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1234 N Formosa Ave
West Hollywood, CA 90046
Villa Formosa · Multifamily Property For Sale
·
16 Units
Investment Highlights
- Rebuilt and fully renovated in 2016 at a cost of roughly $1.5 million
- High income producing turnkey asset with roughly ±23% rental upside potential
- Attractive financing available
- All major building systems are new circa 2016
- Units completely reframed and rebuilt with a convenient and open floor-plan
- Diverse unit mix of (4) studios + one-bath & (12) one-bedroom + one-bath
Property Facts
| No. Units | 16 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 10,080 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1927/2016 |
| Zoning | WDR3C - Multi Family | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 10,080 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1927/2016 |
| Zoning | WDR3C - Multi Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Basement
- Dining Room
Site Amenities
- Controlled Access
- Laundry Facilities
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,674 | - |
| 1+1 | 12 | $1,835 | - |
Property Taxes
| Parcel Number | 5531-008-017 | Improvements Assessment | $835,281 |
| Land Assessment | $2,469,797 | Total Assessment | $3,305,078 |
Property Taxes
Parcel Number
5531-008-017
Land Assessment
$2,469,797
Improvements Assessment
$835,281
Total Assessment
$3,305,078
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