1530 N Formosa AVE, Los Angeles, CA 90046
1530 N Formosa AVE, Los Angeles, CA 90046
1530 N Formosa AVE, Los Angeles, CA 90046
1530 N Formosa AVE, Los Angeles, CA 90046
1530 N Formosa AVE, Los Angeles, CA 90046
1530 N Formosa AVE, Los Angeles, CA 90046
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Donnie Bowen

Donnie Bowen

+1(949) 290-9754
$ 3,550,000
Est. payment | /mo

13 Beds

13 Baths

8,198 SqFt

Save Virtual Tour
$ 3,550,000
Est. payment | /mo
Save Virtual Tour

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 $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

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Listed by Dana Brody Dana Brody #01429001
NEARBY SCHOOL & BUSINESS
Donnie Bowen

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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1530 N Formosa AVE