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$3,099,000

Beds
4
Baths
4.5
sq ft
2,724

521 N Formosa Ave, Los Angeles, CA 90036

521 N Formosa Ave

Los Angeles, CA 90036

  • 33 days on market
    • Price drop $101,000↓
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 with built-in banquette. Primary suite has a large walk-in primary closet, designer bath with double vanities, soaking tub, large shower. Both primary suite and adjacent nursery 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!

Details

Property type

Single Family Residence

Est. home value

$3,029,958

Lot size

6,162 sq ft

Price per sq ft

$1,138

Year built

1925

HOA

No

Price History

03/04/2025
CLAW

CLAW #25502269

Price change
$3,099,000
-3.16%
02/24/2025
CLAW

CLAW #25502269

Listed
$3,200,000
+9.89%
03/21/2022
CLAW

CLAW #21114059

Sold
$2,912,000
+125.74%

Schools & Community

Neighborhood: 

Mid City West

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,675,043
Asking price
$3,099,000
Closing costs (~8% of asking)
-$247,920
Est. remaining loan balance
-$1,176,037
Cash to seller
$1,675,043

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mufg Union Bank Na

Loan start date

March 2022

Original loan amount

$1,250,000

Est. remaining balance

$1,176,037

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Seymour M Stoll

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 03/29/2025 at 4:25 AM

Listing updated: 03/04/2025 at 5:35 AM

Listed by: Sheri Bienstock, The Bienstock Group Phone #: (323) 310-2525

MLS: CLAW #25502269

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