1339 North Formosa Avenue

Los Angeles, CA 90046

$1,135,000
Last Sold Price
4
Beds
2
Baths
1,444 Sq. Ft.
$786 / Sq. Ft.
1,444
Sq. Ft.
$786
per Sq. Ft.

Description

Located in the heart of Hollywood, this delightful Spanish duplex affords the opportunity of home ownership with the supplementary benefit of rental income. Both units deliver 2 bedroom and 1 bathroom floor plans, ample natural light, original hardwood flooring, and whimsical arched doorways. This unique property suggests the potential for building an Accessory Dwelling Unit (ADU) as well as an increase in rental income. Location central to The Lot at Formosa Studios, Paramount Studios, Netflix,...Located in the heart of Hollywood, this delightful Spanish duplex affords the opportunity of home ownership with the supplementary benefit of rental income. Both units deliver 2 bedroom and 1 bathroom floor plans, ample natural light, original hardwood flooring, and whimsical arched doorways. This unique property suggests the potential for building an Accessory Dwelling Unit (ADU) as well as an increase in rental income. Location central to The Lot at Formosa Studios, Paramount Studios, Netflix, West Hollywood Gateway shopping center, Plummer Park, Runyon Canyon, Trader Joe's, Sunset Boulevard, retail, dining and services. Great opportunity as an owner/user investment or investor.

Listing Agent

  1. Marc Hernandez

    Marc Hernandez

    Listing Agent

    Compass

    DRE #00882850

Property Details for 1339 North Formosa Avenue

Zoning
LAR3
Style
Spanish
Cross Streets
Fountain Ave
Parcel Number
5548021005
Total Units
2.0
Living Area
1444
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)

Location

Listing Courtesy of Compass, Marc Hernandez, DRE #00882850; Compass, Scott Syme Jr., DRE #02007311

Sold By Rodeo Realty - Beverly Hills, Trenten Rocha, DRE #02101199

Add your commute
LISTING UPDATED: 07/18/2022 06:26 PM

Property Details for 1339 North Formosa Avenue

StatusSold
MLS #22-150789
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.09 AC / 3,759 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Marc Hernandez, DRE #00882850; Compass, Scott Syme Jr., DRE #02007311

Sold By Rodeo Realty - Beverly Hills, Trenten Rocha, DRE #02101199

Add your commute

Virtual Tour

Building Information for 1339 North Formosa Avenue

Stories-Residences-Year Built1922Building Size-Lot Size0.09 AC / 3,759 SF

Payment Calculator

$7,352 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,194

Property Taxes

$1,158

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1339 North Formosa Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 2 bed 1 bath
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $73,140
  • Net Operating Income: $57,600.00
  • Gross Income: $73,140
  • Cap Rate: 4.82%
  • Gross Rent Multiplier: $16.34
  • Total Annual Expense: 15540
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0863
  • Lot Size Square Feet: 3759
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 2
  • Parking Features: Driveway
Interior Features
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Flooring: Hardwood
  • Equipment: Range/Oven, Refrigerator, Washer, Gas Or Electric Dryer Hookup
  • Common Walls: Attached
  • Laundry: Washer Included
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Flat
  • New Construction: No
  • Other Structures: Accessory Bldgs, Other, Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 04-28-2022
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,995.00
  • Unit Actual Rent: $3,100.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $3,100.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 1339 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 1339 North Formosa Avenue

Taxable ValueLand$800,000Additions$335,000Total$1,135,000
Tax Record2023$13,893 ($1,158 / month)
Home Facts
Total Finished SqFt1,444 SqFtAbove Grade Finished SqFt1,444 SqFtLot Size3,759 SqFtStyleDuplexYear Built1922ZoningLAR3CountyLOS ANGELESAPN5548-021-005

Schools near 1339 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
Charter - K to 12
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

Larchmont Charter School
CharterK to 12

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 Compass, Marc Hernandez, DRE #00882850; Compass, Scott Syme Jr., DRE #02007311

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.