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521 N Formosa Avenue, Los Angeles, California 90036, Los Angeles, 90036 - 4 bed, 5 bath

521 N Formosa Avenue, Los Angeles, California 90036 home-pic-0
ACTIVE$2,949,000
521 N Formosa Avenue, Los Angeles, California 90036
4Beds
5Baths
2,724Sqft
6,162Lot

Price Vs. Estimate

The estimated value ($2,910,765.445) is $38,234.555 (1%) lower than the list price ($2,949,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Remodel: The property underwent a complete, high-end remodel in 2022, featuring premium finishes, a marble-clad chef's kitchen, and modern systems, ensuring move-in readiness and contemporary luxury.
Top Cons:
ADU Bedroom Functionality: The ADU's bedroom is noted as having 'no closet,' which could limit its functionality as a traditional bedroom or impact its appeal for long-term occupancy.

Compared to the nearby listings

Price:$2.95M vs avg $2.22M (+$733,000)78%
Size:2,724 sqft vs avg 2,508 sqft59%
Price/sqft:$1.1K vs avg $96786%

More Insights

Built in 1925 (100 years old).
Condition: This property, though built in 1925, was completely remodeled in 2022, making it virtually new in terms of condition and features. The kitchen boasts marble countertops, custom cabinetry, high-end integrated appliances, and modern pendant lighting. All bathrooms are designer-grade with contemporary fixtures, stylish tiling (herringbone, patterned, and large format), modern vanities, and glass-enclosed showers. Wide-plank hardwood floors are present throughout, and the property includes a newly built ADU with an outdoor kitchen. All components meet current quality standards with no visible deferred maintenance, aligning perfectly with an 'excellent' rating.
Year Built
1925
Close
-
List price
$2.95M
Original List price
$3M
Price/Sqft
$1,083
HOA
-
Days on market
-
Sold On
-
MLS number
25562429
Home ConditionExcellent
Features
Good View:
Deck
Pool
Spa
Patio
View

About this home

Elegantly transformed and rich in character, this gated single-story Spanish residence blends classic 1920s architecture with finely crafted modern updates. The main house offers 3 bed and 3.5 bath, while the newly built ADU includes 1 bed (no closet) and 1 bathperfect for guests, a gym, or home office. Behind the gates, a beautifully landscaped front courtyard with a fire feature sets the tone for the warm welcome. The light-filled living room features soaring beamed ceilings and a dramatic fireplace, flowing into a generous dining room and marble-clad chef's kitchen with custom cabinetry, high-end appliances, and built-in breakfast nook. The spacious primary suite boasts a walk-in closet, designer bath, and glass doors opening to the private backyard with new ficus hedges, swimmer's pool, jacuzzi, and waterfall. Premium finishes include wide-plank hardwood floors, tall interior doors, surround sound, security system with CCTV, and sleek fixtures throughout. The ADU features a luxe outdoor kitchen, bar area, and a rooftop deck with views of the Hollywood Sign. Home was completely remodeled in 2022. 521 N Formosa Ave is a rare opportunity you won't want to miss. Schedule your private showing today. Property is also listed for lease.

Nearby schools

8/10
Third Street Elementary School
Public,•K-5•1.0mi
7/10
Hancock Park Elementary School
Public,•K-5•1.2mi
2/10
Vine Street Elementary School
Public,•K-6•1.2mi
3/10
Laurel Elementary School
Public,•K-8•1.1mi
7/10
John Burroughs Middle School
Public,•6-8•1.3mi
7/10
Fairfax Senior High School
Public,•9-12•0.8mi

Price History

Date
Event
Price
03/21/22
Sold
$2,912,000
12/24/19
Sold
$1,290,000
Condition Rating
Excellent
This property, though built in 1925, was completely remodeled in 2022, making it virtually new in terms of condition and features. The kitchen boasts marble countertops, custom cabinetry, high-end integrated appliances, and modern pendant lighting. All bathrooms are designer-grade with contemporary fixtures, stylish tiling (herringbone, patterned, and large format), modern vanities, and glass-enclosed showers. Wide-plank hardwood floors are present throughout, and the property includes a newly built ADU with an outdoor kitchen. All components meet current quality standards with no visible deferred maintenance, aligning perfectly with an 'excellent' rating.
Pros & Cons

Pros

Extensive Modern Remodel: The property underwent a complete, high-end remodel in 2022, featuring premium finishes, a marble-clad chef's kitchen, and modern systems, ensuring move-in readiness and contemporary luxury.
Versatile ADU with Amenities: A newly built ADU offers significant flexibility for guests, a home office, gym, or potential rental income, further enhanced by its own luxe outdoor kitchen, bar, and a rooftop deck with Hollywood Sign views.
Luxurious Outdoor Living: The private backyard boasts a swimmer's pool, jacuzzi, waterfall, and new ficus hedges, creating an exceptional space for relaxation and entertaining.
Charming Architecture with Modern Flair: The gated single-story Spanish residence beautifully preserves its classic 1920s character while integrating modern updates, including soaring beamed ceilings and a dramatic fireplace.
Prime Los Angeles Location: Situated in the desirable Beverly Center-Miracle Mile area (C19), offering a prestigious address and convenient access to city amenities.

Cons

ADU Bedroom Functionality: The ADU's bedroom is noted as having 'no closet,' which could limit its functionality as a traditional bedroom or impact its appeal for long-term occupancy.
Potential for Older Home Maintenance: Despite the recent remodel, the main house's 1925 construction year might still present potential for unforeseen maintenance issues or higher long-term upkeep costs associated with an older structure.
Dual Listing Status: The property being listed for both sale and lease could indicate a lack of seller urgency or potentially complicate the sales process for some buyers.

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