1242 North Formosa Avenue

West Hollywood, CA 90046

$7,400,000
Last Sold Price
13,437 / 0.31
Lot Size / Acres

Description

West Hollywood "game-changer". Once-in-a-lifetime offering of land and RTI plans for 18 spectacular condominium units that will redefine the residential experience in West Hollywood. Once completed we anticipate this to be a "landmark" building in the middle of one of the hottest neighborhoods in the Greater Los Angeles area. Each of the units features 2 bedrooms, 2 baths, walk-in closets, sitting areas seamless outdoor-indoor lifestyles with private patio gardens and rooftop gardens for all occupants....West Hollywood "game-changer". Once-in-a-lifetime offering of land and RTI plans for 18 spectacular condominium units that will redefine the residential experience in West Hollywood. Once completed we anticipate this to be a "landmark" building in the middle of one of the hottest neighborhoods in the Greater Los Angeles area. Each of the units features 2 bedrooms, 2 baths, walk-in closets, sitting areas seamless outdoor-indoor lifestyles with private patio gardens and rooftop gardens for all occupants. Each unit will have a "house-like" feel, just minutes away from Ralphs, Target, Best Buy, Trader Joe's and some of the best restaurants, bars and boutiques. Centrally located with easy access to Hollywood, Beverly Hills, Central and West Los Angeles. If you're a developer looking for your next project, this one is a winner. Sale is for two contiguous lots APNs 5531-008-015, 016 totaling over 13,400 sq ft of land. Photos are renderings of the proposed building from the architect.
  1. Listed by Lane Aronson • DRE #00681193 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert
  2. Listed by Kirk Hawkins • DRE #01996101 • Brokerage DRE #01996101 • Paradigm

Property Details for 1242 North Formosa Avenue

Zoning
WDR3C*
Parcel Number
5531008015
Area
West Hollywood Vicinity (C10)
Lot Size Area
13437
Source Lot Size Area
Developer
Assessor Parcel Number
5531-008-015
Directions
Near Fountain

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, Lane Aronson, DRE #00681193; Paradigm, Kirk Hawkins, DRE #01996101

Sold By California Estates Realty, Paul Gilbert, DRE #01359771

Add your commute
LISTING UPDATED: 07/06/2023 07:12 PM

Property Details for 1242 North Formosa Avenue

StatusSold
MLS #22-142721
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.31 AC
CountyLos Angeles County

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, Lane Aronson, DRE #00681193; Paradigm, Kirk Hawkins, DRE #01996101

Sold By California Estates Realty, Paul Gilbert, DRE #01359771

Add your commute

Building Information for 1242 North Formosa Avenue

Lot Size0.31 AC

Payment Calculator

$42,287 per month

30 year fixed, 7.25% Interest

Principal and Interest

$40,385

Property Taxes

$1,902

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1242 North Formosa Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Mountains, Peek-A-Boo
  • View: Mountain(s), Peek-A-Boo
Contract Info
Contract Info
  • Disclosures: Rendering
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Property Report
  • Lot Size Square Feet: 13437
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 04-02-2022

Property History for 1242 North Formosa Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1242 North Formosa Avenue

Taxable ValueLand$1,474,276Additions$353,825Total$1,828,101
Tax Record2023$22,823 ($1,902 / month)
Home Facts
Total Finished SqFt1,652 SqFtAbove Grade Finished SqFt1,652 SqFtLot Size6,723 SqFtStyleDuplexYear Built1920ZoningWDR3C*CountyLOS ANGELESAPN5531-008-015

Schools near 1242 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, Lane Aronson, DRE #00681193; Paradigm, Kirk Hawkins, DRE #01996101

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.