1132 N Formosa Ave | Los Angeles, CA 90046
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- LoopNet Team
1132 N Formosa Ave
Los Angeles, CA 90046
WeHo Turnkey Complex Next to Formosa Park · Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- 1132 N. Formosa is a turnkey 9-unit complex, next to Formosa Park, located in walkable and premium West Hollywood neighborhood.
- Recently upgraded with new electrical, a new water heater in 2021, new roof shingles, and soft-story retrofit completion (buyer to verify)
- Property amenities include community laundry and five tandem parking spaces.
- Located block from Santa Monica Blvd. and La Brea Ave (West Hollywood Gateway), and an array of coffee shops, cafes & quick bite eateries.
- 6 out of 9 renovated units feature wood-vinyl flooring, quartz countertops, stainless-steel appliances, updated tile, and more.
- Minutes from several large employment hubs, including well-known Hollywood employers - Netflix, KTLA-5, Paramount Studios, Kaiser Permanente & more.
PROPERTY FACTS
| No. Units | 9 | Building Size | 6,325 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | WDR3C* | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,325 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | WDR3C* |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Refrigerator
- Linen Closet
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $2,865 | - |
| 2+1 | 1 | $3,150 | - |
| 1+1 | 6 | $2,046 | - |
| Studios | 1 | $1,746 | - |
PROPERTY TAXES
| Parcel Number | 5531-009-018 | Improvements Assessment | $1,093,645 |
| Land Assessment | $3,335,618 | Total Assessment | $4,429,263 |
PROPERTY TAXES
Parcel Number
5531-009-018
Land Assessment
$3,335,618
Improvements Assessment
$1,093,645
Total Assessment
$4,429,263
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