NOT LISTED FOR SALE

818 N Formosa Ave Los Angeles, CA 90046

Melrose Neighborhood

Estimated Value: $1,426,000 - $2,398,000

2 Beds
3.5 Baths
2,155 Sq Ft
$829/Sq Ft Est. Value

Last Sold March 23, 2018

Last sale price $1,350,000 $626 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $11,213/month

1 Day on Market

Highlights

  • Wood Flooring
  • 2 Car Direct Access Garage
  • Views
  • Bonus Room
  • Walk-In Closet
  • Living Room

About This Home

As of March 2018

Welcome to The Formosa Four- a modern community featuring 4 architectural residences by the award-winning Telemachus Studio. These stunning homes boast an incredible 96/100 Walk Score with residents enjoying close proximity to the best that Hollywood offers- classic restaurants, modern bistros, cocktail bars, and iconic shopping districts along Melrose and La Brea Avenues! Homes feature two bedrooms with en suite bathrooms and a ground level flex space with half bath, ideal for an office or studio. The light and bright 2nd level is an open concept kitchen, dining area, and living room with half bath and pocket sliders. Each residence is complete with ground floor private patios and 2 car direct entry garages.

Last Agent to Sell the Property

Joseph Reichling

Compass License #01427385 Listed on: 03/21/2018

Compass

Co-Listed By

Patrick Moya

Compass License #01770585

Last Buyer's Agent

Lillian Wee - Barbatto

License #01739590

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,305

Year Built

  • Built in 2018

Lot Details

  • 2,143 Sq Ft Lot
  • Property is zoned LAR3

HOA Fees

  • $204 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage

Interior Spaces

  • 2,155 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Bonus Room
  • Laundry Room
  • Property Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Additional Features

  • Open Patio
  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5525-003-043

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,305

Year Built

Built in 2018

Lot Details

0

HOA Fees

$204 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 2155
  • Stories: 3
  • Year Built: 2018
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Stained Concrete, Tile
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 626.45

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Parking Garage: Direct Entrance, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central, Multi/Zone
  • Heating: Central, Zoned

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 204.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5525-003-043
  • Geocode Override: No
  • Lot Size Area: 2143

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2018
Closed on
Mar 20, 2018
Sold by
Formosa 4 Llc
Bought by
Yip Kwok Yan
Seller's Agent
Joseph Reichling
Compass
Buyer's Agent
Lillian Wee - Barbatto
List Price
$1,350,000
Sold Price
$1,350,000
Current Estimated Value
$1,787,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,078
Avg. Annual Appreciation
3.77%

Purchase Details

Closed on
Apr 6, 2016
Sold by
Cordero Housing Llc
Bought by
Formosa 4 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,200,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 24, 2012
Closed on
Jun 27, 2013
Sold by
U S Bank Na
Bought by
Cordero Housing Llc
Seller's Agent
Cesar Reinoso
Reinoso Properties
Buyer's Agent
Cesar Reinoso
Reinoso Properties
List Price
$699,900
Sold Price
$670,000
Premium/Discount to List
-$29,900
-4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%

Purchase Details

Closed on
Feb 27, 2012
Sold by
Cohenshad Mike
Bought by
U S Bank Trust Na

Purchase Details

Closed on
May 22, 2006
Sold by
Cohenshad Mike
Bought by
Royal Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,400
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2006
Sold by
Weissman Alvin and The 2004 Lila C Tyler Trust
Bought by
Cohenshad Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,400
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2004
Sold by
Tyler Lila C
Bought by
Tyler Lila C and 2004 Lila C Tyler Trust

Purchase Details

Closed on
Mar 25, 2004
Sold by
Tyler Lila C
Bought by
Tyler Lila C
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
Yip Kwok Yan $1,350,000 None Available
Formosa 4 Llc $2,000,000 Fidelity National Title Co
Cordero Housing Llc $670,000 Pacific Coast Title
U S Bank Trust Na $681,810 Accommodation
Royal Realty Llc -- None Available
Cohenshad Mike -- Alliance Title
Tyler Lila C -- --
Tyler Lila C -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Formosa 4 Llc $3,200,000
Previous Owner Cohenshad Mike $596,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/23/2018 03/23/18 Sold $1,350,000 0.0% $626 / Sq Ft
03/22/2018 03/22/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $1,350,000 +101.5% $626 / Sq Ft
07/11/2013 07/11/13 Sold $670,000 -4.3% $278 / Sq Ft View Prior Sale
06/26/2013 06/26/13 Pending -- -- --
07/24/2012 07/24/12 For Sale $699,900 -- $291 / 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 $18,305 $1,536,065 $739,587 $796,478
2024 $18,305 $1,505,947 $725,086 $780,861
2023 $17,950 $1,476,419 $710,869 $765,550
2022 $17,111 $1,447,471 $696,931 $750,540
2021 $16,900 $1,419,090 $683,266 $735,824
2019 $16,404 $1,377,000 $663,000 $714,000
2018 $12,934 $1,068,248 $665,856 $402,392
2017 $7,799 $652,800 $652,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Joseph Reichling

    Seller's Agent in 2018

    Joseph Reichling

    Compass

    (323) 395-9084

    236 Total Sales

    Joseph Reichling
    Section Image

  • P

    Seller Co-Listing Agent in 2018

    Patrick Moya

    Compass

    (310) 770-2418

    19 Total Sales

    Patrick Moya
    Section Image

  • L

    Buyer's Agent in 2018

    Lillian Wee - Barbatto

  • C

    Seller's Agent in 2013

    Cesar Reinoso

    Reinoso Properties

    (949) 201-8050

    16 Total Sales

    Cesar Reinoso
    Section Image
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Map

Source: The MLS

MLS Number: 18-325280

The MLS

APN: 5525-003-043

California Los Angeles County Los Angeles 90046 Melrose

818 N Formosa Ave, Los Angeles, CA

This home is located at 818 N Formosa Ave, Los Angeles, CA 90046 since 21 March 2018 and is currently estimated at $1,787,078, approximately $829 per square foot. This property was built in 2018. 818 N Formosa Ave is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Tree Academy.

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