741 N Formosa Ave, Los Angeles, CA 90046
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741 N Formosa Ave Los Angeles, CA 90046

$2,030,000 Sold Price as of 11/22/2022
  • 4 Beds
  • 2.5 Baths
  • 2,257 Sq.Ft.
Sold
$2,030,000 Sold Price as of 11/22/2022 Refinance Your Mortgage

Map preview of 741 N Formosa Ave, Los Angeles, CA 90046

Property Overview: 741 N Formosa Ave Los Angeles, CA has 4 bedrooms, 2.5 bathrooms, 2,257 living square feet and 7,700 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A beautiful and spacious 1924 Spanish-style compound with separate guest house and pool house in West Hollywood's Fairfax district. Everything WeHo has to offer shopping, entertainment and restaurants is at your doorstep. Perfectly located between Melrose and Santa Monica, on a large R2-zoned lot, a new motorized gate and fence with mature hedges enclose this serene oasis. The moment you walk through the beautiful new custom front door you will feel right at home. The 3-bedroom main house boasts classic hardwood floors and newly installed windows, doors, fixtures and custom window treatments. Two bedrooms conveniently located at the front of the house share an en-suite jack-and-jill bathroom. At the back of the house, the home's light-filled and oversized master bedroom features an updated master bathroom and walk-in closet, as well as separate access to the property's resort-style garden and pool. The living room, with its oversized picture window, is a welcoming place to entertain or get cozy. The gourmet kitchen opens to the heart of the home's indoor entertaining area, an open-concept dining and bar area, with access to a powder room. An entertainer's dream, the bar area has its own sink, and newly-installed ice maker, and leads out to the property's impressive and completely private, hedge-lined backyard. The backyard gives true vacation vibes and is a playground for adults and kids alike. It features an outdoor dining area, mature fruit trees, ample lawn space, and, of course, the centerpiece of the backyard, an oversized heated pool and newly-installed above-ground spa. In the middle of it all is the separate pool house (an additional approx. 286 sqft.), which provides additional entertaining space and has its own bathroom, shower and a newly-installed fan and speaker system. The separate guest house, located at the back of the property, features a skylight, kitchenette and full bathroom, and boasts newly-installed custom windows and doors, new paint and a new roof. It is the perfect place for accommodating friends and family or for generating extra income, with its newly-installed laundry and street access. There is also a new and good-sized shed next to the guest house for extra storage. Some of the owners' additional recent upgrades include: a new Nest-controlled HVAC system, ducting, foundation retrofitting and a new pool heater and spa. This is a must-see!!! Please call to schedule your showing today or visit one of our open houses.

Listed by Andreas Ludwig | BRE #02032222 | Compass
Last checked: 1 minute ago | Last updated: November 22nd, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
7,700
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
22204907
City
Los Angeles
County
Los Angeles
Time on Site
635 days

Virtual Tour

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Property Details for 741 N Formosa Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Outside, In Kitchen
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Eating Area: Family Kitchen
  • Flooring: Wood
  • Art Studio, Bonus Room, Recreation, Guest/Maid's Quarters, Walk-In Closet, Family Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Gas Cooktop, Oven, Gas Oven, Convection Oven
Bathroom Information
  • # of Baths (Full): 2
  • # of Baths (1/2): 1
  • # of Baths (1/4): 0
  • # of Baths (3/4): 2
Interior Features
  • Ceiling Fan(s), Bar
  • Window Features: Double Pane Windows, Skylight(s), Blinds
Exterior Features
Exterior Information
  • Other Structures: Guest House
  • Has Spa
  • Spa Features: Above Ground
Exterior Features
  • Has Patio
  • Pool Features: Heated, In Ground
  • Concrete, Front Porch
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Auto Driveway Gate, Controlled Entrance
Property Information
  • Has View
  • View: Pool
  • Common Walls: No Common Walls
  • Parcel Number: 5525011036
  • Architectural Style: Spanish
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled, Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: On North Formosa between Melrose Ave and Santa Monica Blvd.
View more facts & features

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Sale History for 741 N Formosa Ave

Last sold for $2,030,000 on November 22nd, 2022
  • November, 2022

  • Nov 22, 2022

    Date

    Sold

    CRMLS: 22204907

    $2,030,000

    Price

  • Oct 2, 2022

    Date

    Active

    CRMLS: 22204907

    $2,100,000

    Price

  • March, 2018

  • Mar 7, 2018

    Date

    Sold

    CRMLS: 17277342

    $1,425,000

    Price

  • Feb 20, 2018

    Date

    Active Under Contract

    CRMLS: 17277342

    $1,495,000

    Price

  • Jan 25, 2018

    Date

    Active

    CRMLS: 17277342

    $1,495,000

    Price

  • Jan 9, 2018

    Date

    Active Under Contract

    CRMLS: 17277342

    $1,495,000

    Price

  • Jan 5, 2018

    Date

    Active

    CRMLS: 17277342

    $1,495,000

    Price

  • Dec 6, 2017

    Date

    Active Under Contract

    CRMLS: 17277342

    $1,495,000

    Price

  • Oct 5, 2017

    Date

    Active

    CRMLS: 17277342

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

    Newly renovated home + Guest House + Studio space perfectly situated near West Hollywood and Hancock Park. The home boasts approximately 1,789sf with 3 bedrooms, 2.5 Baths, an open floor plan, gleaming wood floors throughout, new baths, updated kitchen with stainless steel appliances. An oversize master bedroom conveniently opens to the back yard where you are greeted with a sparkling pool and mature landscaping. The Guest house in the back features an updated kitchen area and bathroom with great closet space. The studio space with a bathroom is the perfect bonus space which can be ideal for any setting. Truly a must see!

  • March, 2018

  • Mar 6, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,425,000

    Price

  • April, 2016

  • Apr 29, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,050,000

    Price

Show More

Tax History for 741 N Formosa Ave

Assessed Value (2020): $1,482,570
Year Land Value Improved Value Assessed Value
2020 $1,186,056 $296,514 $1,482,570

Home Value Compared to the Market

This property vs the competition

741 N Formosa Ave sold on November 22, 2022 for 85.84% 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 $930.44 per/sqft which puts the price per square foot 23.4% higher than the current median sale per square foot for the city of Los Angeles.

About 741 N Formosa Ave

Detailed summary of property

741 N Formosa Ave is a single family home that recently sold in Los Angeles, CA 90046. This house offered 4 bedrooms, 2.5 bathrooms, roughly 2,257 living square feet, and sits on an approximately 7,700 square foot lot. 741 N Formosa Ave was first listed on ArdentRealEstateGroup.com on October 2, 2022. The homeowner sold the property for $2,030,000. 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 85.84% higher than the current median priced home. Local homes that are currently for sale include 525 N Stanley Ave, 1337 N Fuller Ave and 6732 W Hepburn Way. While the average home in Los Angeles, CA is selling in 99 days, 741 N Formosa Ave has a days on market of 23 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 741 N Formosa Ave Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 741 N Formosa Ave

Public county record property details
Beds
3
Baths
2
Year built
1924
Sq. Ft.
1,789
Lot Size
7,700
Stories
--
Type
Single Family Residential
Pool
Yes
Spa
No
County
Los Angeles
Lot#
65
APN
5525-011-036

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,999,999
Median List Price/Sq.Ft.
$905
Median Sold Price
$1,713,000
Median Sold Price/Sq.Ft.
$1,000
Total Inventory
254
Median Sale to List Price %
95.22%
Avg Days on Market
45
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (7.69%), Other (11.54%)

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Related Resources to 741 N Formosa Ave

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.