NOT LISTED FOR SALE

166 N Formosa Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $1,650,000 - $2,292,000

3 Beds
2.5 Baths
3,100 Sq Ft
$607/Sq Ft Est. Value

Highlights

  • Detached Guest House
  • Views of Trees
  • Wood Flooring
  • Third Street Elementary School Rated A
  • Contemporary Architecture
  • Built-In Features

About This Home

As of February 2021

New from-the-ground-up construction circa 2003 three bed 2.5 bath plus guesthouse in prime location. Lush palm trees create beautiful curb appeal. Double doors open to formal entry and wide open entertaining space. Extra high ceilings, fresh paint and hardwood floors, recessed lights, central AC, loads of sunshine throughout. Kosher kitchen with double sinks, double dishwasher drawers, double ovens, built-in breakfast table. Family room with built-ins off the kitchen. Master suite opens with French doors to grassy yard and features double closets and a lush bathroom with sunk-in spa tub & separate shower. Laundry room includes washer/dyer + built-in storage space. Garage converted to a studio apartment with kitchenette and bathroom. Best location walking distance to shops and restaurants on Beverly Blvd, La Brea Ave, and The Grove. Available immediately!

Last Agent to Rent the Property

Sheri Bienstock

The Bienstock Group License #01746994 Listed on: 01/17/2021

Last Renter's Agent

Sheri Bienstock

The Bienstock Group License #01746994 Listed on: 01/17/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,430

Year Built

  • Built in 1948

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50x132
  • Property is zoned LAR1

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,100 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Decorative Fireplace
  • Family Room
  • Living Room
  • Dining Area
  • Views of Trees

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Travertine

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway

Additional Features

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

Listing and Financial Details

  • Security Deposit $7,200
  • Tenant pays for cable TV, electricity, gas
  • 12 Month Lease Term
  • Assessor Parcel Number 5513-001-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,430

Year Built

Built in 1948

Lot Details

0

Rental Info

  • Security Deposit: 7200
  • Tenant Pays: Cable TV, Electricity, Gas

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary Mediterranean
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Advertising Remarks: New from-the-ground-up construction circa 2003 three bed 2.5 bath plus guesthouse in prime location. Lush palm trees create beautiful curb appeal. Double doors open to formal entry and wide open entertaining space. Extra high ceilings, fresh paint and hardwood floors, recessed lights, central AC, loads of sunshine throughout. Kosher kitchen with double sinks, double dishwasher drawers, double ovens, built-in breakfast table. Family room with built-ins off the kitchen. Master suite opens with French doors to grassy yard and features double closets and a lush bathroom with sunk-in spa tub & separate shower. Laundry room includes washer/dyer + built-in storage space. Garage converted to a studio apartment with kitchenette and bathroom. Best location walking distance to shops and restaurants on Beverly Blvd, La Brea Ave, and The Grove. Available immediately!
  • Lease Terms: 1+Year
  • Living Area: 3100
  • Lot Acreage: 0.1515
  • Lot Dimensions: 50x132
  • Stories: 1
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Hardwood, Travertine
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Closet, Inside
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 2.32

Exterior Features

  • Guest House: Detached
  • Pool: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Parking Garage: Driveway
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5513-001-007
  • Lot Size Area: 6600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2025
Sold by
Nehmad Mizrahi Chana
Bought by
Mizrahi Alon Menashe
Current Estimated Value
$1,882,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Outstanding Balance
$1,360,166
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$522,560

Purchase Details

Closed on
Jun 28, 2019
Sold by
Nehmad Mizrahi Alon and Nehmad Mizrahi Chana
Bought by
166 North Formosa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2002
Sold by
Mizrahi Emanuel and Mizrahi Alon
Bought by
Mizrahi Alon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.85%

Purchase Details

Closed on
Sep 10, 2001
Sold by
Mizrahi Emanuel
Bought by
Mizrahi Emanuel

Purchase Details

Closed on
Feb 22, 2000
Sold by
Mizrahi Kitty
Bought by
Mizrahi Emanuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,095
Interest Rate
4.95%

Purchase Details

Closed on
Feb 4, 2000
Sold by
Horowitz Trust and Jay
Bought by
Mizrahi Emanuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,095
Interest Rate
4.95%
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
Mizrahi Alon Menashe -- Provident Title Company
Mizrahi Alon -- Provident Title Company
166 North Formosa Llc -- North American Title
Mizrahi Alon -- Commonwealth Land Title Co
Mizrahi Alon -- Commonwealth Land Title Co
Mizrahi Emanuel -- Equity Title
Mizrahi Emanuel -- Southland Title Company
Mizrahi Emanuel $405,000 Southland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mizrahi Alon $1,365,000
Previous Owner 166 North Formosa Llc $1,000,000
Previous Owner Mizrahi Alon $375,000
Previous Owner Mizrahi Emanuel $364,095
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2021 02/01/21 Rented $7,200 0.0% --
01/17/2021 01/17/21 For Rent $7,200 -7.1% --
10/10/2018 10/10/18 Rented $7,750 -2.5% --
08/09/2018 08/09/18 For Rent $7,950 +6.0% --
08/02/2015 08/02/15 Rented $7,500 0.0% --
07/11/2015 07/11/15 For Rent $7,500 -- --
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 $8,430 $688,399 $452,044 $236,355
2024 $8,430 $674,902 $443,181 $231,721
2023 $8,273 $661,670 $434,492 $227,178
2022 $7,896 $648,697 $425,973 $222,724
2021 $22,347 $1,874,217 $1,313,468 $560,749
2020 $7,873 $629,458 $413,339 $216,119
2019 $7,566 $617,117 $405,235 $211,882
2018 $7,466 $605,018 $397,290 $207,728
2016 $7,137 $581,525 $381,863 $199,662
2015 $7,034 $572,791 $376,128 $196,663
2014 $7,064 $561,572 $368,761 $192,811
Source: Public Records

Agents Affiliated with this Home

  • Sheri Bienstock

    Landlord's Agent in 2021

    Sheri Bienstock

    The Bienstock Group

    (323) 310-2525

    39 in this area

    218 Total Sales

    Sheri Bienstock
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Map

Source: The MLS

MLS Number: 21-678604

The MLS

APN: 5513-001-007

California Los Angeles County Los Angeles 90036 Melrose

166 N Formosa Ave, Los Angeles, CA

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