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    1540 N Formosa Avenue

    Los Angeles (City), CA 90046
    • $3,395,000
    • STATUS: Active
    • ON SITE: 171 days
    • ID#: 21716732
    UPDATED: 32 min ago
    $3,395,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,198
      SQFT
    • $414
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2021-09-27T17:30:13.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
    www.debonishomes.com/homes/115916614
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    1540 N Formosa Avenue Los Angeles (City), CA 90046

    • Price: $3,395,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 21716732
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,198
    SQFT
    $414
    $/SQFT
    1963
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - 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

    Construction Materials Stucco Parking Features Assigned Roof Composition

    Property Features

    Gross Income 197976 Laundry Features In Garage Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 129238 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 100 Zoning Lar3

    Listing provided courtesy of Rich Johns of Kw Commercial Studio City


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-27T17:30:13.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
     
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