1235 N Formosa Ave

West Hollywood, CA 90046

$2,730,000
Last Sold Price
5
Beds
14
Baths
8,854 Sq. Ft.
$308 / Sq. Ft.
8,854
Sq. Ft.
$308
per Sq. Ft.

Description

We are pleased to offer 1235 N Formosa Ave, West Hollywood, CA 90046—a prime value-add opportunity consisting of 10 apartment units with strong upside potential. Built in the 1960s, the property features spacious 1- and 2-bedroom units, totaling approximately 8,900 sq. ft. of building area on a 6,756 sq. ft. lot, with 10 subterranean single parking spaces. Ideally situated just one block north of Santa Monica Blvd. and west of La Brea Ave., this property lies in the heart of one of Los Angeles’ most...We are pleased to offer 1235 N Formosa Ave, West Hollywood, CA 90046—a prime value-add opportunity consisting of 10 apartment units with strong upside potential. Built in the 1960s, the property features spacious 1- and 2-bedroom units, totaling approximately 8,900 sq. ft. of building area on a 6,756 sq. ft. lot, with 10 subterranean single parking spaces. Ideally situated just one block north of Santa Monica Blvd. and west of La Brea Ave., this property lies in the heart of one of Los Angeles’ most vibrant and walkable neighborhoods. With a Walk Score of 91, residents enjoy easy access to an array of dining, shopping, and entertainment options—making it a highly desirable location for tenants and a strategic investment for new ownership.
  1. Listed by Akash Saini • DRE #02010158 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas • 916-704-4184

Property Details for 1235 North Formosa Avenue

Parking Spaces Total
10
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8854
Assessor Parcel Number
5531-007-040
Property Attached YN
true
LISTING UPDATED: 04/29/2025 06:17 AM

Property Details for 1235 North Formosa Avenue

StatusClosed
MLS #SR25091539
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Calabasas, Akash Saini, DRE #02010158

Sold By Keller Williams Realty Calabasas, Akash Saini, DRE #02010158

Add your commute

Building Information for 1235 North Formosa Avenue

Building/Complex1235 N Formosa AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1960Building Size-

Payment Calculator

$15,635 per month

30 year fixed, 6.845% Interest

Principal and Interest

$14,304

Property Taxes

$1,331

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1235 North Formosa Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $281,880
  • Gross Scheduled Income: $281,880
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $177,582
  • Laundry Income: $720
  • Gross Multiplier: 10.14
  • Cap Rate: 6.23
  • Financing: Conventional
Expense Details
  • Operating Expense: $98,660
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $98,660
Tax / Assessment Info
  • Tax Tract Number: 117
  • Tax Census Tract: 7001.01
  • CFD/Mello-Roos Fee: $2,865
  • Tax Lot: 117
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: Street
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Walkstreet
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 10
  • Parking: Yes
  • Parking Garage: Subterranean
  • Parking Garage Spaces: 10
  • Carport Spaces: 0
  • Parking Features: Subterranean
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $7,307
  • Unit Type Total Rent: $7,307
  • Unit Type Pro Forma: 8800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $6,200
  • Unit Type Total Rent: $6,200
  • Unit Type Pro Forma: 6200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $9,923
  • Unit Type Total Rent: $9,923
  • Unit Type Pro Forma: 12800
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1

Property History for 1235 North Formosa Avenue

DateEvent & SourcePriceAppreciation
Apr 29, 2025

Sold

CLAW #SR25091539MR

$2,730,000—
Apr 29, 2025

Sold

CRMLS #SR25091539

$2,730,000—
Apr 29, 2025

Sold

SDMLS #SR25091539

$2,730,000—
Apr 28, 2025

Pending

CRMLS #SR25091539

—
Apr 27, 2025

Pending

SDMLS #SR25091539

—
Apr 27, 2025

Pending

CLAW #SR25091539MR

—
Apr 25, 2025

Listed (Active)

SDMLS #SR25091539

$2,850,000—
Apr 25, 2025

Listed (Active)

CRMLS #SR25091539

$2,850,000—
Apr 24, 2025

Listed (Active)

CLAW #SR25091539MR

$2,850,000—
Mar 28, 2025

Sold (Public Record)

Public Record #1556460043

$2,730,000—
May 6, 2015

Expired

CRMLS #722709

$549,000—
Oct 2, 2001

Expired

CLAW #00-388213

$795,000—
Oct 2, 2000

Listed (Active)

CLAW #00-388213

$795,000—
Oct 17, 1999

Expired

CLAW #99-023697

$639,000—
Jul 22, 1999

Listed (Active)

CLAW #99-023697

$639,000—
Jul 14, 1999

Pending

CLAW #99-023697

—
May 17, 1999

Listed (Active)

CLAW #99-023697

$639,000—
Jul 28, 1998

Expired

CLAW #722709

$549,000—
Jul 28, 1998

Expired

SDMLS #722709

—
Feb 27, 1998

Listed (Active)

CLAW #722709

$549,000—
Jul 29, 1997

Listed (Active)

CRMLS #722709

$549,000—
Jul 29, 1997

Listed (Active)

SDMLS #722709

$549,000—
DateEvent & SourcePrice
04/29/2025

Sold

CLAW #SR25091539MR

$2,730,000
04/29/2025

Sold

CRMLS #SR25091539

$2,730,000
04/29/2025

Sold

SDMLS #SR25091539

$2,730,000
04/28/2025

Pending

CRMLS #SR25091539

—
04/27/2025

Pending

SDMLS #SR25091539

—
04/27/2025

Pending

CLAW #SR25091539MR

—
04/25/2025

Listed (Active)

SDMLS #SR25091539

$2,850,000
04/25/2025

Listed (Active)

CRMLS #SR25091539

$2,850,000
04/24/2025

Listed (Active)

CLAW #SR25091539MR

$2,850,000
03/28/2025

Sold (Public Record)

Public Record #1556460043

$2,730,000
05/06/2015

Expired

CRMLS #722709

$549,000
10/02/2001

Expired

CLAW #00-388213

$795,000
10/02/2000

Listed (Active)

CLAW #00-388213

$795,000
10/17/1999

Expired

CLAW #99-023697

$639,000
07/22/1999

Listed (Active)

CLAW #99-023697

$639,000
07/14/1999

Pending

CLAW #99-023697

—
05/17/1999

Listed (Active)

CLAW #99-023697

$639,000
07/28/1998

Expired

CLAW #722709

$549,000
07/28/1998

Expired

SDMLS #722709

—
02/27/1998

Listed (Active)

CLAW #722709

$549,000
07/29/1997

Listed (Active)

CRMLS #722709

$549,000
07/29/1997

Listed (Active)

SDMLS #722709

$549,000

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

Public Records for 1235 North Formosa Avenue

Taxable ValueLand$590,913Additions$517,726Total$1,108,639
Tax Record2024$15,967 ($1,331 / month)
Home Facts
Total Finished SqFt8,854 SqFtAbove Grade Finished SqFt8,854 SqFtLot Size6,756 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningWDR3B*CountyLOS ANGELESAPN5531-007-040

Schools near 1235 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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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 Keller Williams Realty Calabasas, Akash Saini, DRE #02010158

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.