NOT LISTED FOR SALE

717 N Formosa Ave Los Angeles, CA 90046

Melrose Neighborhood

Estimated Value: $1,568,000 - $2,227,424

4 Beds
3 Baths
1,648 Sq Ft
$1,143/Sq Ft Est. Value

Last Sold October 26, 2017

Last sale price $1,337,500 $812 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $11,844/month

46 Days on Market

Highlights

  • Deck
  • Spanish Architecture
  • Granite Countertops
  • Wood Flooring
  • Bonus Room
  • No HOA

About This Home

As of October 2017

Whether you're looking for the perfect property for multi-generational living or need bonus living spaces to grow into, this Spanish style multi-building compound presents the perfect West Hollywood opportunity. Impeccably maintained and updated, the main home retains original details throughout with arched doorways and windows, hardwood floors, and artisan tile work. Two bedrooms feature double doors that open to private patio spaces and large closets that feature custom organization. The open floor plan living and dining room leads to a generously sized kitchen featuring ample counter space, and double doors leading to the well-designed multi-level courtyard deck. Nestled between the front and back house is an ideal studio space with a bathroom large enough for creative endeavors or to be used as a private master suite. At the rear of the property sits the two bedroom, one bath home with hardwood floors, washer/dryer hookups, and a well-defined outside patio space.

Last Agent to Sell the Property

Stephanie Younger

Compass License #01365696 Listed on: 08/11/2017

Compass

Last Buyer's Agent

Michael Schneider

Michael Schneider License #01700610

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,254

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 6,160 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned LAR2

Home Design

  • Spanish Architecture
  • Split Level Home
  • Combination Foundation
  • Stucco

Interior Spaces

  • 1,648 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Bonus Room
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Driveway

Eco-Friendly Details

  • Solar Heating System

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5525-011-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,254

Year Built

Built in 1928 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: Multi/Split, One
  • Street Number Display: Yes
  • Advertising Remarks: Whether you're looking for the perfect property for multi-generational living or need bonus living spaces to grow into, this Spanish style multi-building compound presents the perfect West Hollywood opportunity. Impeccably maintained and updated, the main home retains original details throughout with arched doorways and windows, hardwood floors, and artisan tile work. Two bedrooms feature double doors that open to private patio spaces and large closets that feature custom organization. The open floor plan living and dining room leads to a generously sized kitchen featuring ample counter space, and double doors leading to the well-designed multi-level courtyard deck. Nestled between the front and back house is an ideal studio space with a bathroom large enough for creative endeavors or to be used as a private master suite. At the rear of the property sits the two bedroom, one bath home with hardwood floors, washer/dryer hookups, and a well-defined outside patio space.
  • Entry Floor: 1
  • Entry Location: Living Room
  • Living Area: 1648
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1928
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Hardwood
  • Appliances: Range
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Kitchen Features: Granite Counters
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 879.85

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Foundation Details: Combination
  • Fence: Block
  • Patio: Concrete Slab, Deck(s)
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Air Conditioning, Ceiling Fan, Wall Unit(s)
  • Heating: Solar
  • Sewer: In Street
  • Water: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5525-011-009
  • Geocode Override: No
  • Lot Size Area: 6160

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2022
Sold by
Mk Living Trust
Bought by
Mk Living Trust
Current Estimated Value
$1,882,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$470,710
Interest Rate
5.55%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,412,146

Purchase Details

Closed on
May 21, 2021
Sold by
Schneider Michael and Schneider Katerina
Bought by
Schneider Michael and Schneider Katerina Markov

Purchase Details

Listed on
Aug 11, 2017
Closed on
Oct 12, 2017
Sold by
Blodgett Paul S and Granberg Birgitta M
Bought by
Schneider Michael and Schneider Katerina
Seller's Agent
Stephanie Younger
Compass
Buyer's Agent
Michael Schneider
Michael Schneider
List Price
$1,499,000
Sold Price
$1,337,500
Premium/Discount to List
-$161,500
-10.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%
Original Mortgage
$1,070,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 24, 2016
Sold by
Blodgett Paul and Granberg Birgitta M
Bought by
P Blodgett & B Granberg Living Trust

Purchase Details

Listed on
May 13, 2015
Closed on
Jul 6, 2015
Sold by
Fetter Bruce A and Fetter Lynn D
Bought by
Blodgett Paul and Granberg Birgitta M
Seller's Agent
Pierre Stooss - EcoBroker
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Mickey Kessler
Coldwell Banker Realty
List Price
$1,250,000
Sold Price
$1,263,000
Premium/Discount to List
$13,000
1.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.06%
Original Mortgage
$947,250
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2008
Sold by
Fetter Bruce A and Fetter Lynn D
Bought by
Fetter Bruce A and Fetter Lynn D

