837 N Formosa Ave Los Angeles, CA 90046

• April, 2023

• Apr 25, 2023

  Date

  Sold

  CRMLS: 24368313

  $1,875,000

  Price

• Feb 10, 2023

  Date

  Active

  CRMLS: 24368313

  $1,875,000

  Price

• January, 2023

• Jan 28, 2023

  Date

  Expired

  CRMLS: 22220895

  $1,899,000

  Price

• Nov 28, 2022

  Date

  Active

  CRMLS: 22220895

  $1,899,000

  Price

• Listing provided courtesy of CRMLS

  Great opportunity to purchase a six unit apartment building in a highly desirable area in between Melrose Ave and Santa Monica Blvd. This six unit building has four 1bed/1bath units, and two studios. One 1bed/1bath will be delivered vacant. With a massive 7,700 SF R3-1XL lot, this parcel is great for redevelopment. The duplex right next door is also for sale - 843 N Formosa Ave. The properties can be purchased separately or together. Very unique opportunity to own two adjacent lots in Hollywood, with a combined 15,400 SF of land.

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• November, 2022

• Nov 27, 2022

  Date

  Expired

  CRMLS: 22195609

  $3,650,000

  Price

• Sep 1, 2022

  Date

  Active

  CRMLS: 22195609

  $3,750,000

  Price

• Listing provided courtesy of CRMLS

  $100k REDUCTION! We are proud to exclusively present for sale two side-by-side residential income buildings in Los Angeles with great potential for redevelopment! These West Hollywood adjacent properties are as centrally located as centrally located gets, with easy access to all scales of dining, great nightlife, all the shopping on Melrose Ave. and Santa Monica Blvd. and just about anything a tenant could desire within a quick grasp! With a combined 15,400 SF of (Q)R3-1XL Tier 1 land, these properties are a great land-bank for your future, with income available right now. The Duplex features two side-by-side 2 bedroom, 1 bathroom units in a picturesque building dating to 1925. The two homes share a spacious 2,254 SF, five one car garages in back, and additional surface parking that can comfortably fit 4 cars. The Six Unit Building features six side-by-side units which are comprised of 2 studios and four 1 bed / 1 bath homes. The Building dates to 1930 and the units share 3,050 SF with six open air parking spaces in back. As a land-bank opportunity, the base density would translate to 12 units, while the Tier 1 TOC pushes that up to 20 units. There is always the potential to then add additional units through ADU permitting. WeHo-Adjacent with the City of LA's Building and Safety that allows for higher density. Just a hop and a skip to the West Hollywood Gateway Shopping Center with Target, Best Buy, dining and more, or head south to Melrose with all the nightlife that is on offer. Just down the street from the La Brea Corridor and Poinsettia Park. A very trendy neighborhood with strong demand from renters! Listing includes 837 & 843 N. Formosa Ave. with the following APNs: 5525-002-007 & 5525-002-036.

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• June, 2022

• Jun 1, 2022

  Date

  Expired

  CRMLS: 22152912

  $1,895,000

  Price

• May 3, 2022

  Date

  Active

  CRMLS: 22152912

  $1,900,000

  Price

• Listing provided courtesy of CRMLS

  We are pleased to present for sale 837 Formosa Ave, a 1930 6-unit apartment building located in an excellent Hollywood neighborhood. Situated on a 7,703 sq ft lot, the property consists of 3,050 rentable square feet and features a total of 6-units, including 4 (four) 1 bedroom/1 bath and 2 (2) Studios/ 1 bath. Located just outside of the West Hollywood city lines and rated 93 on Walkscore, residents can enjoy convenient access to an array of restaurants, grocery stores, parks and entertainment, as well as excellent schools nearby rated 9/10 (rating by GreatSchools.org). Considering this property has recently been under the same ownership for over 30 years, this is an excellent opportunity for investors looking for significant upside potential; by repositioning the asset through renovations of both the interior and exterior, buyers will be able to significantly drive rents up all whilst establishing a higher value of the property. Alternatively, by utilizing density bonus, developers can build up to 12 units. Don't miss out on the opportunity to own in this highly desirable area ripe with new development.

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• April, 2022

• Apr 7, 2022

  Date

  Sold

  CRMLS: 22117993

  $1,720,000

  Price

• Jan 12, 2022

  Date

  Active

  CRMLS: 22117993

  $1,700,000

  Price

• Listing provided courtesy of CRMLS

  We are pleased to present for sale 837 Formosa Ave, a 1930 6-unit apartment building located in an excellent Hollywood neighborhood. Situated on a 7,703 sq ft lot, the property consists of 3,050 rentable square feet and features a total of 6-units, including 4 (four) 1 bedroom/1 bath and 2 (2) Studios/ 1 bath. Located just outside of the West Hollywood city lines and rated 93on Walkscore, residents can enjoy convenient access to an array of restaurants, grocery stores, parks and entertainment, as well as excellent schools nearby rated 9/10 (rating by GreatSchools.org). Considering this property has been under the same ownership for over 30 years, this is an excellent opportunity for investors looking for significant upside potential; by repositioning the asset through renovations of both the interior and exterior, buyers will be able to significantly drive rents up all whilst establishing a higher value of the property.

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