$849,000
Est. Mortgage $3,738/mo Get Pre-Qualified
1347 N Formosa Ave
Los Angeles, CA 90046 (Hollywood)
For Sale
$849,000
Est. Mortgage $3,738/mo Get Pre-Qualified

1347 N Formosa Ave Los Angeles, CA 90046

(Hollywood)
  • 2 beds
  • 2 baths
  • 1,428 sqft
  • 3,297 sqft lot size
  • Multi-Family
  • New
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  • Moderate crime relative to the rest of Los Angeles county.

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  • 65 Elementary Schools

    38 Middle Schools

    28 High Schools

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Home Details for 1347 N Formosa Ave


Absolutely charming, turnkey property with incredible curb appeal & located in prime Hollywood and WeHo Vicinity, one of the hottest rental submarkets in Los Angeles.This investment property is comprised of two gorgeousone bedroom, one bath units with Travertine Floors, Smooth Ceilings, Recessed Lighting, A/C, Granite Counter Tops, Laser Cut Screen Doors, Stainless Steel Appliances. Each unit has its own Laundry, Alarm System and lots of natural light with only one shared wall.Both units are currently occupied and the Gross Operating Income is approximately $51,000 per year. Operating E...xpenses are extremely low since the tenants pay all utilities and there are no common areas. Perfect for an exchange buyer / investor looking for solid cashflow in an incredibly well maintained and stable income property or an owner / occupier who can enjoy additional income to subsidize the mortgage. An awesome way to start on the path towards wealth building through the power of real estate.
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Features of this property

Information last updated on 06/22/2017 12:00 AM:
    • Price: $849,000
    • 2 Bedrooms
    • 2 full Bathrooms
    • Multi-Family
    • Refrigerator
    • Dishwasher
    • Microwave
    • Dryer
    • Ceiling Fan
    • Status: For Sale
    • Parking: carport, other
    • Parking Spaces: 2
    • Lot Size: 3,297 sqft
    • Built in 1922
    • Neighborhood: Hollywood

1347 N Formosa Ave Public Records


Official property, sales, and tax information from county (public) records as of 07/2016:
    • Duplex (2 units, any combination)
    • 1,428 sqft
    • 2 Units
    • Tax Rate Code Area: 0-067
    • 2 Bedrooms
    • Lot Size: 3,299 sqft
    • Subdivision: PLUMMERS SUBDIVISION
    • 2 Bathrooms
    • Built In 1922
    • County: Los Angeles
1347 North Formosa Avenue, Los Angeles CA
1347 N Formosa Ave
$849,000
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Additional Costs For 1347 N Formosa Ave


Price History & Trends


Price History for 1347 N Formosa Ave


Date Event Price Source Agents
04/11/2013 Sold view detail $660,000 Public records Public records  
  • Recording Date
    04/11/2013
  • Contract Date
    03/11/2013
  • Sale Price
    $660,000
  • Price Type
    Full amount computed from Transfer Tax or Excise Tax.
  • City Transfer Tax
    $2,970
  • County Transfer Tax
    $726
  • Total Transfer Tax
    $0
  • Transaction Type
    Purchase/Resale Arm's Length Residential Transaction
  • Document Type
    Grant Deed
08/27/2004 Sold view detail $611,000 Public records Public records  
  • Recording Date
    08/27/2004
  • Contract Date
    08/11/2004
  • Sale Price
    $611,000
  • Price Type
    Full amount computed from Transfer Tax or Excise Tax.
  • City Transfer Tax
    $2,750
  • County Transfer Tax
    $672
  • Total Transfer Tax
    $0
  • Transaction Type
    Purchase/Resale Arm's Length Residential Transaction
  • Document Type
    Grant Deed
12/02/2002 Sold view detail $485,000 Public records Public records  
  • Recording Date
    12/02/2002
  • Contract Date
    10/18/2002
  • Sale Price
    $485,000
  • Price Type
    Full amount computed from Transfer Tax or Excise Tax.
  • City Transfer Tax
    $2,183
  • County Transfer Tax
    $534
  • Total Transfer Tax
    $0
  • Transaction Type
    Purchase/Resale Arm's Length Residential Transaction
  • Document Type
    Grant Deed
07/03/1997 Sold view detail $129,000 Public records Public records  
  • Recording Date
    07/03/1997
  • Contract Date
    05/09/1997
  • Sale Price
    $129,000
  • Price Type
    Full amount computed from Transfer Tax or Excise Tax.
  • City Transfer Tax
    $581
  • County Transfer Tax
    $142
  • Total Transfer Tax
    $0
  • Transaction Type
    Purchase/Resale Arm's Length Residential Transaction
  • Document Type
    REO Resale
10/18/1996 Sold view detail $151,899 Public records Public records  
  • Recording Date
    10/18/1996
  • Contract Date
    10/11/1996
  • Sale Price
    $151,899
  • Price Type
    Full amount stated on Document.
  • City Transfer Tax
    $0
  • County Transfer Tax
    $0
  • Total Transfer Tax
    $0
  • Transaction Type
    REO and Trustee Deed
  • Document Type
    REO Repossession
02/01/1995 Sold view detail $135,000 Public records Public records  
  • Recording Date
    02/01/1995
  • Contract Date
    11/04/1994
  • Sale Price
    $135,000
  • Price Type
    Full amount computed from Transfer Tax or Excise Tax.
  • City Transfer Tax
    $0
  • County Transfer Tax
    $149
  • Total Transfer Tax
    $0
  • Transaction Type
    Purchase/Resale Arm's Length Residential Transaction
  • Document Type
    Grant Deed

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$849,000
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$670,000
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Real Estate Trends in this area

Median sale price for all homes in this area $895,000 5% above listing price

Sold Homes near 1347 N Formosa Ave


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4531 W 11th Pl, Los Angeles CA 3.11 Multi-Family $640,000 06/13/17 2 2 1,735
2201 Juliet St, Los Angeles CA 5.04 Multi-Family $710,000 06/05/17 6 2 3,601
532 N Berendo St, Los Angeles CA 3.21 Multi-Family $825,000 06/06/17 8 4 3,428
1242 S Kingsley Dr, Los Angeles CA 4.15 Multi-Family $990,000 05/31/17 4 4 2,924
154 N Florence St, Burbank CA 4.55 Multi-Family $805,000 05/26/17 2 2 1,641
1328 S Cochran Ave, Los Angeles CA 3.17 Multi-Family $955,000 05/31/17 3 3 1,917
2233 Clyde Ave, Los Angeles CA 4.19 Multi-Family $840,000 05/26/17 4 4 3,207
10624 Bloomfield St, North Hollywood CA 3.82 Multi-Family $930,000 05/25/17 3 3 1,600
3804 2nd Ave, Los Angeles CA 5.60 Multi-Family $725,000 06/16/17 3 2 1,825
3509 Warner Blvd, Burbank CA 3.89 Multi-Family $926,000 05/31/17 4 2 1,575
Listing provided via the MLS:

Listing Provided by

Luke Jones, Keller Williams Silicon Beach, (310) 305-8333

Agent Phone: (310) 435-4774