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Listing Details

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School Ratings & Info

Description

RARE OPPORTUNITY: Built in 1963 this 10-unit investment opportunity located North of Sunset in Hollywood. This rare offering allows the astute investor both capital preservation certainty plus excellent current and future income metrics. CAPITAL APPRECIATION: This pride of ownership asset features healthy current returns along with measurable rental upside upon unit attrition, thus providing excellent investor returns along with long term wealth appreciation. WELL LOCATED: Well located at the Center of Everything, 1540 Formosa puts you just blocks to Runyon Canyon and endless dining and shopping options along with a world-class cache of major Hollywood employers.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T21:31:45.67. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/115916614
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1540 N Formosa Avenue Los Angeles (City), CA 90046

  • Price: $3,395,000
  • Status: Active
  • Updated: 27 min ago
  • ID#: 21716732
0
Beds
0
Baths
0
½ Baths
0.17
Acres
8,198
SQFT
$414
$/SQFT
1963
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
RARE OPPORTUNITY: Built in 1963 this 10-unit investment opportunity located North of Sunset in Hollywood. This rare offering allows the astute investor both capital preservation certainty plus excellent current and future income metrics. CAPITAL APPRECIATION: This pride of ownership asset features healthy current returns along with measurable rental upside upon unit attrition, thus providing excellent investor returns along with long term wealth appreciation. WELL LOCATED: Well located at the Center of Everything, 1540 Formosa puts you just blocks to Runyon Canyon and endless dining and shopping options along with a world-class cache of major Hollywood employers.
Exterior Features

Construction Materials Stucco Parking Features Assigned Roof Composition

Property Features

Gross Income 197976 Laundry Features In Garage Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 129238 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 100 Zoning Lar3

Listing provided courtesy of Rich Johns of Kw Commercial Studio City


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T21:31:45.67. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395