603 N Formosa Ave Los Angeles, CA 90036
Melrose Neighborhood
3
Beds
2
Baths
1,599
Sq Ft
4,952
Sq Ft Lot
Highlights
- Guest House
- Wood Flooring
- No HOA
- Living Room with Fireplace
- Spanish Architecture
- Laundry Room
About This Home
As of April 2025Welcome to your dream home in the heart of Beverly Center/Miracle Mile, just half a block from the vibrant Melrose Avenue. This exquisite Spanish-style corner lot residence seamlessly blends classic charm with modern amenities, offering 3 spacious bedrooms and 2 luxurious bathrooms in the main house measuring 1399 sq ft. with a one bedroom permitted bonus room. As you step inside, you'll be greeted by gleaming hardwood floors that flow throughout the open-concept living space with the space planned by famous interior designer. The expansive living room, adorned with traditional Spanish architectural details, leads effortlessly into the gourmet kitchen with custom cabinetry. Outside, the property boasts a private front yard oasis with meyer lemon and orange trees, ideal for alfresco dining or simply unwinding under the California sun. The home's prime location places you within walking distance of trendy shops, renowned restaurants, and cultural landmarks like the Melrose and Fairfax Districts, The Grove and Fairfax High School encapsulating the dynamic lifestyle of Los Angeles. Experience the perfect fusion of historic elegance and contemporary living in this remarkable Spanish-style home.
Last Agent to Sell the Property
Palm Realty Boutique Inc. License #01998409 Listed on: 02/14/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,063
Year Built
- Built in 1926
Lot Details
- 4,952 Sq Ft Lot
- Lot Dimensions are 50x99
- Property is zoned LAR1
Home Design
- Spanish Architecture
Interior Spaces
- 1,599 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Dining Area
- Laundry Room
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- 1 Parking Space
- Carport
Additional Features
- Guest House
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5525-014-014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 28, 1997
Sold by
Hornstein Bette
Bought by
Hornstein Bette and The Bette Hornstein 1997 Trust
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
$168,000
Interest Rate
7.26%
Purchase Details
Closed on
Feb 17, 1997
Sold by
Hornstein Bette
Bought by
Hornstein Bette and Bette Hornstein 1997 Trust
Purchase Details
Closed on
Oct 19, 1996
Sold by
Weissenberg Ben
Bought by
Hornstein Bette
Similar Homes in Los Angeles, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $236,575 | New Conventional | |
| Closed | $250,000 | Credit Line Revolving | |
| Closed | $150,000 | Credit Line Revolving | |
| Closed | $263,550 | Unknown | |
| Closed | $100,000 | Credit Line Revolving | |
| Closed | $85,000 | Credit Line Revolving | |
| Closed | $168,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2025 04/22/25 | Sold | $1,580,000 | -7.1% | $988 / Sq Ft |
| 03/24/2025 03/24/25 | Pending | -- | -- | -- |
| 02/14/2025 02/14/25 | For Sale | $1,699,950 | -- | $1,063 / Sq Ft |
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 | $7,063 | $577,747 | $488,940 | $88,807 |
| 2024 | $7,063 | $566,419 | $479,353 | $87,066 |
| 2023 | $6,932 | $555,313 | $469,954 | $85,359 |
| 2022 | $6,616 | $544,426 | $460,740 | $83,686 |
| 2021 | $6,530 | $533,752 | $451,706 | $82,046 |
| 2019 | $6,337 | $517,922 | $438,309 | $79,613 |
| 2018 | $6,278 | $507,767 | $429,715 | $78,052 |
| 2016 | $6,001 | $488,052 | $413,030 | $75,022 |
| 2015 | $5,914 | $480,722 | $406,826 | $73,896 |
| 2014 | $5,941 | $471,306 | $398,857 | $72,449 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Palzis
Seller's Agent in 2025
Christopher Palzis
Palm Realty Boutique Inc.
(310) 642-7653
1 in this area
51 Total Sales
-
Michael Work
M
Seller Co-Listing Agent in 2025
Michael Work
Michael Work
(424) 225-1750
1 in this area
5 Total Sales
-
Rafael Cohen
Buyer's Agent in 2025
Rafael Cohen
Rafael & Associates Co.
(310) 467-5993
2 in this area
27 Total Sales
Map
Source: The MLS
MLS Number: 25497431
APN: 5525-014-014
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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.
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.
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