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458 N Formosa Ave, Los Angeles, CA 90036

List Price: $1,795,000On Market FlagOn market
Jul 31, 20251,930 sqft3 beds3 baths
Listed by: Edward Dolce
License #: 01232430
Phone #: 818-986-7300
Rodeo Realty
Source:
CRMLS Logo
MLS #: SR25172624

Property Description

Spanish Charmer with Endless Potential Near Melrose. Discover a fabulous single-story Spanish-style home offering over 2,500 sq ft of character and opportunity. The main house at 1,930 sq ft, showcases timeless details and original charm—ready for you to restore to its former glory. A dramatic living room with soaring ceilings and a brick fireplace flows seamlessly into the formal dining room, kitchen with a sunlit breakfast nook, and a convenient laundry area. Three bedrooms and two baths include a versatile third bedroom currently used as a family room, offering flexible living options. The spacious converted garage and detached guest unit with an upstairs bedroom and bath provide endless potential for additional income, work-from-home space, or a private retreat. Set on a 6,601 sq ft lot, the backyard is a private oasis featuring a sparkling pool, spa, lush landscaping, and fruit trees. Located in one of the most desirable neighborhoods near vibrant Melrose, this property is an exceptional canvas to re-imagine or restore into a stunning Spanish retreat.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
DRE LICENSE #01997822
California Association of Realtors

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$29,685

TurboHome Estimated Value

$1,887,000

$978 sqft

High Valuation
$1,981,350
$1027/sqft
Normal Valuation
$1,887,000
$978/sqft
Low Valuation
$1,792,650
$929/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$978/sqft$1,887,000

Neighborhood: Mid City West

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Comparative Value

$1.16M

$1.58M

$1.76M

$2.27M

$2.45M

806 N Martel Ave 1, Los Angeles, CA 90046

Sale Price: $1,155,000

Selected Comparable

603 N Formosa Ave, Los Angeles, CA 90036

Sale Price: $1,580,000

Selected Comparable

602 N Martel Ave, Los Angeles, CA 90036

Sale Price: $1,765,000

Selected Comparable

458 N Formosa Ave, Los Angeles, CA 90036

List Price: $1,795,000

Subject Property

740 N Sierra Bonita Ave, Los Angeles, CA 90046

Sale Price: $2,275,000

Selected Comparable

157 N Poinsettia Pl, Los Angeles, CA 90036

Sale Price: $2,450,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
458 N Formosa Ave, Los Angeles, CA 90036

458 N Formosa Ave, Los Angeles, CA 90036

List: $1,795,000

Listed: 7/31/2025

Area:1,930 sqft
Price/sqft:$930
Beds:3
Baths:3
Year Built:—
Lot Size:6,601

Comparable Properties

COMPARABLE
Choose comps
157 N Poinsettia Pl, Los Angeles, CA 90036

157 N Poinsettia Pl, Los Angeles, CA 90036

Sale: $2,450,000

5/29/2025 • 0.37 mi

Area:2,299 sqft
Price/sqft:$1,066
Beds:3
Baths:3
Year Built:—
Weight:21.3%
740 N Sierra Bonita Ave, Los Angeles, CA 90046

740 N Sierra Bonita Ave, Los Angeles, CA 90046

Sale: $2,275,000

6/23/2025 • 0.58 mi

Area:1,965 sqft
Price/sqft:$1,158
Beds:3
Baths:2
Year Built:—
Weight:21.1%
602 N Martel Ave, Los Angeles, CA 90036

602 N Martel Ave, Los Angeles, CA 90036

Sale: $1,765,000

11/25/2024 • 0.32 mi

Area:2,000 sqft
Price/sqft:$883
Beds:3
Baths:2
Year Built:—
Weight:19.8%
806 N Martel Ave 1, Los Angeles, CA 90046

806 N Martel Ave 1, Los Angeles, CA 90046

Sale: $1,155,000

12/9/2024 • 0.48 mi

Area:1,504 sqft
Price/sqft:$768
Beds:3
Baths:3
Year Built:—
Weight:18.9%
603 N Formosa Ave, Los Angeles, CA 90036

603 N Formosa Ave, Los Angeles, CA 90036

Sale: $1,580,000

4/22/2025 • 0.15 mi

Area:1,599 sqft
Price/sqft:$988
Beds:3
Baths:2
Year Built:—
Weight:18.9%

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