1643 N Formosa Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90046
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,019 sqft
Price per Sqft $380
MLS Listing ID 25496301
Bedrooms 10
Year Built 1954
Lot Size 7,031 Sqft
Property Sub-Type Multi-Family
Property Description
FIRST TIME ON MARKET IN 25 YEARS... 1643 N Formosa Ave is a charming 8-unit apartment building located in Hollywood. Built in 1954, this well-maintained property is comprised of (6) one-bedroom / one-bathroom units and (2) two-bedroom / one-bathroom units. Additionally (2) of the 1-bedroom units will be delivered vacant, with one of them being completely remodeled. There are a total of (6) covered parking spaces with strong ADU potential, plus a community laundry room which provides additional income. The units are also separately metered for gas and electricity. The property has seen significant upgrades in recent years, such as new electrical panels and copper plumbing throughout. The property is also fully gated and secured with an electronic keypad in the driveway. The property is conveniently located just below Hollywood Blvd and one block West of La Brea Ave. Located in the prime 90046 zip code of Hollywood, this asset presents investors with an excellent opportunity to acquire a well maintained Mid-Century apartment building and capitalize on solid rental upside and detached ADU potential.
Location
State CA
County Los Angeles
Area Hollywood
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating None
Cooling Window Unit(s)
Equipment None
Laundry Community
Exterior
Parking Features Carport
Garage Spaces 6.0
Building
Story 2
Others
Special Listing Condition Standard