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Financial
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Property profile

1041 N Formosa Ave West Hollywood, CA 90046

FOR LEASE
Data centers and call centers
Property ID
US09-8098467
255,868 SF 9.58 ac lot Built 1938
Last sale Aug 2007 · $15,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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1041 N Formosa Ave, West Hollywood, CA 90046 For Lease
$5.95 SF/Yr 7,619 SF available
1041 N Formosa Ave, West Hollywood, CA 90046
View Listing

Property summary

AI-generated overview

This exceptional creative office space, located at 1041 N Formosa Ave in West Hollywood, CA 90046, offers 48,520 square feet of vacant space within a 160,533 square foot building. Situated on the historic grounds of MGM and Pickford-Fairbanks Studios, this property boasts a campus-like environment perfect for collaborative work. Individual suites range from 7,205 to 23,816 contiguous square feet, providing flexibility for various business needs. Built in 1994, the building features 14-foot…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$2.79M
Tax billed · 2024
Assessed value$228.19M
Assessed land$56.53M
Assessed improvement$171.65M
Effective rate1.22%

Value estimate

· Oct 2026
$18.27M
$16.44M – $20.10M
NOI build-up
Gross scheduled income$293k
Vacancy & credit loss−$71k
Operating expenses−$56k
NOI · 2,799,075.63% cap applied$167k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$716/SF
County average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$375 – $1,527

Cap rate analysis

How does the asset earn?
2,799,075.63%
$167k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
WDC2C*
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office40.5
Building Supply39.2
Realty agency36.9

Location

1041 N Formosa Ave West Hollywood, CA 90046
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

12 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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