Los Angeles, CA 90046,1643 N Formosa Ave
Los Angeles, CA 90046,1643 N Formosa Ave
Los Angeles, CA 90046,1643 N Formosa Ave
23
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$2,290,000
Est. payment /mo
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10 BD
8 BA
6,019 SqFt
Active

1643 N Formosa Ave Los Angeles, CA 90046

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UPDATED:

02/17/2025 07:01 AM

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

Acres 0.1614

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

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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agent

Jason Tomei

Agent | RE.S.0176035

+1(702) 802-8142

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1643 N Formosa Ave