West Hollywood, CA 90046,1146 N Formosa AVE
West Hollywood, CA 90046,1146 N Formosa AVE
West Hollywood, CA 90046,1146 N Formosa AVE
West Hollywood, CA 90046,1146 N Formosa AVE
West Hollywood, CA 90046,1146 N Formosa AVE
West Hollywood, CA 90046,1146 N Formosa AVE
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$2,250,000

$2,350,000

4.3%
Est.Price: ?

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Est. payment /mo

10 Beds

8 Baths

6,856 SqFt


SOLD DATE : 06/17/2024

Key Details

Sold Price $2,250,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,856 sqft

Price per Sqft $328

MLS Listing ID 24389497

Sold Date 06/17/24

Bedrooms 10

HOA Y/N No

Year Built 1956

Lot Size 6,764 Sqft

Property Description

Fantastic 8-unit investment property located in prime West Hollywood. This is the first time the property's been on the market in approximately 46 years! The mid-century apartment complex, built in 1956, offers a total of 6,856 square feet of living space, with each unit boasting 857 square feet on average. The building features a strong unit mix, of (2) spacious 2-bedroom/1-bath units and (6) large 1-bed / 1-bath units. Four of the eight units have received interior upgrades over the years, and the building has received significant capital improvements including a full copper repipe in 2013. The roof was also fully replaced in 2009. Additionally, the property's tuck-under parking with 6 spots in the back of the lot does not require a soft-story retrofit per the City of West Hollywood (Buyer to verify with City). One unit will also be delivered vacant. 1146 N Formosa is occupied by several long-term tenants, offering over 60% upside on the current rents!

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3C*

Interior

Heating Natural Gas

Fireplace No

Laundry Common Area

Exterior

Garage Covered

Parking Type Covered

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5531009015

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
Bought with Lee Mintz • Compass
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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