Landlord's Agent in 2024
Sonya Chun
Compass
(310) 622-3962
27 Total Sales
1534 N Formosa Ave Unit 5 Los Angeles, CA 90046
Hollywood NeighborhoodEstimated Value: $795,000 - $1,149,000
2
Beds
2.5
Baths
1,401
Sq Ft
$650/Sq Ft
Est. Value
Highlights
- Gated Parking
- Contemporary Architecture
- Quartz Countertops
- Open Floorplan
- Wood Flooring
- Breakfast Area or Nook
About This Home
As of September 2024Seize the rare opportunity to lease a spacious townhome with a private rooftop in the heart of the vibrant Hollywood area! This 2-bedroom, 2.5-bathroom gem boasts an open floor-plan that includes a generously sized living room with a patio, a modern kitchen equipped with stainless steel appliances, and the convenience of in-unit laundry. You'll appreciate the peace of mind provided by secure side-by-side parking for two vehicles. Upstairs, both bedrooms feature ensuite bathrooms, with the primary bedroom with a decorative fireplace and vaulted ceiling. Step out onto the rooftop deck with views and the privacy it affords - a perfect setting for entertaining, unwinding, or a spot for exercise. This oasis of a home is conveniently located near an array of shops, nightlife hotspots, and restaurants, with the added bonus close proximity to the renowned Runyon Canyon and highly sought-after Gardner Street Elementary School. Find genuine tranquility in the heart of LA - this place is a must-see, offering the perfect mix of comfort, convenience, and a great location!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $9,654
Year Built
- Built in 1981
Lot Details
- 7,154
Parking
- 2 Car Garage
- Side by Side Parking
- Gated Parking
- Assigned Parking
Home Design
- Contemporary Architecture
Interior Spaces
- 1,401 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Decorative Fireplace
- Dining Area
- Intercom
Kitchen
- Breakfast Area or Nook
- Oven or Range
- Gas and Electric Range
- Microwave
- Dishwasher
- Quartz Countertops
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- All Upper Level Bedrooms
Laundry
- Laundry closet
- Dryer
- Washer
Additional Features
- Enclosed Patio or Porch
- 7,154 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- Controlled Access
Listing and Financial Details
- Security Deposit $6,450
- Tenant pays for cable TV, electricity, gas
- 12 Month Lease Term
- Assessor Parcel Number 5548-011-045
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 28, 2005
Sold by
Arana Margaret C
Bought by
Kelly James C
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Outstanding Balance
$202,234
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$707,883
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kelly James C | $595,000 | Equity Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kelly James C | $370,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/24/2024 09/24/24 | Rented | $3,995 | 0.0% | -- |
| 09/04/2024 09/04/24 | Under Contract | -- | -- | -- |
| 08/29/2024 08/29/24 | Price Changed | $3,995 | -7.1% | $3 / Sq Ft |
| 08/16/2024 08/16/24 | For Rent | $4,300 | +11.7% | -- |
| 03/01/2023 03/01/23 | Rented | $3,850 | -3.8% | -- |
| 02/17/2023 02/17/23 | For Rent | $4,000 | -- | -- |
Source: The MLS
Tax History Compared to Growth
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 | $9,654 | $813,101 | $621,241 | $191,860 |
| 2024 | $9,654 | $797,159 | $609,060 | $188,099 |
| 2023 | $9,468 | $781,529 | $597,118 | $184,411 |
| 2022 | $9,026 | $766,206 | $585,410 | $180,796 |
| 2021 | $8,909 | $751,183 | $573,932 | $177,251 |
| 2019 | $8,639 | $728,905 | $556,910 | $171,995 |
| 2018 | $8,601 | $714,614 | $545,991 | $168,623 |
| 2016 | $8,220 | $686,867 | $524,791 | $162,076 |
| 2015 | $7,317 | $611,000 | $466,800 | $144,200 |
| 2014 | $6,137 | $500,100 | $382,100 | $118,000 |
Source: Public Records
Agents Affiliated with this Home
-
Sonya Chun
Map
Source: The MLS
MLS Number: 24-429001
APN: 5548-011-045
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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