$1,720,000
$1,700,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
837 N FORMOSA AVE Los Angeles, CA 90046
7,701 Sqft Lot
Key Details
Sold Price $1,720,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22117993
Sold Date 04/07/22
HOA Y/N No
Year Built 1930
Lot Size 7,701 Sqft
Property Description
We are pleased to present for sale 837 Formosa Ave, a 1930 6-unit apartment building located in an excellent Hollywood neighborhood. Situated on a 7,703 sq ft lot, the property consists of 3,050 rentable square feet and features a total of 6-units, including 4 (four) 1 bedroom/1 bath and 2 (2) Studios/ 1 bath. Located just outside of the West Hollywood city lines and rated 93on Walkscore, residents can enjoy convenient access to an array of restaurants, grocery stores, parks and entertainment, as well as excellent schools nearby rated 9/10 (rating by GreatSchools.org). Considering this property has been under the same ownership for over 30 years, this is an excellent opportunity for investors looking for significant upside potential; by repositioning the asset through renovations of both the interior and exterior, buyers will be able to significantly drive rents up all whilst establishing a higher value of the property.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 6
Building
New Construction No
Others
Senior Community No
Tax ID 5525002036
Special Listing Condition Standard
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Bought with Annabel Rodriguez • Pacific Inter Capital Investment Soluti