1132 North Formosa Avenue

1132 North Formosa Avenue has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1957 and is 67 years old. However, we must point out that the home was most recently renovated and altered in 1976. The home has a total of 11 bedrooms. Residents will have access to 9 full bathrooms. There are 9 partial bathrooms in the home. In addition, 1132 North Formosa Avenue has 6,325 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,939 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. The property was last sold in Oct 4, 2019 for $4,050,000. That's $640.32 per sqft. Prior to that sales transaction, the property was also sold in Apr 3, 2018 for $4,300,000. 1132 North Formosa Avenue was last assessed in 2023. The total value of the property was assessed at $4,257,271. Specifically, the land the property is located on was valued at $3,206,093. While improvements on the property were assessed at a total of $1,051,178. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $50,427. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.