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$ 3,550,000
Est. payment /mo
Active
1530 N Formosa AVE Los Angeles, CA 90046
13 Beds
13 Baths
8,198 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,198 sqft
Price per Sqft $433
MLS Listing ID 26662069
Bedrooms 13
HOA Y/N No
Year Built 1963
Lot Size 7,553 Sqft
Property Description
We are very pleased to present 1530 Formosa, a very well-maintained 10-unit multi-family asset perfectly situated north of the world famous Sunset Boulevard and walking distance to many popular shops and restaurants. Recent improvements include completed seismic retrofit, horizontal repiping, updated electrical and a new roof. The building is 100% occupied and offers an excellent mix of large and bright one and two bedroom units, many of which have been remodeled. 1530 Formosa, which can be purchased separately or together as part of the Sunset Legacy Collection, offers investors the opportunity to acquire well-maintained apartment assets in premier infill locations with the benefit of extremely attractive assumable financing creating a highly favorable debt structure that is virtually impossible to replicate in today's interest rate environment. Strategically positioned near some of Los Angeles' most iconic corridors including Sunset Boulevard, Melrose Avenue, Robertson and Ventura Boulevards, the properties benefit from exceptional proximity to the region's premier retail, dining, nightlife, and employment centers. Residents enjoy walkable access to renowned destinations such as Melrose Place, Sunset Strip hospitality and entertainment venues, and the high-end retail and restaurant scene surrounding Beverly Hills and West Hollywood. Additional assets in Valley Village provide exposure to the San Fernando Valley's thriving studio and entertainment employment hubs, while the Pico/Robertson location offers immediate access to Beverly Hills and Century City. The buildings feature a strong mix of one, two and three bedroom units, attractive layouts, and desirable neighborhood settings that continue to drive consistent rental demand from professionals working in media, entertainment, technology, and hospitality sectors throughout Los Angeles. The Sunset Legacy Collection represents a rare portfolio acquisition opportunity, offering scale in premier Los Angeles submarkets combined with exceptionally favorable assumable financing and long-term investment stability. The portfolio is ideally suited for a high-net-worth investor or family office seeking high-quality multi-family assets in irreplaceable locations with strong long-term rental demand. For sophisticated investors seeking to acquire one or more of these trophy assets, 1530 Formosa Avenue can be purchased individually or as part of The Sunset Legacy Collection.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Covered, Carport, Garage
Total Parking Spaces 10
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5548011025
Acceptable Financing Cash
Listing Terms Cash
Financing Assumed,Cash
Special Listing Condition Standard
Virtual Tour https://vimeo.com/1172499619/6636e33434
Listed by Dana Brody Dana Brody #01429001
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