REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,999,999
Est. payment /mo
Active
1530 N Formosa Avenue Los Angeles, CA 90046
8,198 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,198 sqft
Price per Sqft $365
MLS Listing ID CL26662069
HOA Y/N No
Year Built 1963
Lot Size 7,555 Sqft
Acres 0.1734
Property Sub-Type Other
Property Description
Beautifully positioned North of Sunset Boulevard at the crossroads of West Hollywood, Hollywood and the Sunset Strip, 1530 N. Formosa Avenue presents an exceptional opportunity to acquire a stabilized 10-unit multifamily asset in one of Los Angeles' most sought-after rental markets. Offered at $2,999,000, or just $299,900 per unit, the property is 100% occupied and generates $179,492 of in-place NOI, representing an attractive 5.98% in-place cap rate. The property sits within a highly walkable lifestyle district surrounded by some of Los Angeles' most recognizable restaurants, entertainment venues, nightlife and cultural destinations. Residents are within walking distance of Bossa Nova, El Compadre, Aroma Coffee & Tea and the renowned dining and entertainment offerings along Sunset Boulevard, while remaining minutes from Melrose Avenue, Beverly Hills, Runyon Canyon, the Hollywood Bowl and major employment centers serving the entertainment, media, technology and creative industries. 1530 N. Formosa is exceptionally well positioned to benefit from the continued investment and transformation occurring throughout West Hollywood and the Sunset Strip. The area continues to attract new residential, retail, restaurant, hospitality and mixed-use development, further strengthening the surrounding live-work-play environment. The proposed 9034 Sunset Boulevard project represents one of the major developments planned along the Sunset corridor and calls for approximately 198 residential apartments, including 35 affordable units, along with approximately 9,250 SF of office space, 1,800 SF of restaurant space and 2,840 SF of retail. The project would add a significant new residential and commercial component to the Sunset Boulevard corridor. Additional investment is occurring throughout the broader West Hollywood area, including projects introducing new retail, food-and-beverage, wellness, gallery and pedestrian-oriented uses. This continued development is helping expand the area's amenity base and reinforce Sunset Boulevard and surrounding neighborhoods as premier destinations for residents, visitors and businesses.The nearby Beverly Hills corridor is also experiencing substantial residential and mixed-use investment, further strengthening the broader Westside/Hollywood submarket. New development along Wilshire Boulevard, Santa Monica Boulevard and Beverly Drive is adding housing, retail, dining and hospitality offerings while improving connectivity throughout the area.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 5548011025
Virtual Tour https://vimeo.com/1172499619/6636e33434
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Dana Brody • Dana Brody