Seller's Agent in 2023
Sana Kuchiersky
Elite Realty and Mortgage
(818) 717-0757
1 in this area
53 Total Sales
737 N Formosa Ave Los Angeles, CA 90046
Melrose NeighborhoodEstimated Value: $1,755,000 - $1,958,427
4
Beds
2.5
Baths
1,880
Sq Ft
$967/Sq Ft
Est. Value
Highlights
- Primary Bedroom Suite
- Traditional Architecture
- Granite Countertops
- Updated Kitchen
- Main Floor Bedroom
- No HOA
About This Home
As of October 2023Welcome to the spacious, light and bright, updated home located in the heart of Los Angles, Melrose District. This fantastic property features many desired elements and offer endless possibilities. As you enter through the front door, you will see sizeable grand living area with tons of windows allowing plenty of natural light. Beautiful laminate floors, recessed lighting, cozy fireplace, crown moldings, and neutral colors will complement any decor style. Gorgeous, spaciously open upgraded kitchen with granite countertops, ample storage space. and stainless-steel appliances. The in-kitchen dining room can accommodate a huge dining table and is perfect for entertaining. All four bedrooms are good size. The master suite with their own fully remodeled bathroom featuring granite counters, beautiful tilework, tub, enclosed glass shower, and double sinks. The other 2 bedrooms have a good size Jack & Jill bathroom and a generous built in storage/closet space. The fourth bedroom is currently used as an office and has an attached powder room and built in closet. There is an enclosed patio that adds extra space for entertaining, living, or any other purpose! Good size backyard has several structure/outbuildings that can be used as studio, gym, guest quarters, office. This home has so many desirable features and more. Endless opportunities for comfortable living and expansion. Located in the heart of the city and in close proximity to entertainment, dining, and shopping. Don't miss the opportunity to own this spectacular home in one of the best locations in the city!
Last Agent to Sell the Property
Elite Realty and Mortgage License #01871860 Listed on: 06/08/2023
Last Buyer's Agent
Elite Realty and Mortgage License #01871860 Listed on: 06/08/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $20,197
Year Built
- Built in 1925
Lot Details
- 7,700 Sq Ft Lot
- Wrought Iron Fence
- Wood Fence
- Brick Fence
- Density is up to 1 Unit/Acre
- Property is zoned LAR2
Home Design
- Traditional Architecture
- Turnkey
Interior Spaces
- 1,880 Sq Ft Home
- 1-Story Property
- Crown Molding
- Recessed Lighting
- Sliding Doors
- Entryway
- Living Room with Fireplace
- Formal Dining Room
- Home Office
- Laminate Flooring
- Neighborhood Views
Kitchen
- Updated Kitchen
- Eat-In Kitchen
- Gas Range
- Microwave
- Kitchen Island
- Granite Countertops
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- Primary Bedroom Suite
- Double Master Bedroom
- Remodeled Bathroom
- Granite Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
- Bathtub
- Walk-in Shower
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- Parking Available
- Driveway
Outdoor Features
- Covered Patio or Porch
- Separate Outdoor Workshop
- Outdoor Storage
- Outbuilding
Additional Features
- Accessible Parking
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 66
- Tax Tract Number 6005
- Assessor Parcel Number 5525011005
- $405 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 15, 2007
Sold by
Mazin Michael and Mazin Zinaida
Bought by
Mazin Michael
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
$359,650
Interest Rate
6.51%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 25, 1997