Purchase Details

Closed on
Jul 20, 2006
Sold by
Balaban Susan
Bought by
Fetter Bruce A and Fetter Lynn D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2005
Sold by
Abrams Jared
Bought by
Balaban Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2004
Sold by
Abrams Jared
Bought by
Balaban Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,750
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2004
Sold by
Arviv Nezi Nisim and Arviv Michal F
Bought by
Balaban Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,750
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2002
Sold by
Arviv Nezi Nisim
Bought by
Arviv Nezi Nisim and Arviv Michal F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.75%

Purchase Details

Closed on
Aug 27, 2002
Sold by
Arviv Nezi Nisim and Arviv Michal F
Bought by
Arviv Nezi Nisim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.75%
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
Mk Living Trust -- Commonwealth Land Title
Schneider Michael -- Amrock Inc
Schneider Michael $1,337,500 Fidelity National Title
P Blodgett & B Granberg Living Trust -- None Available
Blodgett Paul $1,263,000 California Title Company
Fetter Bruce A -- None Available
Fetter Bruce A $1,075,000 California Title Company
Balaban Susan -- New Century Title S A
Balaban Susan -- Southland Title
Balaban Susan $721,000 Southland Title
Arviv Nezi Nisim -- American Title Co
Arviv Nezi Nisim -- American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mk Living Trust $500,000
Previous Owner Schneider Michael $1,030,000
Previous Owner Schneider Katerina $262,000
Previous Owner Schneider Michael $1,070,000
Previous Owner Blodgett Paul S $440,000
Previous Owner Blodgett Paul $947,250
Previous Owner Fetter Bruce A $775,000
Previous Owner Balaban Susan $650,000
Previous Owner Balaban Susan $145,000
Previous Owner Balaban Susan $171,500
Previous Owner Balaban Susan $540,750
Previous Owner Arviv Nezi Nisim $400,000
Previous Owner Arviv Nezi Nisim $289,600
Previous Owner Arviv Nezi Nisim $199,400
Closed Balaban Susan $108,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2017 10/26/17 Sold $1,337,500 -7.8% $812 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
09/08/2017 09/08/17 Price Changed $1,450,000 -3.3% $880 / Sq Ft
08/11/2017 08/11/17 For Sale $1,499,000 +18.7% $910 / Sq Ft
08/19/2015 08/19/15 Sold $1,263,000 +1.0% $766 / Sq Ft
05/13/2015 05/13/15 For Sale $1,250,000 -- $758 / 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 $19,254 $1,608,617 $1,251,610 $357,007
2024 $19,254 $1,577,076 $1,227,069 $350,007
2023 $18,882 $1,546,154 $1,203,009 $343,145
2022 $18,005 $1,515,838 $1,179,421 $336,417
2021 $17,779 $1,486,117 $1,156,296 $329,821
2020 $17,962 $1,470,880 $1,144,440 $326,440
2019 $16,270 $1,363,740 $1,122,000 $241,740
2018 $16,221 $1,337,000 $1,100,000 $237,000
2016 $14,705 $1,216,651 $905,416 $311,235
2015 $14,490 $1,198,376 $891,816 $306,560
2014 $14,238 $1,150,000 $856,300 $293,700
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Younger

    Seller's Agent in 2017

    Stephanie Younger

    Compass

    (310) 499-2020

    1 in this area

    887 Total Sales

    Stephanie Younger
    Section Image

  • M

    Buyer's Agent in 2017

    Michael Schneider

    Michael Schneider

  • P

    Seller's Agent in 2015

    Pierre Stooss - EcoBroker

    Berkshire Hathaway HomeServices California Properties

    (310) 829-0629

    19 Total Sales

    Pierre Stooss - EcoBroker
    Section Image
  • Mickey Kessler

    Buyer's Agent in 2015

    Mickey Kessler

    Coldwell Banker Realty

    (310) 367-2322

    33 Total Sales

    Mickey Kessler
    Section Image
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Map

Source: The MLS

MLS Number: 17-260284

The MLS

APN: 5525-011-009

California Los Angeles County Los Angeles 90046 Melrose

717 N Formosa Ave, Los Angeles, CA

This home is located at 717 N Formosa Ave, Los Angeles, CA 90046 since 11 August 2017 and is currently estimated at $1,882,856, approximately $1,142 per square foot. This property was built in 1928. 717 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.
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