9-Unit Apartment
New
For Sale
$2,895,000
1629 N Formosa Ave, Los Angeles, CA 90046
Seven residences have updated interiors, alongside separately metered utilities and on-site parking.
Property Size7,250 SF
Days on Market2
Property Features for 1629 N Formosa Ave
General Information
Standard status
Active
Size
7,250 SF
Property subtype
Multifamily
Occupancy
100%
Financials
Asking Price
$2,895,000
Cap Rate
5.42%
Units
Unit Mix
7 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
9
Amenities
Situated near Sunset Boulevard, with convenient access to West Hollywood's restaurants, shopping, entertainment, and surrounding employment centers.
Seven of the nine units feature remodeled interiors, with potential to further enhance the remaining residences over time.
Seven one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units.
Based on the financial summary's market rent assumptions and projected expenses.
Supports efficient property management and expense allocation.
An established rental property in a desirable central Los Angeles location.
A significant capital improvement that enhances the property's investment profile.
Building Details
Building Size
7,250 SF
Units
9
Construction
Mid-Century
Listing Agency:
Encino Office
Listed By:
Dana Brody · License #License(s): CA: 01429001
(818) 212-2757
Source:
Marcusmillichap
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:13AM
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 Encino Office
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Investment Insights
Based on property information with market context.
This nine-unit apartment property includes seven one-bedroom, one-bathroom residences and two two-bedroom, one-bathroom residences. Seven units have been remodeled, and the building has completed seismic retrofit work. Utilities are separately metered, with parking available on site.
The property is at 1629 N Formosa Ave in Los Angeles.
The property is at 1629 N Formosa Ave in Los Angeles.
Key Highlights
- Nine apartments: seven one‑bedroom, one‑bathroom units and two two‑bedroom, one‑bathroom units
- Seven of the nine residences have been remodeled
- Completed seismic retrofit
Property Analytics
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Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
4,586
Businesses Nearby
Explore this area
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 - Seven residences have updated interiors, alongside separately metered utilities and on-site parking.
Where is this apartment building located?
The property is located at 1629 N Formosa Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Nine apartments: seven one‑bedroom, one‑bathroom units and two two‑bedroom, one‑bathroom units; Seven of the nine residences have been remodeled; Completed seismic retrofit
