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    1540 N Formosa Ave

    Los Angeles, CA 90046
    • $3,395,000
    • STATUS: Active
    • ON SITE: 72 days
    • MLS #: 21-716732
    UPDATED: 14 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 2021-06-19T23:42:44.66. 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.haciendagroupinc.com/homes/115914892
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    1540 N Formosa Ave Los Angeles, CA 90046

    • Price: $3,395,000
    • Status: Active
    • Updated: 14 min ago
    • MLS #: 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 2021-06-19T23:42:44.66. 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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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253