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1540 N Formosa Ave

Los Angeles, CA 90046
  • $3,395,000
  • STATUS: Active
  • ON SITE: 71 days
  • ID#: 21-716732
UPDATED: 44 min ago
$3,395,000
  • 13
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,198
    SQFT
  • $414
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

Description

RARE OPPORTUNITY: Built in 1963 this 10-unit investment opportunity located North of Sunset in Hollywood. This rare offering allows the astute investor both capital preservation certainty plus excellent current and future income metrics. CAPITAL APPRECIATION: This pride of ownership asset features healthy current returns along with measurable rental upside upon unit attrition, thus providing excellent investor returns along with long term wealth appreciation. WELL LOCATED: Well located at the Center of Everything, 1540 Formosa puts you just blocks to Runyon Canyon and endless dining and shopping options along with a world-class cache of major Hollywood employers.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-19T11:42:36.097. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/115914892
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1540 N Formosa Ave Los Angeles, CA 90046

  • Price: $3,395,000
  • Status: Active
  • Updated: 44 min ago
  • ID#: 21-716732
13
Beds
0
Baths
0
½ Baths
0.17
Acres
8,198
SQFT
$414
$/SQFT
1963
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
RARE OPPORTUNITY: Built in 1963 this 10-unit investment opportunity located North of Sunset in Hollywood. This rare offering allows the astute investor both capital preservation certainty plus excellent current and future income metrics. CAPITAL APPRECIATION: This pride of ownership asset features healthy current returns along with measurable rental upside upon unit attrition, thus providing excellent investor returns along with long term wealth appreciation. WELL LOCATED: Well located at the Center of Everything, 1540 Formosa puts you just blocks to Runyon Canyon and endless dining and shopping options along with a world-class cache of major Hollywood employers.
Exterior Features

Exterior Construction Stucco Lot Size Area 7537 Other Structures None Parking Garage Assigned Roof Composition Total Parking 10

Interior Features

Baths Total 13.00 Cooling Other Equipment Other Heating Other Laundry GarageLaundry Area

Property Features

Assessed Total Value 476322 Gross Income 197976 Gross Operating Income 194016 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 129238.00 Number Of Buildings 1 Number Of Units 10 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 64778 Type Of Units Income Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Rich Johns DRE#01432215 of Kw Commercial Studio City.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-19T11:42:36.097. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064