NOT LISTED FOR SALE

243 S Formosa Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $1,686,000 - $2,249,000

4 Beds
3 Baths
2,100 Sq Ft
$979/Sq Ft Est. Value

Last Sold September 03, 2013

Last sale price $1,212,000 $577 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $12,271/month

99 Days on Market

Highlights

  • Detached Guest House
  • Traditional Architecture
  • Converted Garage
  • Third Street Elementary School Rated A
  • Wood Flooring
  • Built-In Features

About This Home

As of September 2013

Wonderful 4 bedroom family home in popular Beverly Grove adjacent area. Bright entertainers' living room, lg. formal dining room, open kitchen with granite counters, ss appliances and wood cabinets. Center hall floor plan features 4 bedrooms and 3 baths including lg. master with walk-in closet, French doors to patio and private bath. French doors lead from the family room to covered patio and built-in bbq. Big grassy yard with ample room for pool. Converted detached garage/guest house with kitchenette, bathroom and washer/dryer. Hardwood floors throughout, crown moldings, w/d, closed-circuit security system/lighting, locking windows, central air, hedges and trees provide privacy. Exceptional value, non-contributing HPOZ status allows for remodel/2nd story add-on. Convenient to shopping, restaurants, Trader Joe's, The Grove, Melrose, transportation and places of worship.

Last Agent to Sell the Property

Mitchell P. Wallis

Compass License #01852913 Listed on: 04/23/2013

Co-Listed By

Matthew Irmas

Compass License #01833419

Last Buyer's Agent

Cecille Cohen

Coldwell Banker Realty License #00884530

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,815

Year Built

  • Built in 1946

Lot Details

  • 7,697 Sq Ft Lot
  • Property is zoned LAR1

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Center Hall
  • Wood Flooring
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Converted Garage
  • Driveway

Outdoor Features

  • Open Patio
  • Outdoor Grill

Additional Homes

  • Detached Guest House

Utilities

  • Air Conditioning
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 5512-025-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,815

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 2100
  • Stories: 1
  • Year Built: 1946
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 3
  • Laundry: In Closet
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Barbeque, Built-Ins, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 594.76

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 5512-025-012
  • Geocode Override: No
  • Lot Size Area: 7697

Rental Info

  • Land Lease Purchase Yn: Yes

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2017
Sold by
Raichik Lieba Devora
Bought by
Raichik Lieba Devora and Pinson Yasef Y
Current Estimated Value
$2,056,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,031,000
Outstanding Balance
$869,354
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$1,187,246

Purchase Details

Listed on
Apr 23, 2013
Closed on
Aug 5, 2013
Sold by
Berry Jonathan E
Bought by
Raichik Lieba Devora and Pinson Yasef
Seller's Agent
Mitchell P. Wallis
Compass
Buyer's Agent
Cecille Cohen
Coldwell Banker Realty
List Price
$1,299,000
Sold Price
$1,212,000
Premium/Discount to List
-$87,000
-6.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%

Purchase Details

Closed on
Sep 22, 2010
Sold by
Berry Michal Dakar
Bought by
Berry Jonathan E and Berry Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$860,700
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2004
Sold by
Walters Robert C
Bought by
Berry Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$808,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2002
Sold by
Dietch Bella
Bought by
Walters Robert C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
7.25%
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
Raichik Lieba Devora -- First American Title Company
Raichik Lieba Devora $1,212,000 Chicago Title Company
Berry Jonathan E -- Equity Title Los Angeles
Berry Jonathan $1,010,000 Fatcola
Walters Robert C $495,000 California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raichik Lieba Devora $1,031,000
Previous Owner Berry Jonathan E $860,700
Previous Owner Berry Jonathan $808,000
Previous Owner Walters Robert C $392,000
Closed Berry Jonathan $70,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2013 09/03/13 Sold $1,212,000 -3.0% $577 / Sq Ft
07/31/2013 07/31/13 Pending -- -- --
07/10/2013 07/10/13 Price Changed $1,249,000 -5.7% $595 / Sq Ft
06/03/2013 06/03/13 Price Changed $1,325,000 +2.0% $631 / Sq Ft
04/23/2013 04/23/13 For Sale $1,299,000 -- $619 / 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 $17,815 $1,485,736 $1,188,591 $297,145
2024 $17,815 $1,456,605 $1,165,286 $291,319
2023 $17,472 $1,428,045 $1,142,438 $285,607
2022 $16,660 $1,400,045 $1,120,038 $280,007
2021 $16,455 $1,372,594 $1,098,077 $274,517
2019 $15,962 $1,331,884 $1,065,508 $266,376
2018 $15,883 $1,305,769 $1,044,616 $261,153
2017 $15,538 $1,280,167 $1,024,134 $256,033
2016 $15,194 $1,255,066 $1,004,053 $251,013
2015 $14,971 $1,236,215 $988,972 $247,243
2014 $16,232 $1,212,000 $969,600 $242,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Mitchell P. Wallis

    Compass

  • M

    Seller Co-Listing Agent in 2013

    Matthew Irmas

    Compass

    Section Image
  • Cecille Cohen

    Buyer's Agent in 2013

    Cecille Cohen

    Coldwell Banker Realty

    (213) 810-9949

    4 in this area

    13 Total Sales

    Cecille Cohen
    Section Image
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Map

Source: The MLS

MLS Number: 13-667469

The MLS

APN: 5512-025-012

California Los Angeles County Los Angeles 90036 Melrose

243 S Formosa Ave, Los Angeles, CA

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