$1,435,000 - $4,140,000
RENTED JAN 29, 2025

507 N Formosa Ave Los Angeles, CA 90036

Melrose Neighborhood
4 Beds
3 Baths
2,236 Sq Ft
$1,121 Price per Sq Ft

Highlights

  • Private Dock
  • In Ground Pool
  • Family Room with Fireplace
  • Detached Guest House
  • Contemporary Architecture
  • Furnished

About This Home

As of January 2025

This home and all our listings are available immediately to assist displaced victims from the fires. Available fully furnished and turnkey for short, midterm, or long term lease! Spanish Gem on the outside, fully renovated and transformed into a modern masterpiece on the inside! You will be wowed the moment you walk through the front door and step foot into the large open floor plan, beautifully lit up by all the windows, recessed lighting, and panoramic folding patio doors that create an indoor/outdoor living space with a brand new deck. Fully custom kitchen with new stainless steel Bosch & Thermador appliances, sleek cabinetry, and unique quartzite island with convenient bar seating. Large laundry room the size of a bedroom with ample storage space located conveniently behind the kitchen. 2 spacious bedrooms, and 2 full bathrooms downstairs, 2 bedrooms including a master suite with a private patio overlooking the pool upstairs. Plenty of mature and lush landscaping, with fruit trees in the front and backyard. This property has one of the largest lots in the area and also features a heated saltwater pool and spa. BONUS FULL BATHROOM IN THE BACKYARD BY THE POOL INCLUDED. Additionally, a guest house is now available for rent! All this is located in the heart of West Hollywood, within walking distance to LA's hottest restaurants and shopping, and minutes from the Grove and all that Beverly Hills has to offer.

Last Agent to Rent the Property

Nicoleta Chipercean

LA Estate Brokerage License #02164636 Listed on: 09/23/2024

Co-Listed By

Patrick Michael

LA Estate Brokerage License #01706579

Last Renter's Agent

Nicoleta Chipercean

LA Estate Brokerage License #02164636 Listed on: 09/23/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,723

Year Built

  • Built in 1925

Lot Details

  • 7,701 Sq Ft Lot
  • Lot Dimensions are 50x154
  • Gated Home
  • Back Yard
  • Property is zoned LAR1

Home Design

  • Contemporary Architecture
  • Split Level Home

Interior Spaces

  • 2,236 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Parking

  • 4 Parking Spaces
  • Driveway

Outdoor Features

  • In Ground Pool
  • Private Dock
  • Balcony

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Security Deposit $13,500
  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5525-023-011

Community Details

Amenities

  • Community Fire Pit

Recreation

  • Boat Dock
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,723

Year Built

Built in 1925

Lot Details

0

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Furnished: Furnished
  • Security Deposit: 13500
  • Tenant Pays: Cable TV, Electricity, Gas

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Single Family Or Apt: Single Family
  • Levels: Multi/Split, Two
  • Street Number Display: Yes
  • Lease Terms: 12 Months
  • Living Area: 2236
  • Lot Acreage: 0.1768
  • Lot Dimensions: 50x154
  • Stories: 1
  • Year Built: 1925
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Living Room
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Dishwasher, Dryer, Microwave, Refrigerator
  • Price Per S Q F T: 6.04

Exterior Features

  • Other Features: Balcony, Dock Private
  • Guest House: Detached
  • Pool Description: In Ground
  • Pool: Yes
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central, Natural Gas
  • Security: Gated

Association/Amenities

  • Amenities: Dock, Pool, Fire Pit
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5525-023-011
  • Lot Description: Back Yard
  • Lot Size Area: 7701

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2018
Sold by
Gamarnik Leonid
Bought by
Shampansky Eugene and Shampansky Yana
Current Estimated Value
$2,506,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2017
Sold by
Shampansky Eugene
Bought by
Shampansky Eugene and Shampansky Yana

