503 North Formosa Avenue

Los Angeles, CA 90036

$1,399,000
Last Sold Price
3
Beds
2
Baths
1,617 Sq. Ft.
$865 / Sq. Ft.
1,617
Sq. Ft.
$865
per Sq. Ft.

Description

FIXER. Owner is non-negotiable on price. Buyers must provide proof of funds and/or pre-approval letter to view property. Dramatic 1920's Spanish charmer on approximately 5,000 square foot corner lot. Sold strictly AS IS. Bring your contractor, builder, architect, designer, and loving restorative spirt to this well-proportioned charming home. 3 good sized bedrooms, 2 bathrooms, formal living room with vaulted barreled ceilings and large picture window. Formal Dining room. Sweet breakfast room. Utility...FIXER. Owner is non-negotiable on price. Buyers must provide proof of funds and/or pre-approval letter to view property. Dramatic 1920's Spanish charmer on approximately 5,000 square foot corner lot. Sold strictly AS IS. Bring your contractor, builder, architect, designer, and loving restorative spirt to this well-proportioned charming home. 3 good sized bedrooms, 2 bathrooms, formal living room with vaulted barreled ceilings and large picture window. Formal Dining room. Sweet breakfast room. Utility room with laundry area. Improvements include gas fireplace system built in 2014, copper plumbing & drain-lines installed 2003, bolted foundation 2014, roof replaced in 2009, small bathroom remodeled in 2018, water heater replaced 2013. Situated perfectly between Melrose and Beverly on a lovely tree lined street. 2 car garage. Sizable Front and backyard. Location doesn't get any better! Super close to The Grove, Whole Foods, Pan Pacific Park, Erewhon, Trader Joes, West Hollywood, Melrose Village, Hancock Park, and amazing dining, shopping, and entertainment!

Listing Agent

  1. Jimmy Martinez

    Jimmy Martinez

    Listing Agent

    Compass

    DRE #01252139

Property Details for 503 North Formosa Avenue

Zoning
LAR1
Style
Spanish
Parcel Number
5525023012
Living Area
1617
Source Living Area
Assessor
Area
Beverly Center-Miracle Mile (C19)
Lot Size Area
4999
Source Lot Size Area
Assessor

Location

Listing Courtesy of Compass, Jimmy Martinez, DRE #01252139

Sold By Compass, Lee Mintz, DRE #01355531; Compass, Rosa Gil, DRE #02024664

Add your commute
LISTING UPDATED: 04/16/2024 11:52 AM

Property Details for 503 North Formosa Avenue

StatusSold
MLS #22-196201
Days on Market91
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1926
Lot Size0.11 AC / 4,999 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Jimmy Martinez, DRE #01252139

Sold By Compass, Lee Mintz, DRE #01355531; Compass, Rosa Gil, DRE #02024664

Add your commute

Virtual Tour

Building Information for 503 North Formosa Avenue

Stories1Year Built1926Building Size-Lot Size0.11 AC / 4,999 SF

Payment Calculator

$8,348 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,635

Property Taxes

$713

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 503 North Formosa Avenue

Community / Development
Community / Development
  • HOA: No
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • View: Yes
  • View Description: Walk Street, Trees/Woods
  • View: Trees/Woods
Contract Info
Contract Info
  • Disclosures: Trust/Conservatorship, As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 4999
  • Lot Size Dimensions: 50x100
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached
  • Total Parking: 2
  • Attached Garage: No
Interior Features
Interior Features
  • Room Type: Living Room, Center Hall, Utility Room
  • Rooms: Breakfast, Dining Room, Living Room, Center Hall, Utility Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Furnished: Unfurnished
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood
  • Equipment: Dishwasher, Range/Oven, Washer, Dryer
  • Common Walls: Detached/No Common Walls
  • Laundry: Inside, Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-06-2022

Property History for 503 North Formosa Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 503 North Formosa Avenue

Taxable ValueLand$514,899Additions$171,623Total$686,522
Tax Record2023$8,561 ($713 / month)
Home Facts
Beds2Total Finished SqFt1,617 SqFtAbove Grade Finished SqFt1,617 SqFtStories1Lot Size4,999 SqFtStyleSingle Family ResidenceYear Built1926ZoningLAR1CountyLOS ANGELESAPN5525-023-012

Schools near 503 North Formosa Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 5
Public - 9 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

Melrose Elementary School
PublicK to 5

Whitman Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Jimmy Martinez, DRE #01252139

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.