10-Unit Apartment
For Sale
$2,999,999
Pending
1530 N Formosa Ave, Los Angeles, CA 90046
Remodeled one- and two-bedroom homes include private patios and/or balconies.
Property Size8,198 SF
Days on Market234
Property Features for 1530 N Formosa Ave
General Information
Standard status
Pending
Size
8,198 SF
Property subtype
MULTI_FAMILY
Occupancy
100%
Net Operating Income
$179,492
Financials
Asking Price
$2,999,000
Cap Rate
5.98%
Site & Location
Neighborhood
Hollywood Hills West
Additional Details
Multifamily Units
10
Tenant in Place
Yes
Amenities
private patios and/or balconies
Building Details
Building Size
8,198 SF
Year Built
1963
Listing Agency:
Dana Brody
Listed By:
Dana Brody · License #01429001
(310) 849-8151
Source:
Coastline840
Added: Mar 9
Changed: Oct 27
Last Checked: Oct 26 at 1:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dana Brody
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Investment Insights
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This 10-unit apartment property contains a mix of one- and two-bedroom residences, each remodeled with contemporary finishes. Every unit has a private patio and/or balcony. The 8,198-square-foot building was constructed in 1963 and is currently 100% occupied, with a 5.98% in-place cap rate.
Capital work includes a replacement roof, completed soft-story seismic retrofit, horizontal repiping, and electrical upgrades. The property is on N Formosa Avenue in Los Angeles, near Sunset Boulevard and the West Hollywood, Hollywood, and Sunset Strip areas. Nearby dining options named in the listing include Bossa Nova, El Compadre, and Aroma Coffee & Tea.
Capital work includes a replacement roof, completed soft-story seismic retrofit, horizontal repiping, and electrical upgrades. The property is on N Formosa Avenue in Los Angeles, near Sunset Boulevard and the West Hollywood, Hollywood, and Sunset Strip areas. Nearby dining options named in the listing include Bossa Nova, El Compadre, and Aroma Coffee & Tea.
Key Highlights
- 10 units with a mix of one- and two‑bedroom residences
- 8,198‑square‑foot building constructed in 1963
- 100% occupied; 5.98% in‑place cap rate
Property Analytics
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Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,286
Businesses Nearby
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Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled one- and two-bedroom homes include private patios and/or balconies.
Where is this apartment building located?
The property is located at 1530 N Formosa Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: 10 units with a mix of one- and two‑bedroom residences; 8,198‑square‑foot building constructed in 1963; 100% occupied; 5.98% in‑place cap rate