Purchase Details

Closed on
Feb 14, 2006
Sold by
Shampansky Eugene
Bought by
Shampansky Yana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2006
Sold by
Gamarnik Leonid
Bought by
Shampansky Yana and Gamarnik Leonid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2004
Sold by
Gamarnik Leonid
Bought by
Gamarnik Leonid and Leonid Gamarnik Separate Property Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,600
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2001
Sold by
Gamarnik Leonid
Bought by
Gamarnik Leonid and Leonid Gamarnik Separate Property Trust

Purchase Details

Closed on
Oct 28, 1997
Sold by
Trust Fishman, Gdalia And Aaron Trs Fishm
Bought by
Gamarnik Eonid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
7.36%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shampansky Eugene -- Provident Title Company
Shampansky Eugene -- None Available
Shampansky Yana -- Financial Title Company
Shampansky Yana -- Financial Title Company
Gamarnik Leonid -- Stewart Title Of Ca Inc
Gamarnik Leonid -- Stewart Title Of Ca Inc
Gamarnik Leonid -- --
Gamarnik Eonid $333,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shampansky Family Trust $350,000
Closed Shampansky Family Trust $71,723
Open Shampansky Eugene $1,450,000
Closed Shampansky Eugene $1,100,000
Previous Owner Shampansky Yana $1,100,000
Previous Owner Gamarnik Leonid $259,600
Previous Owner Gamarnik Leonid $270,000
Previous Owner Gamarnik Eonid $266,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2025 01/29/25 Rented $14,000 +3.7% --
09/23/2024 09/23/24 For Rent $13,500 +22.7% --
08/10/2023 08/10/23 Rented $11,000 0.0% --
07/05/2023 07/05/23 Price Changed $11,000 -4.3% $4 / Sq Ft
01/23/2023 01/23/23 Price Changed $11,500 -8.0% $5 / Sq Ft
11/02/2022 11/02/22 For Rent $12,500 -- --
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 $6,723 $531,697 $425,367 $106,330
2024 $6,723 $521,273 $417,027 $104,246
2023 $6,603 $511,052 $408,850 $102,202
2022 $6,311 $501,033 $400,834 $100,199
2021 $6,224 $491,210 $392,975 $98,235
2019 $6,046 $476,642 $381,320 $95,322
2018 $5,784 $467,297 $373,844 $93,453
2017 $5,661 $458,135 $366,514 $91,621
2016 $5,515 $449,153 $359,328 $89,825
2015 $5,435 $442,407 $353,931 $88,476
2014 $5,460 $433,741 $346,998 $86,743
Source: Public Records

Agents Affiliated with this Home

  • P

    Landlord's Co-Listing Agent in 2025

    Patrick Michael

    LA Estate Brokerage

    (310) 877-7997

    7 Total Sales

    Patrick Michael
    Section Image
  • Sally Forster Jones

    Buyer Co-Listing Agent in 2025

    Sally Forster Jones

    Compass

    (310) 341-7238

    9 in this area

    380 Total Sales

    Sally Forster Jones
    Section Image

  • L

    Seller's Agent in 2023

    Liana Tikhonov

    Parkway Estate Properties Inc

    (818) 970-0050

    22 Total Sales

    Liana Tikhonov
    Section Image

  • R

    Seller Co-Listing Agent in 2023

    Roman Shersher

    Parkway Estate Properties Inc

    (818) 970-0050

    22 Total Sales

    Roman Shersher
    Section Image

  • M

    Buyer's Agent in 2023

    Megan Young

See All Agents

Map

Source: The MLS

MLS Number: 24-443571

The MLS

APN: 5525-023-011

California Los Angeles County Los Angeles 90036 Melrose

507 N Formosa Ave, Los Angeles, CA

This home is located at 507 N Formosa Ave, Los Angeles, CA 90036 since 23 September 2024 and is currently priced at $2,506,210. This property was built in 1925. 507 N Formosa Ave is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Yeshiva Rav Isacsohn / Torath Em.

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.

The MLS © 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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