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837 N Formosa Ave
Los Angeles, CA 90046
Adjoining Lots, 8 Units w/Land-Bank Potential · Multifamily Property For Sale
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8 Units
Investment Highlights
- Build 12± Units by Right and 20± by TOC - Build Large Units with substantial FAR
- Prime location near SMB/La Brea intersection
- Walk to Melrose and La Brea Shopping Districts
- Land Bank with current units and add ADUs - Large 15,400 SF Lot makes redevelopment easier with lower density
- Target, Best Buy, Starbucks, all a stone’s throw away
- Super Central Location
Property Facts
| No. Units | 8 | Building Size | 5,304 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1930 |
| Building Class | C | Parking Ratio | 1.89/1,000 SF |
| Lot Size | 0.35 AC | ||
| Zoning | (Q)R3-1XL Tier 1 - Build 12± Units by Right and 20± by TOC | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 5,304 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1930 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | (Q)R3-1XL Tier 1 - Build 12± Units by Right and 20± by TOC |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,239 | - |
| 1+1 | 4 | $1,433 | - |
| 2+2 | 2 | $2,800 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $618,120 | |
| Land Assessment | $2,811,630 | Total Assessment | $3,429,750 |
Property Taxes
Parcel Numbers
Land Assessment
$2,811,630
Improvements Assessment
$618,120
Total Assessment
$3,429,750
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