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$ 3,300,000
Est. payment | /mo
13 Beds
13 Baths
8,198 SqFt
$ 3,300,000
Est. payment | /mo
13 Beds
13 Baths
8,198 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,198 sqft
Price per Sqft $402
MLS Listing ID 26662069
Bedrooms 13
HOA Y/N No
Year Built 1963
Lot Size 7,553 Sqft
Property Description
100% Occupied, Turnkey Asset with Attractive Assumable Financing Steps from Sunset Boulevard We are very pleased to present 1530 Formosa Avenue, a well-maintained 10-unit multifamily property ideally located just north of Sunset Boulevard in one of Los Angeles' most desirable and walkable neighborhoods. This fully occupied, turnkey asset features an excellent unit mix of spacious one- and two-bedroom units, many of which have been thoughtfully remodeled, offering strong in-place income with additional upside potential. The property has undergone extensive capital improvements, including a new roof, completed seismic retrofit, horizontal repiping, and updated electrical systems, significantly reducing near-term capital expenditure and enhancing long-term operational stability. Positioned within walking distance to the shops, dining, and nightlife along Sunset Boulevard, residents enjoy immediate access to some of Los Angeles' most iconic destinations, including Melrose Avenue, the Sunset Strip, and the surrounding West Hollywood and Beverly Hills lifestyle corridors. This prime infill location continues to attract a strong tenant base of professionals across the entertainment, media, and technology sectors. 1530 Formosa is offered with highly attractive assumable financing, creating a favorable, below-market debt structure that is increasingly difficult to replicate in today's interest rate environment significantly enhancing day-one cash flow. The property can be acquired individually or as part of the Sunset Legacy Collection, a curated portfolio of high-quality multifamily assets across premier Los Angeles submarkets, including West Hollywood, Beverly Hills-adjacent neighborhoods, Valley Village, and Pico/Robertson. Whether purchased on a standalone basis or as part of the broader portfolio, 1530 Formosa represents a rare opportunity to acquire a stabilized, well-maintained asset in an irreplaceable location offering durable income, strong tenant demand, and long-term appreciation potential.
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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