521 N Formosa Ave Los Angeles, CA 90036
Melrose NeighborhoodEstimated payment $19,371/month
Total Views
2,615
4
Beds
5
Baths
2,724
Sq Ft
$1,101
Price per Sq Ft
Highlights
- Guest House
- Den with Fireplace
- Spanish Architecture
- Heated In Ground Pool
- Wood Flooring
- No HOA
About This Home
Elegantly transformed and rich in character, this gated single-story Spanish residence blends classic 1920s architecture with finely crafted modern updates. The main house offers 3 bed and 3.5 bath, while the newly built ADU includes 1 bed (no closet) and 1 bathperfect for guests, a gym, or home office. Behind the gates, a beautifully landscaped front courtyard with a fire feature sets the tone for the warm welcome. The light-filled living room features soaring beamed ceilings and a dramatic fireplace, flowing into a generous dining room and marble-clad chef's kitchen with custom cabinetry, high-end appliances, and built-in breakfast nook. The spacious primary suite boasts a walk-in closet, designer bath, and glass doors opening to the private backyard with new ficus hedges, swimmer's pool, jacuzzi, and waterfall. Premium finishes include wide-plank hardwood floors, tall interior doors, surround sound, security system with CCTV, and sleek fixtures throughout. The ADU features a luxe outdoor kitchen, bar area, and a rooftop deck with views of the Hollywood Sign. Home was completely remodeled in 2022. 521 N Formosa Ave is a rare opportunity you won't want to miss. Schedule your private showing today. Property is also listed for lease.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $36,746
Year Built
- Built in 1925
Lot Details
- 6,162 Sq Ft Lot
- Lot Dimensions are 40x154
- Property is zoned LAR1
Home Design
- Spanish Architecture
Interior Spaces
- 2,724 Sq Ft Home
- 1-Story Property
- Built-In Features
- Gas Fireplace
- Family Room
- Living Room
- Dining Room
- Den with Fireplace
- Wood Flooring
- Property Views
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- Powder Room
- 5 Full Bathrooms
Laundry
- Laundry closet
- Dryer
- Washer
Parking
- 2 Parking Spaces
- Driveway
Pool
- Heated In Ground Pool
- Heated Spa
Utilities
- Central Heating and Cooling System
- Water Purifier
Additional Features
- Outdoor Grill
- Guest House
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5525-023-008
Map
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Home Values in the Area
Average Home Value in this Area
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 | $36,746 | $3,090,236 | $2,029,028 | $1,061,208 |
| 2024 | $36,746 | $3,029,644 | $1,989,244 | $1,040,400 |
| 2023 | $36,029 | $2,970,240 | $1,950,240 | $1,020,000 |
| 2022 | $15,800 | $1,329,429 | $1,063,544 | $265,885 |
| 2021 | $15,608 | $1,303,363 | $1,042,691 | $260,672 |
| 2020 | $15,770 | $1,290,000 | $1,032,000 | $258,000 |
| 2019 | $3,076 | $244,345 | $151,538 | $92,807 |
| 2018 | $2,992 | $239,555 | $148,567 | $90,988 |
| 2016 | $2,850 | $230,254 | $142,799 | $87,455 |
| 2015 | $2,809 | $226,797 | $140,655 | $86,142 |
| 2014 | $2,827 | $222,355 | $137,900 | $84,455 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | For Sale | $2,999,000 | +3.0% | $1,101 / Sq Ft |
| 03/21/2022 03/21/22 | Sold | $2,912,000 | -2.8% | $1,144 / Sq Ft |
| 02/22/2022 02/22/22 | Pending | -- | -- | -- |
| 01/13/2022 01/13/22 | For Sale | $2,995,000 | +132.2% | $1,177 / Sq Ft |
| 12/24/2019 12/24/19 | Sold | $1,290,000 | -7.8% | $870 / Sq Ft |
| 11/27/2019 11/27/19 | Pending | -- | -- | -- |
| 10/07/2019 10/07/19 | For Sale | $1,399,000 | -- | $944 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Provident Title | |
| Grant Deed | $2,912,000 | Provident Title | |
| Interfamily Deed Transfer | -- | Provident Title Company | |
| Grant Deed | $1,290,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,250,000 | New Conventional | |
| Previous Owner | $1,690,000 | New Conventional | |
| Previous Owner | $2,275,000 | Commercial | |
| Previous Owner | $265,000 | New Conventional | |
| Previous Owner | $30,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $20,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $233,000 | New Conventional | |
| Previous Owner | $229,500 | Unknown | |
| Previous Owner | $50,000 | Stand Alone Second | |
| Previous Owner | $175,000 | Unknown | |
| Previous Owner | $65,000 | Credit Line Revolving | |
| Previous Owner | $40,000 | Credit Line Revolving | |
| Previous Owner | $106,000 | Unknown | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25562429
APN: 5525-023-008
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© 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.
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