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1234 N Formosa Ave
West Hollywood, CA 90046
4.75% Cap Rate | Prime West Hollywood, CA · Multifamily Property For Sale
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16 Units
Investment Highlights
- The most attractive cap rate (4.75%) currently offered for sale in West Hollywood
- All major building systems are new circa 2015/16
- Individually metered for gas and electric
- Rebuilt and fully renovated in 2015/16 at a cost of roughly $1.5 million
- Units completely reframed and rebuilt with a convenient and open floor-plan
- Ratio Utility Billing System (RUBS) for tenant water usage
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 | $1,790 | 625 - 650 |
| 1+1 | 12 | $1,926 | 650 |
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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