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1530 N Formosa Ave
Los Angeles, CA 90046 Hollywood

$2,999,999 USD

Apartments For Sale  •  8,198 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,198 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1963
  • Zoning R3
70 Transit Score
70 Walk Score

Highlights

10-unit multifamily asset located in prime Hollywood rental market
Assumable financing at 3.74% fixed interest rate through June 2027
High demand rental pocket supported by entertainment, media, and creative employment drivers
Seismic Retrofit Complete, Horizontal Repipe and New Roof Installed
Well-positioned for long-term appreciation in a high barrier-to-entry market
100% Occupancy - Stable Income Stream with Significant Upside

Public Transportation

Commuter RailDriveWalkDistance
Glendale Amtrak (Pacific Surfliner - Amtrak) 13 min - 6.7 mi
Glendale Metrolink Station (Metrolink Antelope Valley Line - Metrolink Trains, Metrolink Ventura County Line - Metrolink Trains) 13 min - 6.7 mi
Transit/SubwayDriveWalkDistance
Hollywood/Highland Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.6 mi
AirportDriveWalkDistance
Bob Hope 18 min - 9.2 mi
Los Angeles International 28 min - 13.1 mi
Long Beach (Daugherty Field) 42 min - 30.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Covered
Included in Rent: Yes
Dana Brody 310-849-8151 Marcus & Millichap
Dana Brody 310-849-8151 Marcus & Millichap