1146 N Formosa Ave | Los Angeles, CA 90046
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- LoopNet Team
1146 N Formosa Ave
Los Angeles, CA 90046
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 8 Units Built in 1956; units average 857 SqFt each
- Community laundry and 6 covered parking spots
- Full copper plumbing repipe in 2013; roof replaced in 2009
- Solid mix of (6) 1+1 and (2) 2 +1 units
- Exempt from soft-story retrofit per City of WeHo (Buyer to verify with City)
- Significantly under market rents, over 60% upside; One unit delivered vacant
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 10,250 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 0.59/1,000 SF |
| Zoning | WDR3C* | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 10,250 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.59/1,000 SF |
| Zoning | WDR3C* |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 5531-009-015 | Improvements Assessment | $688,500 |
| Land Assessment | $1,606,500 | Total Assessment | $2,295,000 |
PROPERTY TAXES
Parcel Number
5531-009-015
Land Assessment
$1,606,500
Improvements Assessment
$688,500
Total Assessment
$2,295,000
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