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179 South Formosa Avenue

179 South Formosa Avenue, Los Angeles, CA 90036
Property in Mid-City West
Sold Jun 28, 1996
$375,000
$400,000 by Guaranteed Rate Inc
Mortgage Due Mar 01, 2033
Local assessors in Los Angeles, CA have categorized 179 South Formosa Avenue as a residential type of property. The home was built in 1937 and is 87 years old. The property's lot size has been calculated to be 7,698 square feet. The linear feet between the front and back of the lot was measured at 1,540 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a French Provincial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 14 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 179 South Formosa Avenue has a total of 2,886 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a hip style roof that was made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jun 22, 1996 for $375,000. That's $129.94 per sqft. 179 South Formosa Avenue was last assessed in 2023. The total value of the property was assessed at $598,760. Specifically, the land the property is located on was valued at $352,073. While improvements on the property were assessed at a total of $246,687. 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 $7,293. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: French Provincial
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,698
  • Lot Size Depth Feet: 1,540
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,886
  • Building Area: 2,886
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,886
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5207
  • Land Acres: 0.177
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 5207 LOT/SEC 121

Ownership

  • Current Owner : WEISS MENDY
  • Current Owner 2: WEISS LISA D
  • Previous Owner : SHAPIRO NORMAN J
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 214000

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 34-B6
  • Subdivision Tract Number: 5207
  • Parcel: 5512-024-019
  • Lot: 121
  • Municipality: WEST /WEST HOLLYWOOD
  • Latitude: 34.0713
  • Longitude: -118.347

    Address

  • Full Address: 179 S Formosa Ave
  • Address - House Number: 179
  • Street Direction: S
  • Address - Street Name: Formosa
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C006
  • 4-Digit Zip Code: 2815
  • Zip Code: 90036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,293
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2285
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 2,447,246
  • High Value: 3,006,524
  • Low Value: 1,887,967

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,100,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Feb 20, 2018
  • First Open Lien Mortgage Loan Amount: $400,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2033
  • Second Open Lien Mortgage Lender: CLERK U S DISTRICT COURT
  • Second Open Lien Mortgage Recording Date: Apr 14, 2021
  • Second Open Lien Mortgage Loan Amount: $700,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $598,760
  • Assessed Land Value: $352,073
  • Assessed Improvements Value: $246,687

    Sales

  • Current Sale Contract Date: Jun 22, 1996
  • Current Sale Recording Date: Jun 28, 1996
  • Current Sale Transaction ID: 1033217456
  • Current Sale Price: $375,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 96-1029817

    Last Sale Mortgage

  • First Mortgage Lender: REAL ESTATE MTG EXCHANGE INC
  • First Mortgage Transaction Date: Jun 28, 1996
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jul 01, 2026

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Frequently Asked Questions

What neighborhood is 179 South Formosa Avenue located in?
The 179 South Formosa Avenue is a located in the neighborhood of Mid-City West in Central LA, Los Angeles.
What is the average sales price for listings in 179 South Formosa Avenue?
The average sales price for units in 179 South Formosa Avenue is $0 currently.

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