NOT LISTED FOR SALE

826 N Formosa Ave Los Angeles, CA 90046

Melrose Neighborhood

Estimated Value: $2,266,000 - $2,492,913

5 Beds
5 Baths
3,465 Sq Ft
$687/Sq Ft Est. Value

Last Sold January 07, 2015

Last sale price $1,315,000 $380 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $14,233/month

15 Days on Market

About This Home

As of January 2015

Front building built in 1923 (2 units), back building built in 1990 (3 units). The back building is potentially exempt from rent control. Front 2 bedroom unit is currently vacant and will be delivered vacant at close of escrow.

Last Agent to Sell the Property

Raffi Krikorian

Investment Real Estate Associates License #00947051 Listed on: 10/14/2014

Last Buyer's Agent

Trevor Nelson

Trevor Carl Nelson License #01495150

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,406

Year Built

  • Built in 1923

Lot Details

  • 6,600

Home Design

  • 3,465 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 7 Parking Spaces
  • Covered Parking

Additional Features

  • 6,600 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5525-003-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,406

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3465
  • Year Built: 1923
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 388.17

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 7

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 326445
  • Assessed Land Value: 414846
  • Assessor Parcel Number: 5525-003-027
  • Geocode Override: No
  • Lot Size Area: 6600

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.38
  • Number Of Units: 5
  • Total Annual Expense: 30058
  • Type Of Units: Apts
  • Vacancy Rate: 2,322

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2018
Sold by
Marti
Bought by
Marti
Current Estimated Value
$2,379,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.81%

Purchase Details

Listed on
Oct 14, 2014
Closed on
Dec 16, 2014
Sold by
Homa Lp
Bought by
Martin August L and Martin Lisa M
Seller's Agent
Raffi Krikorian
Investment Real Estate Associates
Buyer's Agent
Trevor Nelson
Trevor Carl Nelson
List Price
$1,345,000
Sold Price
$1,315,000
Premium/Discount to List
-$30,000
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%
Original Mortgage
$670,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 14, 2014
Closed on
Dec 3, 2014
Sold by
Dergal Tanya
Bought by
Martin Lisa M
Seller's Agent
Raffi Krikorian
Investment Real Estate Associates
Buyer's Agent
Trevor Nelson
Trevor Carl Nelson
List Price
$1,345,000
Sold Price
$1,315,000
Premium/Discount to List
-$30,000
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2003
Sold by
Sapir Said and Sapir Hoorasa
Bought by
Sapir Said and Sapir Hoorasa

Purchase Details

Closed on
Jan 2, 1999
Sold by
Nedco Star
Bought by
Sapir Said and Sapir Hoorasa

Purchase Details

Closed on
Nov 29, 1996
Sold by
Sapir Said and Sapir Hoorasa
Bought by
Nedco Star Lp
Source: Public Records

Range of Values:

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Average Value
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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
Marti -- --
Martin August L $1,315,000 Fntc
Martin Lisa M -- Fnt
Sapir Said -- --
Sapir Said -- --
Nedco Star Lp -- --
Homa Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Marti --
Previous Owner Martin August L $670,000
Previous Owner Martin Lisa M $670,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2015 01/07/15 Sold $1,315,000 -2.2% $380 / Sq Ft
10/29/2014 10/29/14 Pending -- -- --
10/14/2014 10/14/14 For Sale $1,345,000 -- $388 / 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 $19,406 $1,580,426 $961,476 $618,950
2024 $19,406 $1,549,438 $942,624 $606,814
2023 $19,041 $1,519,058 $924,142 $594,916
2022 $18,176 $1,489,273 $906,022 $583,251
2021 $17,948 $1,460,072 $888,257 $571,815
2019 $17,434 $1,416,767 $861,912 $554,855
2018 $17,302 $1,388,988 $845,012 $543,976
2016 $16,504 $1,335,053 $812,200 $522,853
2015 $9,605 $756,101 $423,134 $332,967
2014 $9,664 $741,291 $414,846 $326,445
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Raffi Krikorian

    Investment Real Estate Associates

  • Trevor Nelson

    Buyer's Agent in 2015

    Trevor Nelson

    Trevor Carl Nelson

    (310) 909-4928

    3 Total Sales

    Trevor Nelson
    Section Image
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Map

Source: The MLS

MLS Number: 14-802035

The MLS

APN: 5525-003-027

California Los Angeles County Los Angeles 90046 Melrose

826 N Formosa Ave, Los Angeles, CA

This home is located at 826 N Formosa Ave, Los Angeles, CA 90046 since 14 October 2014 and is currently estimated at $2,379,457, approximately $686 per square foot. This property was built in 1923. 826 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.

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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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