1132 North Formosa Avenue

West Hollywood, CA 90046

$3,750,000
Price
10
Beds
10
Baths
6,325 Sq. Ft.
$593 / Sq. Ft.
6,325
Sq. Ft.
$593
per Sq. Ft.

Description

1132 N. Formosa is a turnkey 9-unit complex, next to Formosa Park, located in walkable and premium West Hollywood neighborhood. Located 1 block from Santa Monica Blvd. and La Brea Ave. the property is near a large selection of artisan coffee shops, charming cafes, buzzing quick bite eateries, trendy boutiques, private gyms, and highly reviewed restaurants. The property is meticulously maintained by ownership & recently upgraded with new electrical, a new water heater in 2021, new roof shingles, and...1132 N. Formosa is a turnkey 9-unit complex, next to Formosa Park, located in walkable and premium West Hollywood neighborhood. Located 1 block from Santa Monica Blvd. and La Brea Ave. the property is near a large selection of artisan coffee shops, charming cafes, buzzing quick bite eateries, trendy boutiques, private gyms, and highly reviewed restaurants. The property is meticulously maintained by ownership & recently upgraded with new electrical, a new water heater in 2021, new roof shingles, and soft-story retrofit completion (buyer to verify). 6 out of 9 renovated units feature wood-vinyl flooring, quartz countertops, stainless-steel appliances, updated tile, and more. Property amenities include community laundry and five tandem parking spaces.

Listing Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

    kenny.stevens@compass.com

    P: (310)-968-7005

Property Details for 1132 North Formosa Avenue

Zoning
WDR3C*
Cross Streets
Santa Monica Blvd. & Formosa Ave.
Parcel Number
5531009018
Total Units
9.0
Living Area
6325
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
1 unit
LISTING UPDATED: 11/14/2024 11:05 AM

Property Details for 1132 North Formosa Avenue

StatusActive
MLS #24-463661
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.16 AC / 6,970 SF
CountyLos Angeles County

Building Information for 1132 North Formosa Avenue

Stories2Residences-Year Built1957Building Size-Lot Size0.16 AC / 6,970 SF

Property Information for 1132 North Formosa Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: West
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $247,467
  • Net Operating Income: $164,720.00
  • Gross Income: $253,812
  • Gross Rent Multiplier: $14.77
  • Financial Info as Of: 11/14/2024
  • Total Annual Expense: 82746
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1593
  • Lot Size Square Feet: 6970
  • Lot Location: None
Parking Details
Parking Details
  • Parking Garage: Tandem
  • Total Parking: 5
  • Parking Features: Tandem Garage
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood Laminate, Tile
  • Equipment: Dishwasher, Garbage Disposal, Built-Ins, Cable, Freezer, Refrigerator, Range/Oven
  • Common Walls: Attached
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-14-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,865.00
  • Unit Actual Rent: $2,865.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,150.00
  • Unit Actual Rent: $3,150.00
  • Unit Projected Rent: $3,150.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,216.00
  • Unit Actual Rent: $13,300.00
  • Unit Projected Rent: $15,570.00
  • Like Units: 6
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,746.00
  • Unit Actual Rent: $1,746.00
  • Unit Projected Rent: $1,895.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 1132 North Formosa Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1132 North Formosa Avenue

Taxable ValueLand$3,270,214Additions$1,072,841Total$4,343,055
Tax Record2024$54,000 ($4,500 / month)
Home Facts
Total Finished SqFt6,325 SqFtAbove Grade Finished SqFt6,325 SqFtLot Size6,939 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningWDR3C*CountyLOS ANGELESAPN5531-009-018

Schools near 1132 North Formosa Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Melrose Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1132 North Formosa Avenue is a multi-family home for sale in West Hollywood, CA 90046. This property was listed for sale on November 14, 2024 by Compass, it's currently listed at $3,750,000. It has been on the market for a total of 4 days and was last sold on October 7, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Gardner Street Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 1132 North Formosa Avenue is a 10-bed, 10-bath, 6,325 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.