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521 N Formosa Ave, Los Angeles, CA 90036
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521 N Formosa Ave Los Angeles, CA 90036

$2,912,000 Sold Price as of 03/21/2022
  • 4 Beds
  • 4.5 Baths
  • 2,545 Sq.Ft.
Sold
$2,912,000 Sold Price as of 03/21/2022 Refinance Your Mortgage
Map preview of 521 N Formosa Ave, Los Angeles, CA 90036

Property Overview: 521 N Formosa Ave Los Angeles, CA has 4 bedrooms, 4.5 bathrooms, 2,545 living square feet and 6,160 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Hip, sleek, Down-To-The-Studs-Pretty-Much-New reimagined Single Story Spanish with 3 beds/3.5 baths in the main house and 1 bed (no closet)/1 bath in the ADU. Gated for privacy and security. Handsome enclosed front courtyard with fire feature. Living room surrounded by tall windows, high beamed ceiling and majestic fireplace opens to large dining room. WOW kitchen with abundant marble, custom cabinets/storage, pro appliances, pot filler, large pantry and broom closet. Separate breakfast room. Master suite has a large built-in master closet, designer bath with double vanities, soaking tub, large shower. Both master suite and adjacent office open to the backyard with floor-to-ceiling glass doors. Ultra high ceilings and extra deep windows make for an especially regal spacious light filled space. Tall interior doors with handsome hardware, wide plank hardwood floors, exquisite fixtures throughout. AV system for surround sound controlled by iPad or phone, alarm TV's , CCTV camera surveillance with 8 cameras. Backyard is surrounded by brand new ficus trees and features a large swimmers pool with a baja step, jacuzzi, and waterfall. ADU with over-the-top entertaining center with BBQ/rotisserie, double burners, sink, garbage can drawers, bar area with fridge, ice maker, storage doors. Gym or bedroom with adjacent bath. Roof top deck with views of The Hills and The Hollywood Sign. All new systems including plumbing, electrical, roof, AC with linear vents. ADU had one existing garage wall and is otherwise new. Pool is brand new. No expense spared renovation intended for the owners. Absolutely magical!

Listed by Sheri Bienstock | BRE #01746994 | The Bienstock Group
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 40

Home details

Lot Sq. Ft
6,160
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
21114059
City
Los Angeles
County
Los Angeles
Time on Site
894 days

Property Details for 521 N Formosa Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Fireplace Information
  • Has Fireplace
  • Living Room, Gas
Room Information
  • Flooring: Wood, Tile
  • Entry, Living Room, Master Bathroom, Office, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Barbecue, Dishwasher, Disposal, Microwave, Refrigerator
Bathroom Information
  • # of Baths (Full): 4
  • # of Baths (1/2): 1
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Exterior Features
Exterior Information
  • Has Spa
  • Spa Features: In Ground, Heated
Exterior Features
  • Pool Features: Heated, In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Has View
  • View: Pool
  • Parcel Number: 5525023008
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Directions: On Formosa north of Melrose and south of Beverly Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 521 N Formosa Ave

Last sold for $2,912,000 on March 21st, 2022

  • March, 2022

  • Mar 21, 2022

    Date

    Sold

    CRMLS: 21114059

    $2,912,000

    Price

  • Jan 13, 2022

    Date

    Active

    CRMLS: 21114059

    $2,995,000

    Price

  • December, 2020

  • Dec 16, 2020

    Date

    Expired

    CRMLS: 20591618

    $1,525,000

    Price

  • Sep 9, 2020

    Date

    Withdrawn

    CRMLS: 20591618

    $1,525,000

    Price

  • Aug 4, 2020

    Date

    Price Change

    CRMLS: 20591618

    $1,525,000

    Price

  • Jul 20, 2020

    Date

    Price Change

    CRMLS: 20591618

    $1,575,000

    Price

  • Jul 7, 2020

    Date

    Price Change

    CRMLS: 20591618

    $1,699,000

    Price

  • Jun 16, 2020

    Date

    Active

    CRMLS: 20591618

    $1,799,000

    Price

  • Listing provided courtesy of CRMLS

    WANT TO BUILD A DREAM HOME? Perfect for developers, investors, or homeowners. Take advantage of this RTI (ready to issue permits) shovel ready Modern Contemporary home in the Beverly Grove area. Consists of 6 bedroom, 8 bathrooms, with over 5,700 square ft of livable area and +/- 2,000 square foot of rooftop deck & terraces. Rooftop deck has a 360-degree view of the beautiful Hollywood hills with a jacuzzi & outdoor kitchen. Backyard is designed with a pool, baja, spa, and a walk down seating area with a firepit. Second floor features a large master suite & two bedrooms all with ensuite bathrooms and walk-in closets. First floor: Kitchen, dining room, living area, powder room, & a bedroom/office with an ensuite bathroom and walk-in closet. Basement features two bedrooms (with ensuite bathrooms), movie theatre, & a large entertainment area. Floor plans available for serious buyers. Current improvements is a 3 Bedroom/2 Bath house with +/- 1482 sq ft

  • December, 2019

  • Dec 26, 2019

    Date

    Sold

    CRMLS: 19518368

    $1,290,000

    Price

  • Dec 14, 2019

    Date

    Pending

    CRMLS: 19518368

    $1,399,000

    Price

  • Dec 2, 2019

    Date

    Active Under Contract

    CRMLS: 19518368

    $1,399,000

    Price

  • Nov 8, 2019

    Date

    Active

    CRMLS: 19518368

    $1,399,000

    Price

  • Nov 4, 2019

    Date

    Active Under Contract

    CRMLS: 19518368

    $1,399,000

    Price

  • Oct 8, 2019

    Date

    Active

    CRMLS: 19518368

    $1,399,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION,LOCATION,LOCATION!!! ATTN ALL BUILDERS, DEVELOPERS, INVESTORS, PROJECT SEEKERS. This is a fixer or tear down property being sold primarily as land value. 3 Bedroom 2 Bath House on a good sized lot in a Prime Melrose Location; Buyer(s) to verify all information regarding this property.

  • December, 2019

  • Dec 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,290,000

    Price

Show More

Tax History for 521 N Formosa Ave

Assessed Value (2020): $1,290,000
Year Land Value Improved Value Assessed Value
2020 $1,032,000 $258,000 $1,290,000

Home Value Compared to the Market

This property vs the competition

521 N Formosa Ave sold on March 21, 2022 for 165.04% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $1176.82 per/sqft which puts the price per square foot 56.08% higher than the current median sale per square foot for the city of Los Angeles.

About 521 N Formosa Ave

Detailed summary of property

521 N Formosa Ave is a single family home that recently sold in Los Angeles, CA 90036. This house offered 4 bedrooms, 4.5 bathrooms, roughly 2,545 living square feet, and sits on an approximately 6,160 square foot lot. 521 N Formosa Ave was first listed on ArdentRealEstateGroup.com on January 13, 2022. The homeowner sold the property for $2,912,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 165.04% higher than the current median priced home. Local homes that are currently for sale include 603 S Mccadden Pl, 448 N Laurel Ave and 740 N Crescent Heights Blvd. While the average home in Los Angeles, CA is selling in 98 days, 521 N Formosa Ave has a days on market of 40 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 521 N Formosa Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 521 N Formosa Ave

Public county record property details
Beds
2
Baths
1
Year built
1925
Sq. Ft.
1,482
Lot Size
6,159
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
243
APN
5525-023-008

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,150,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,490,000
Median Sold Price/Sq.Ft.
$878
Total Inventory
46
Median Sale to List Price %
99.33%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (26.32%), Other (21.05%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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