1221 North Formosa Avenue
$2,290,000
3
3
2,150
2,150
$1,065
Description
One of the last remaining R3 lots ready for development in City of West Hollywood on Formosa. Larger than most lots at 6,755 SF and very lush with mature trees/shrubs or room to add an ADU for a total of 3 units. Located between Santa Monica Blvd and Fountain with a 92 Walkscore for restaurants shopping and dining, near luxury Heimat gym, Trader Joe's and many production studios including Netlfix. Savvy developer or investor can build luxury small lot subdivision SFR/condos. Affordable housing possibilities...One of the last remaining R3 lots ready for development in City of West Hollywood on Formosa. Larger than most lots at 6,755 SF and very lush with mature trees/shrubs or room to add an ADU for a total of 3 units. Located between Santa Monica Blvd and Fountain with a 92 Walkscore for restaurants shopping and dining, near luxury Heimat gym, Trader Joe's and many production studios including Netlfix. Savvy developer or investor can build luxury small lot subdivision SFR/condos. Affordable housing possibilities and AB2097 eligible for limited or reduced parking requirements. No ULA tax. Wide street, easy construction access. Five 3-level townhomes directly next door are currently under construction nearing completion, 18 luxury condos recently broke ground at 1242 N formosa. Home occupied by owner, tenant in back unit, CAN NOW BE DELIVERED VACANT. Seller financing possible. Please call for details.
- Listed by Lauren Shepherd • DRE #01895959 • Brokerage DRE #00852111 • Shepherd Realty Group
Property Details for 1221 North Formosa Avenue
Zoning
WDR3B*
Parcel Number5531007037
Total Units2.0
Living Area2150
Source Living AreaOwner
AreaWest Hollywood Vicinity (C10)
Vacancy Rate0
Lot Size Area6755
LISTING UPDATED: 11/11/2024 01:38 PM
Property Details for 1221 North Formosa Avenue
Status | Active |
---|---|
MLS # | 24-397077 |
Days on Market | 208 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1932 |
Lot Size | 0.16 AC / 6,755 SF |
County | Los Angeles County |
Building Information for 1221 North Formosa Avenue
Stories-Residences-Year Built1932Building Size-Lot Size0.16 AC / 6,755 SF
Property Information for 1221 North Formosa Avenue
Property History for 1221 North Formosa Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1221 North Formosa Avenue
Taxable ValueLand$223,116Additions$108,259Total$331,375
Tax Record2024$5,185 ($432 / month)
Home Facts
Total Finished SqFt1,909 SqFtAbove Grade Finished SqFt1,909 SqFtLot Size6,772 SqFtStyleDuplexYear Built1932ZoningWDR3B*CountyLOS ANGELESAPN5531-007-037
Schools near 1221 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.