Address
1540 North Formosa Avenue Los Angeles, CA
Price
$ 3,395,000
Property Attributes
  • MLS#0021716732
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90046
  • Style
  • Price$ 3,395,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8198
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
KW Commercial Studio City
Data Source:
California Desert Association of REALTORS
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
MLS Area C20 - Hollywood
Parking Features Assigned
Roof Composition
Senior Community Y/N No
Zoning LAR3

Interior Features

Laundry Features In Garage
Total Stories 1

Exterior Features

Building Area Total 8198.0
Land Lease Type Fee
Lot Size Acres 0.17
Lot Size Area 7537.0
Lot Size Square Feet 7537.0
Lot Size Units Square Feet
Numberofunitsbuildings 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 $2.48M
$3.4M
Visits
AVG 51
1
Year Built
AVG 1940
1963
Walkscore
AVG 92
97
Data Provided by Walkscore ® not using MLS data

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