1146 North Formosa Avenue West Hollywood, CA ^$ 2,350,000

1146 North Formosa Avenue

^$ 2,350,000

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1146 North Formosa Avenue

West Hollywood, CA, 90046

^$ 2,350,000

Studio Baths0.0 Sq 6,856

Monthly Estimate*

^$ 15,619

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Studio

Multi-Family Home for sale in West Hollywood, CA

for $2,350,000. This 6,856 square foot home was built in 1956 on a lot size of 0.16.

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!

Multi-Family Contingent

Price

^$ 2,350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.16

Year Built

1956

Town/City

West Hollywood

County/Region

Los Angeles

MLS | Web ID

0024389497

Features

General

Zoning WDR3C*

Year Built 1956

Levels Two

County Los Angeles

Net Operating Income 94208.0

New Construction No

Property Type C

HOA / Comm Assn No

Contingency Active Under Contract

Status Active Under Contract

City West Hollywood

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C10 - West Hollywood Vicinity

Lot Size Square Feet 6764.0

Street Name Formosa

Standard Status Active Under Contract

Buyer Agent Compensation Type %

Exterior

Parking Features Covered

Lot Size Area 6764.0

Building Area Total 6856.0

Lot Size Acres 0.16

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Heater Fuel Type Natural Gas

Total Stories 2

Heating Y/N Yes

Street Suffix Avenue

Laundry Features Community

Total Baths 0

* Excluded Features

List By

Jake Glaser

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

Affordability Calculator

$15,619

Per Month

Monthly Principal & Interest: $15,619
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in West Hollywood, CA

Average List Price ^$3,430,957

Percent of Sale Price 46%

About West Hollywood, CA

35,971 Population

1% Since 2002

^$69,697 Median Income

43.33 Median Age

4% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/8/2024	$2,350,000		Listed Price

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1146 North Formosa Avenue, West Hollywood, CA, 90046 is a Multi-Family Home for sale at $2,350,000 with 6,856 sqft and a lot size of 0.16. 1146 North Formosa Avenue is a studio with 0.0 baths and was built in 1956. The property's zip code is 90046 which is in West Hollywood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/25/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1146 North Formosa Avenue

Multi-Family Home for sale in West Hollywood, CA

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