1221 N Formosa Ave West Hollywood , CA 90046
Active
$2,290,000
4%
2 Units
3 Beds
3 Baths
2,150 Area(sq.ft.)
6,755 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | n/a | n/a | $ 7,000 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,571 | $ 2,571 | $ 3,000 |
| 2 | 2 | 3 | 3 | $ 2,571 | $ 2,571 | $ 10,000 |
| MLS #: | 24-397077 |
| Days On Market: | 165 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,065 |
| Price per unit: | $ 1,145,000 |
| Year Built: | 1932 |
Property Details
One of the last remaining R3 lots ready for development in City of West Hollywood on Formosa. Larger than most lots at 6,755 SF and very lush with mature trees/shrubs or room to add an ADU for a total of 3 units. Located between Santa Monica Blvd and Fountain with a 92 Walkscore for restaurants shopping and dining, near luxury Heimat gym, Trader Joe's and many production studios including Netlfix. Savvy developer or investor can build luxury small lot subdivision SFR/condos. Affordable housing possibilities and AB2097 eligible for limited or reduced parking requirements. No ULA tax. Wide street, easy construction access. Five 3-level townhomes directly next door are currently under construction nearing completion, 18 luxury condos recently broke ground at 1242 N formosa. Home occupied by owner, tenant in back unit, CAN NOW BE DELIVERED VACANT. Seller financing possible. Please call for details.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 0 |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 0 |
| Gross Annual Income: | $ 0 |
| Gross Rent Multiplier: | 0.00 |
Structure
| Type of Units: | 2 |
| Buildings: | 1 |
| Levels: | One |
Land & Parking
| Zoning: | WDR3B* |
| Parking Garage: | Driveway |
Interior
| AC/Cooling: | Air Conditioning, Central |
| Equipment: | None |
| Heating: | Central |
| Laundry: | Laundry Area, In Closet |
Exterior
Detailed Map
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