintained Community

Pet Policy

  • Pets Allowed

Security

  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,295

Year Built

Built in 1981 | Remodeled

Lot Details

0

HOA Fees

$300 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Tudor
  • Street Number Display: Yes
  • Complex Name: Formosa Homeowners Association
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 1401
  • Lot Acreage: 0.1642
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Unit Floor In Building: 1
  • Year Built: 1981
  • Number Of Photos: 32
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Family Room, Master Bedroom
  • Flooring: Laminate
  • Appliances: Free Standing Gas, Oven-Gas
  • Bedrooms: 2
  • Fireplaces: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: All Bedrooms Up, Master Bedroom, WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Powder Room
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Breakfast Counter / Bar, Breakfast Area, Dining Area, Kitchen Island
  • Kitchen Features: Island, Gourmet Kitchen
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Microwave, Washer, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 567.45
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Construction: Hard Coat
  • Other Features: Full Copper Plumbing, High Ceilings (9 Feet+), Sliding Glass Doors, Balcony
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Covered Parking, Garage, Private Garage

Utilities

  • Volt 220: In Laundry
  • Water Heater: Gas
  • Cooling: Air Conditioning, Central
  • Heating: Central, Fireplace
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated
  • Sewer: In Street
  • Water: District

Association/Amenities

  • Amenities: Controlled Access, Assoc Maintains Landscape, Gated Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Utilities, Trash, Water, Water and Sewer Paid, Insurance, Earthquake Insurance, Building and Grounds
  • HOA Fees: 300.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5548-011-043
  • Lot Size Area: 7154

Multi Family

  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
Nov 1, 2020
Sold by
Chang Kunghua and Moh Ji Hsing
Bought by
Wig Brandon Michael
Seller's Agent
Michael Chang
Sotheby's International Realty
Buyer's Agent
Teodorico Sajor
Equity Union
List Price
$795,000
Sold Price
$795,000
Current Estimated Value
$937,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,127
Avg. Annual Appreciation
3.36%
Original Mortgage
$715,500
Outstanding Balance
$637,836
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$299,291

Purchase Details

Closed on
Dec 10, 2009
Sold by
Foster Robert Mitchell
Bought by
Chang Kunghua and Moh Ji Hsing Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,500
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2002
Sold by
Proval Marc Ari
Bought by
Foster Robert Mitchell and Foster Doryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
6.25%

Purchase Details

Closed on
Jul 13, 1998
Sold by
Burnett David A
Bought by
Proval Marc Ari and Proval Miriam Aida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7%
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
Wig Brandon Michael $795,000 Lawyers Title
Chang Kunghua $534,000 Orange Coast Title
Foster Robert Mitchell $289,000 South Coast Title
Proval Marc Ari $175,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wig Brandon Michael $715,500
Previous Owner Chang Kunghua $400,500
Previous Owner Foster Robert Mitchell $231,200
Previous Owner Proval Marc Ari $125,000
Closed Foster Robert Mitchell $37,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2020 11/06/20 Sold $795,000 0.0% $567 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $795,000 -- $567 / 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 $10,295 $860,532 $636,794 $223,738
2024 $10,295 $843,659 $624,308 $219,351
2023 $10,098 $827,117 $612,067 $215,050
2022 $9,628 $810,900 $600,066 $210,834
2021 $9,506 $795,000 $588,300 $206,700
2019 $7,417 $617,912 $424,556 $193,356
2018 $7,383 $605,797 $416,232 $189,565
2016 $7,057 $582,275 $400,070 $182,205
2015 $6,953 $573,530 $394,061 $179,469
2014 $6,980 $562,296 $386,342 $175,954
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Chang

    Sotheby's International Realty

    Section Image

  • T

    Buyer's Agent in 2020

    Teodorico Sajor

    Equity Union

    Section Image
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Map

Source: The MLS

MLS Number: 20-632998

The MLS

APN: 5548-011-043

California Los Angeles County Los Angeles 90046 Hollywood

1534 N Formosa Ave Unit 3, Los Angeles, CA

This home is located at 1534 N Formosa Ave Unit 3, Los Angeles, CA 90046 since 12 October 2020 and is currently estimated at $937,127, approximately $668 per square foot. This property was built in 1981. 1534 N Formosa Ave Unit 3 is a home located in Los Angeles County with nearby schools including Gardner Street Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

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