Address
1540 N Formosa Avenue Los Angeles, CA
Price
$ 3,395,000
Property Attributes
  • MLS#21716732
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90046
  • Style
  • Price$ 3,395,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Lot Size7,537 SqFt
Listing Provided Courtesy Of:
Rich Johns with KW Commercial Studio City.
Data Source:
CRMLS
Property Description

RARE OPPORTUNITY: Built in 1963 this 10-unit investment opportunity located North of Sunset in Hollywood. This rare offering allows the astute investor both capital preservation certainty plus excellent current and future income metrics. CAPITAL APPRECIATION: This pride of ownership asset features healthy current returns along with measurable rental upside upon unit attrition, thus providing excellent investor returns along with long term wealth appreciation. WELL LOCATED: Well located at the Center of Everything, 1540 Formosa puts you just blocks to Runyon Canyon and endless dining and shopping options along with a world-class cache of major Hollywood employers.

Price History
4/9/2021 Listed $3,395,000

General Features

Construction Materials Stucco
Listing Agent Rich Johns - BRE#01432215
Listing Agent State License 01432215
MLS Area C20 - Hollywood
Parking Features Assigned
Property Type Residential Income
Roof Composition
Special Listing Conditions Standard
Total Units 10
Zoning LAR3

Interior Features

Laundry Features In Garage

Exterior Features

Lot Size Acres 0.17
Lot Size Area 7537
Lot Size Square Feet 7537
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90046

Price
AVG $2.4M
$3.4M
Visits
AVG 15
42
Year Built
AVG 1940
1963
Walkscore
AVG 92
97
Data Provided by Walkscore ® not using MLS data

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