1530 N Formosa Avenue, Los Angeles, CA 90046

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1530 N Formosa Avenue,Los Angeles, CA 90046
$3,100,000
  • 13 Beds
  • 13 Baths
  • 8,198 sq. ft.
  • Multi-family
  • Active
Listed by: dana brody
Office: dana brody818-212-2757
MLS#:26662069
Source:CRMLS

Price summary

  • Price:$3,100,000
  • Price per sq. ft.:$378.14

About this home

Beautifully positioned north of Sunset Boulevard in the heart of one of Los Angeles' most vibrant and sought-after rental markets, 1530 Formosa Avenue offers investors a rare combination of strong current cash flow, extensive capital improvements, and exceptional long-term appreciation potential. This fully occupied 10-unit apartment community is being offered at an attractive 5.7% in-place cap rate and 12 GRM, delivering immediate, stable returns from day one. In a market where quality multifamily assets often trade at significantly lower yields, 1530 Formosa stands out as a compelling investment opportunity, combining strong in-place income with the security of a highly desirable location and a proven rental history. Ideally situated just steps from neighborhood favorites including Bossa Nova, El Compadre, Aroma Coffee & Tea, and Sunset Boulevard's renowned dining and entertainment scene, residents enjoy an unmatched walkable lifestyle at the crossroads of Hollywood, West Hollywood,...

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Home facts

  • Year built:1963
  • Listing ID #:26662069
  • Added:150 day(s) ago
  • Updated:August 07, 2026 at 10:51 AM

Rooms and interior

  • Bedrooms:13
  • Total bathrooms:13
  • Kitchen Description:Refrigerator
  • Living area:8,198 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Forced Air

Structure and exterior

  • Year built:1963
  • Building area:8,198 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,100,000
  • Price per sq. ft.:$378.14

Parking

  • Total parking spaces:10
  • Parking description:Carport, Covered, Garage
  • Garage:Yes
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