Address
1541 N Formosa Avenue Los Angeles, CA
Price
$ 7,350,000
Property Attributes
  • MLS#20610652
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90046
  • Style
  • Price$ 7,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.33 Acres
Listing Provided Courtesy Of:
Brent Sprenkle with Berkadia.
Property Description

Price reduced by $100,000. The new asking price is $7,350,000. The property is individually metered for gas and electricity. The two-levels of apartments are situated around a courtyard with an attractive swimming pool and patio with barbecue at the rear of the property. Boasting a Walk Score of 96, the property is steps away from Runyon Canyon, Sunset Boulevard, Santa Monica Boulevard, and La Brea Avenue and is a true walkers paradise. Several units have been recently upgraded and renovated during unit turnover but there remains an impressive amount of rental upside for a new owner to take advantage of. There is a storage area that could be potentially converted into a legal unit through the city's ADU program. Amenities at this community include full kitchens, hardwood floors, two-story lobby, air conditioning, gated access, swimming pool with barbecue area, landscaped courtyard,covered parking, and balconies and patio in select units.

Price History
7/28/2020 Listed $7,450,000
9/1/2020 2% - $7,350,000

General Features

Appliances Barbecue
Directions Situated on North Formosa Avenue between Hollywood Boulevard & Sunset Boulevard.
Heating Wall Furnace
Listagentaor Out of Area Board
Listing Agent Brent Sprenkle - BRE#01290116
Listing Agent State License 01290116
MLS Area C20 - Hollywood
Parking Features Covered
Source System CRMLS
Special Listing Conditions Standard
Total Units 20
Zoning LAR3

Interior Features

Appliances Y/N Yes
Heating Y/N Yes
Total Stories 2

Exterior Features

Lot Size Acres 0.3300
Lot Size Area 14635.0000
Lot Size Source Assessor
Lot Size Square Feet 14635.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90046

Price
AVG $5.32M
$7.35M
Visits
AVG 28
76
Year Built
AVG 1947
1961
Walkscore
AVG 90
97
Data Provided by Walkscore ® not using MLS data

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