1146 North Formosa Avenue
1146 North Formosa Avenue
$2,350,000
10
8
6,856
6,856
$343
Description
Fantastic 8-unit investment property located in prime West Hollywood. This is the first time the property's been on the market in approximately 46 years! The mid-century apartment complex, built in 1956, offers a total of 6,856 square feet of living space, with each unit boasting 857 square feet on average. The building features a strong unit mix, of (2) spacious 2-bedroom/1-bath units and (6) large 1-bed / 1-bath units. Four of the eight units have received interior upgrades over the years, and...Fantastic 8-unit investment property located in prime West Hollywood. This is the first time the property's been on the market in approximately 46 years! The mid-century apartment complex, built in 1956, offers a total of 6,856 square feet of living space, with each unit boasting 857 square feet on average. The building features a strong unit mix, of (2) spacious 2-bedroom/1-bath units and (6) large 1-bed / 1-bath units. Four of the eight units have received interior upgrades over the years, and the building has received significant capital improvements including a full copper repipe in 2013. The roof was also fully replaced in 2009. Additionally, the property's tuck-under parking with 6 spots in the back of the lot does not require a soft-story retrofit per the City of West Hollywood (Buyer to verify with City). One unit will also be delivered vacant. 1146 N Formosa is occupied by several long-term tenants, offering over 60% upside on the current rents!
- Listed by Jake Glaser • DRE #02128816 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 1146 North Formosa Avenue
Zoning
WDR3C*
Parcel Number5531009015
Total Units8.0
Living Area6856
Source Living AreaVendor Enhanced
AreaWest Hollywood Vicinity (C10)
Vacancy Rate1
Lot Size Area6764
Location
LISTING UPDATED: 05/16/2024 12:01 AM
Property Details for 1146 North Formosa Avenue
Status | Active |
---|---|
MLS # | 24-389497 |
Days on Market | 17 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1956 |
Lot Size | 0.16 AC / 6,764 SF |
County | Los Angeles County |
Location
Building Information for 1146 North Formosa Avenue
Stories2Residences-Year Built1956Building Size-Lot Size0.16 AC / 6,764 SF
Payment Calculator
$13,258 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1146 North Formosa Avenue
Property History for 1146 North Formosa Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1146 North Formosa Avenue
Taxable ValueLand$58,648Additions$173,012Total$231,660
Tax Record2023$5,192 ($433 / month)
Home Facts
Total Finished SqFt6,856 SqFtAbove Grade Finished SqFt6,856 SqFtLot Size6,762 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningWDR3C*CountyLOS ANGELESAPN5531-009-015
Schools near 1146 North Formosa Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Gardner Street Elementary School PublicK to 5 | ||
Hubert Howe Bancroft Middle School Public6 to 8 | ||
Hollywood Senior High School Public9 to 12 | ||
Melrose Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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