Sold by
Galam Mike
Bought by
Mazin Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
7.54%
Purchase Details
Closed on
Feb 27, 1996
Sold by
Rasi Enzo and Crain Aida Ione
Bought by
Galem Mike
Purchase Details
Closed on
May 9, 1995
Sold by
Calvetto Richard S and Calvetto Jeweldene B
Bought by
Galam Mike
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.59%
Purchase Details
Closed on
Nov 8, 1994
Sold by
Mootoosamy Ann L and Calvetto Richard S
Bought by
Calvetto Richard S
Purchase Details
Closed on
Sep 6, 1994
Sold by
Citiwide Inc
Bought by
Poon Kit F
Purchase Details
Closed on
Sep 5, 1994
Sold by
The Elmwood Corp
Bought by
Citiwide Inc
Purchase Details
Closed on
Jun 4, 1994
Sold by
Mootoosamy Ann L
Bought by
The Elmwood Corp and 9765 Baden Avenue Partnership
Purchase Details
Closed on
Apr 27, 1994
Sold by
Esl Properties Inc
Bought by
Mootoosamy Ann L
Purchase Details
Closed on
Feb 14, 1994
Sold by
Mootoosany Ann L
Bought by
Esl Properties Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.1%
Mortgage Type
Seller Take Back
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mazin Michael | -- | None Available | |
| Mazin Michael | $265,000 | Fidelity National Title Co | |
| Galem Mike | -- | Stewart Title | |
| Galam Mike | $232,500 | Stewart Title | |
| Calvetto Richard S | $104,839 | -- | |
| Calvetto Richard S | $104,839 | Stewart Title | |
| Poon Kit F | -- | -- | |
| Citiwide Inc | -- | -- | |
| The Elmwood Corp | -- | -- | |
| Mootoosamy Ann L | -- | -- | |
| Esl Properties Inc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shemtov Shneur Zalman | $1,416,000 | |
| Previous Owner | Mazin Michael N | $359,650 | |
| Previous Owner | Mazin Michael | $250,000 | |
| Previous Owner | Mazin Michael | $185,000 | |
| Previous Owner | Mazin Michael | $182,000 | |
| Previous Owner | Mazin Michael | $185,500 | |
| Previous Owner | Galam Mike | $184,000 | |
| Previous Owner | Esl Properties Inc | $115,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/17/2023 10/17/23 | Sold | $1,650,000 | -2.9% | $878 / Sq Ft |
| 10/04/2023 10/04/23 | Price Changed | $1,699,999 | 0.0% | $904 / Sq Ft |
| 08/28/2023 08/28/23 | Pending | -- | -- | -- |
| 08/17/2023 08/17/23 | For Sale | $1,699,999 | 0.0% | $904 / Sq Ft |
| 08/14/2023 08/14/23 | Pending | -- | -- | -- |
| 07/17/2023 07/17/23 | Price Changed | $1,699,999 | -5.6% | $904 / Sq Ft |
| 07/07/2023 07/07/23 | For Sale | $1,799,999 | 0.0% | $957 / Sq Ft |
| 07/05/2023 07/05/23 | Pending | -- | -- | -- |
| 06/28/2023 06/28/23 | Price Changed | $1,799,999 | -2.7% | $957 / Sq Ft |
| 06/08/2023 06/08/23 | For Sale | $1,850,000 | -- | $984 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $20,197 | $1,683,000 | $1,538,160 | $144,840 |
| 2024 | $20,197 | $1,650,000 | $1,508,000 | $142,000 |
| 2023 | $5,200 | $406,691 | $325,361 | $81,330 |
| 2022 | $4,970 | $398,718 | $318,982 | $79,736 |
| 2021 | $4,899 | $390,901 | $312,728 | $78,173 |
| 2019 | $4,757 | $379,308 | $303,453 | $75,855 |
| 2018 | $4,622 | $371,871 | $297,503 | $74,368 |
| 2016 | $4,406 | $357,432 | $285,951 | $71,481 |
| 2015 | $4,343 | $352,064 | $281,656 | $70,408 |
| 2014 | $4,365 | $345,168 | $276,139 | $69,029 |
Source: Public Records
Agents Affiliated with this Home
-
Sana Kuchiersky
-
Arkady Kuchiersky
A
Seller Co-Listing Agent in 2023
Arkady Kuchiersky
Elite Realty and Mortgage
(818) 717-0757
1 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR23099664
APN: 5525-011-005
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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