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 or for owner occupant to make their home with additional rental income. Located between Santa Monica Blvd and Fountain with a 92 Walkscore. A block away from luxury gym Heimat, Formosa Cafe and Trader Joes, Target, Ralphs, and shops and dining on Sycamore. Larger than most lots at 6,755 SF and very lush with mature trees/shrubs. Main home has been owner occupied for 30 years, ADU now vacant with no history...One of the last remaining R3 lots ready for development in City of West Hollywood on Formosa or for owner occupant to make their home with additional rental income. Located between Santa Monica Blvd and Fountain with a 92 Walkscore. A block away from luxury gym Heimat, Formosa Cafe and Trader Joes, Target, Ralphs, and shops and dining on Sycamore. Larger than most lots at 6,755 SF and very lush with mature trees/shrubs. Main home has been owner occupied for 30 years, ADU now vacant with no history of low income tenants, previous tenant was paying $2571 per month. Main home has 2 bedrooms,1 bathroom and an oversized open floor plan kitchen designed by current owner and completed in the mid 90s. Back unit is 1 bed 1 bath. Indoor laundry room with 3rd bathroom connect the two structures. Both are in well kept, clean condition, suitable for your tenants or owner occupant. One of the larger lots in the area at 6,755 SF with lush grounds and functioning koi pond. Driveway suitable for 4 cars. Savvy developer or investor can add additional ADU on lot, or 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, as well as 2 other similar projects nearing completion on street. 18 luxury condos recently broke ground at 1242 N formosa. Seller financing and/or flexible escrow terms may be available. Please inquire.
- Listed by Lauren Shepherd • DRE #01895959 • Brokerage DRE #00852111 • Shepherd Realty Group
Property Details for 1221 North Formosa Avenue
Zoning
WDR3B*
StyleSpanish
Parcel Number5531007037
Living Area2150
Source Living AreaOwner
AreaWest Hollywood Vicinity (C10)
Lot Size Area6755
Source Lot Size AreaVendor Enhanced
LISTING UPDATED: 11/11/2024 01:38 PM
Property Details for 1221 North Formosa Avenue
Status | Active |
---|---|
MLS # | 24-414293 |
Days on Market | 158 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1932 |
Lot Size | 0.16 AC / 6,755 SF |
County | Los Angeles County |
Building Information for 1221 North Formosa Avenue
Stories1Year 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 |
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Date | Event & Source | Price |
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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.
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