158 S Formosa Avenue, Los Angeles, California 90036, Los Angeles, 90036 - 4 bed, 4 bath

158 S Formosa Avenue, Los Angeles, California 90036 home-pic-0
ACTIVE$2,595,000
158 S Formosa Avenue, Los Angeles, California 90036
4Beds
4Baths
2,680Sqft
6,602Lot
Year Built
1937
Close
-
List price
$2.6M
Original List price
$2.69M
Price/Sqft
$968
HOA
-
Days on market
-
Sold On
-
MLS number
SR25053431
Home ConditionExcellent
Features
Deck
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.60M(62th), sqft - 2680(57th), beds - 4(50th), baths - 4(55th).

Welcome to 158 S Formosa Avenue, a rare reimagined traditional home nestled within a tranquil tree-lined street in the highly desirable Miracle Mile North Historic Preservation neighborhood. A Beautiful exterior color palette and succulent landscaping greet you upon arrival. Step inside and be captivated by the warm attention to detail, restoration, and creation of era style elements. The thoughtfully designed open-concept floor plan features a large gourmet kitchen perfect for culinary enthusiasts, complete with top-of-the-line custom matching appliances, quartz counters, white oak cabinetry, large Apron sinks, floating shelves and designer light fixtures. All overlooking the tranquil dining area. Your beautiful re-inspired living room features a stand out quartz fire place, custom crown molding, a historic timeless front bow window with leaded glass and French oak floors throughout. Parallel to the living room is your first bedroom, this could be converted very simply by the contractor into a den or your own private dining area if preferred. The large primary bedroom & bathroom features a double reeded vanity, standalone tub, walk in glass shower, large format designer tile, walk in closet, separate smaller closet and French doors leading out to a large wrap around deck. The other 3 bedrooms have ample space, closets and one of the bedrooms has french doors also leading out to the deck. The other two bathrooms have a mixture of marble vanities. Delta shower finishes, herringbone porcelain floors and brass hardware. The ADU has its own kitchenette, bathroom with walk in shower and hardwood floors, perfect for a at home office, studio or in-law suite. The ADU also features it's own address, gas & electric meter and tankless water heater. The grounds feature an enclosed new wood & iron gate, drip system, lush olive trees, a new large wooden deck perfect for hosting outdoor gatherings for al-fresco dining and entertaining. All new wooden privacy fencing, mature plants & trees, gravel and concrete. Upgrades include foundation, roof, furnace, plumbing, electrical, tankless water heaters, sewer, chimney, stucco, windows, doors, flooring, kitchen, bathrooms, bedrooms, living areas, landscaping and hardware. Highly sought after location, centrally located to schools, shopping and places of worship. *Seller open to buying down buyers interest rate*

Nearby schools

8/10
Third Street Elementary School
Public,K-50.6mi
7/10
Hancock Park Elementary School
Public,K-50.9mi
2/10
Vine Street Elementary School
Public,K-61.6mi
7/10
John Burroughs Middle School
Public,6-80.8mi
3/10
Laurel Elementary School
Public,K-81.5mi
7/10
Fairfax Senior High School
Public,9-121.2mi

Price History

Date
Event
Price
04/16/24
Sold
$1,685,000
Condition Rating
Excellent

Despite being built in 1937, this property has undergone a comprehensive and recent 'reimagining' and 'restoration,' as detailed in the description. Extensive upgrades include the foundation, roof, furnace, plumbing, electrical, tankless water heaters, sewer, chimney, stucco, windows, doors, flooring, kitchen, bathrooms, and landscaping. The kitchen features 'top-of-the-line custom matching appliances, quartz counters, white oak cabinetry, and designer light fixtures.' Bathrooms boast 'double reeded vanity, standalone tub, walk in glass shower, large format designer tile,' 'marble vanities, Delta shower finishes, herringbone porcelain floors and brass hardware.' French oak floors are throughout. All major systems and aesthetic components are new or virtually new, meeting current quality standards, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Prime Miracle Mile North Location: Situated in a highly desirable Historic Preservation neighborhood, offering central access to schools, shopping, and amenities.
Comprehensive High-End Renovation: The property has undergone extensive, top-to-bottom remodeling including foundation, roof, plumbing, electrical, and all interior spaces, ensuring modern comfort within a classic shell.
Income-Generating/Flexible ADU: Features a fully equipped Accessory Dwelling Unit with separate utilities and address, ideal for rental income, a home office, or multi-generational living.
Gourmet Kitchen & Designer Bathrooms: Boasts a large gourmet kitchen with custom appliances and quartz counters, complemented by luxurious bathrooms featuring high-end finishes like standalone tubs and designer tiles.
Enhanced Outdoor Living & Curb Appeal: Offers beautifully landscaped grounds with a new large wooden deck, privacy fencing, and mature trees, perfect for entertaining and al-fresco dining.

Cons

Absence of Central Air Conditioning: Despite extensive upgrades, the property description does not mention a central air conditioning system, which could be a significant comfort consideration in Los Angeles's climate.
Historic Preservation Overlay Zone (HPOZ) Restrictions: Located within a Historic Preservation neighborhood, future exterior modifications or additions may be subject to strict architectural guidelines and approval processes.
Limited Private Recreational Amenities: While offering a lovely deck, the property lacks a private pool or spa, which some buyers at this price point in Los Angeles might expect for personal recreation.

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