NOT LISTED FOR SALE

7198 Formosa Fusion Ct Los Angeles, CA 90046

Melrose Neighborhood

Estimated Value: $1,326,000 - $1,966,000

3 Beds
4 Baths
1,573 Sq Ft
$988/Sq Ft Est. Value

Last Sold March 12, 2020

Last sale price $1,200,000 $763 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $9,549/month

Highlights

  • City View
  • 1 Car Attached Garage
  • Outdoor Grill
  • Engineered Wood Flooring
  • Built-In Features
  • Central Heating and Cooling System

About This Home

As of July 2024

Indulge in the epitome of luxury living within this flawlessly crafted 3-bedroom, 4-bathroom sanctuary. A private two-car garage awaits, offering ample space for storage or the creation of a personal gym, complete with an electric car charging hook-up. Seamlessly transition to the lower level office or potential third bedroom, boasting its private bathroom and balcony. Ascend to the second level and be embraced by an expansive living area, illuminated by natural light pouring in through towering windows. A convenient powder room awaits guests, flowing effortlessly into the sleek chef's kitchen adorned with stainless steel appliances and a walk-in pantry. Bask in sunlight on the sun-drenched balcony, featuring a charming barbecue area. The third level unveils the pinnacle of relaxation in the exquisite main bedroom with ensuite bathrooms and a spacious walk-in closet. Adjacent, an additional bedroom awaits with its dedicated bathroom, ensuring the utmost comfort for visitors. Conveniently located on this level, a washer and dryer offer added convenience. Beyond its elegant architectural design, this newer construction boasts meticulous craftsmanship and modern amenities, promising a maintenance-free urban lifestyle perfectly tailored for the dynamic city dweller. Nestled in the heart of West Hollywood, just moments from the city's premier attractions, dining, and shopping, this property stands as a true gem, a must-see for those in pursuit of luxury living at its finest. Available for lease furnished or unfurnished.

Last Agent to Rent the Property

Ivan Perez

Sync Brokerage, Inc. License #01952891 Listed on: 05/03/2024

Last Renter's Agent

Ivan Perez

Sync Brokerage, Inc. License #01952891 Listed on: 05/03/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,625

Year Built

  • Built in 2015

Lot Details

  • 1,687 Sq Ft Lot
  • Property is zoned LAR3

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,573 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Ceiling Fan
  • Engineered Wood Flooring
  • City Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • Outdoor Grill
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $5,850
  • Tenant pays for insurance, gas, electricity, water
  • 12 Month Lease Term
  • Assessor Parcel Number 5525-003-033

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,625

Year Built

Built in 2015

Lot Details

0

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Deposit Key: 100.00
  • Furnished: Furnished Or Unfurnished
  • Security Deposit: 5850
  • Tenant Pays: Insurance, Gas, Electricity, Water

Listing Details

  • Property Type: Residential Lease
  • Single Family Or Apt: Single Family
  • Levels: Three Or More
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 1573
  • Lot Acreage: 0.0387
  • Year Built: 2015
  • Number Of Photos: 37
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring: Engineered Hardwood
  • Bedrooms: 3
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Refrigerator, Range/Oven, Dishwasher, Dryer, Washer, Ceiling Fan, Built-Ins, Barbeque, Microwave
  • Price Per S Q F T: 3.62

Exterior Features

  • Pool: No
  • View: City
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Garage Is Attached
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5525-003-033
  • Lot Size Area: 1687

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2020
Closed on
Feb 9, 2020
Sold by
Tanner Chang B and The 2012 Chang B Tanner Trust
Bought by
Martinov Ilia
Seller's Agent
Jean Tanner
NATIONAL REALTY GROUP
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$1,229,900
Sold Price
$1,200,000
Premium/Discount to List
-$29,900
-2.43%
Current Estimated Value
$1,553,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,875
Avg. Annual Appreciation
4.72%
Original Mortgage
$900,000
Outstanding Balance
$795,362
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$758,513

Purchase Details

Closed on
Sep 23, 2016
Sold by
Tanner Jacqueline K and Tanner Chang B
Bought by
Tanner Chang B and The 2012 Chang B Tanner Trust

Purchase Details

Listed on
Jun 30, 2016
Closed on
Jul 7, 2016
Sold by
Formosa Zzmm Llc
Bought by
Tanner Jacqueline K and Tanner Chang B
Seller's Agent
Yitzy Pearson
Pearson Affiliated, Inc.
Buyer's Agent
JEAN TANNER
List Price
$1,100,000
Sold Price
$1,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.79%
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
Martinov Ilia $1,200,000 Wfg National Title Company
Tanner Chang B -- None Available
Tanner Jacqueline K $1,100,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinov Ilia $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/06/2024 07/06/24 Rented $5,700 0.0% --
05/09/2024 05/09/24 Price Changed $5,700 -2.6% $4 / Sq Ft
05/03/2024 05/03/24 For Rent $5,850 0.0% --
03/12/2020 03/12/20 Sold $1,200,000 -2.4% $763 / Sq Ft View Prior Sale
02/09/2020 02/09/20 Price Changed $1,229,000 -0.1% $781 / Sq Ft
02/08/2020 02/08/20 For Sale $1,229,900 +11.8% $782 / Sq Ft
08/30/2016 08/30/16 For Sale $1,100,000 0.0% --
07/08/2016 07/08/16 Sold $1,100,000 -- -- View Prior Sale
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 $15,625 $1,312,369 $1,049,897 $262,472
2024 $15,625 $1,286,637 $1,029,311 $257,326
2023 $15,323 $1,261,410 $1,009,129 $252,281
2022 $14,606 $1,236,678 $989,343 $247,335
2021 $14,426 $1,212,431 $969,945 $242,486
2020 $14,185 $1,167,328 $817,130 $350,198
2019 $13,614 $1,144,440 $801,108 $343,332
2018 $13,559 $1,122,000 $785,400 $336,600
2016 $1,378 $114,250 $114,250 $0
Source: Public Records

Agents Affiliated with this Home

  • Ivan Perez

    Landlord's Agent in 2024

    Ivan Perez

    Sync Brokerage, Inc.

    (818) 242-6422

    20 Total Sales

    Ivan Perez
    Section Image
  • Jean Tanner

    Seller's Agent in 2020

    Jean Tanner

    NATIONAL REALTY GROUP

    (951) 850-1700

    97 Total Sales

    Jean Tanner
    Section Image

  • O

    Buyer's Agent in 2020

    OUT OF AREA

    OUT OF AREA

  • Yitzy Pearson

    Seller's Agent in 2016

    Yitzy Pearson

    Pearson Affiliated, Inc.

    (323) 892-8453

    1 in this area

    3 Total Sales

    Yitzy Pearson
    Section Image
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Map

Source: The MLS

MLS Number: 24-388027

The MLS

APN: 5525-003-033

California Los Angeles County Los Angeles 90046 Melrose

7198 Formosa Fusion Ct, Los Angeles, CA

This home is located at 7198 Formosa Fusion Ct, Los Angeles, CA 90046 since 03 May 2024 and is currently priced at $1,553,875. This property was built in 2015. 7198 Formosa Fusion Ct is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Yeshiva Rav Isacsohn / Torath Em.

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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.
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