1530 N Formosa Avenue Los Angeles, CA $ 3,300,000
1530 N Formosa Avenue
$ 3,300,000
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1530 N Formosa Avenue

Los Angeles, CA, 90046
$ 3,300,000
Bedrooms13 Baths7.0 Sq 8,198

Monthly Estimate*

$ 20,319

Listed by Dana Brody
1530 N Formosa Avenue, Los Angeles, CA 90046 - Image 1
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Multi-Family Home for sale in Los Angeles, CA

for $3,300,000 with 13 bedrooms and 7 full baths. This 8,198 square foot home was built in 1963 on a lot size of 0.1734.

100% Occupied, Turnkey Asset with Attractive Assumable Financing Steps from Sunset Boulevard We are very pleased to present 1530 Formosa Avenue, a well-maintained 10-unit multifamily property ideally located just north of Sunset Boulevard in one of Los Angeles' most desirable and walkable neighborhoods. This fully occupied, turnkey asset features an excellent unit mix of spacious one- and two-bedroom units, many of which have been thoughtfully remodeled, offering strong in-place income with additional upside potential. The property has undergone extensive capital improvements, including a new roof, completed seismic retrofit, horizontal repiping, and updated electrical systems, significantly reducing near-term capital expenditure and enhancing long-term operational stability. Positioned within walking distance to the shops, dining, and nightlife along Sunset Boulevard, residents enjoy immediate access to some of Los Angeles' most iconic destinations, including Melrose Avenue, the Sunset Strip, and the surrounding West Hollywood and Beverly Hills lifestyle corridors. This prime infill location continues to attract a strong tenant base of professionals across the entertainment, media, and technology sectors. 1530 Formosa is offered with highly attractive assumable financing, creating a favorable, below-market debt structure that is increasingly difficult to replicate in today's interest rate environment significantly enhancing day-one cash flow. The property can be acquired individually or as part of the Sunset Legacy Collection, a curated portfolio of high-quality multifamily assets across premier Los Angeles submarkets, including West Hollywood, Beverly Hills-adjacent neighborhoods, Valley Village, and Pico/Robertson. Whether purchased on a standalone basis or as part of the broader portfolio, 1530 Formosa represents a rare opportunity to acquire a stabilized, well-maintained asset in an irreplaceable location offering durable income, strong tenant demand, and long-term appreciation potential.

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Multi-Family Active

Price

$ 3,300,000

Bedrooms

13

Full Bath

7

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1734

Year Built

1963

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26662069

Days on Market

66

Features
General
Living Area 8198
Heating Forced Air
Cooling Wall/Window Unit(s)
Possession Close Of Escrow
Appliances Refrigerator
Zoning LAR3
Year Built 1963
Stories Count 2
Levels Two
Gross Income 256368
County Los Angeles
Net Operating Income 150787
New Construction false
Property Type Residential Income
HOA false
Garage Y/N true
Full Baths 0
Special Listing Conditions Standard
Status Active
Buyer Financing Assumed Cash
Directions Sunset to Formosa turn right and head North on Formosa
City Los Angeles
Senior Community Y/N false
Number Of Units Total 10
MLS Area C20 - Hollywood
Lot Size Units Square Feet
Lot Size Square Feet 7555
Carport Y/N true
Listing Terms Cash
Virtual Tour https://vimeo.com/1172499619/6636e33434
Standard Status Active
Cap Rate 5.27
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Interior
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 13
Total Baths 13
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Exterior
Parking Features Covered Carport Garage
Total Parking 10
Lot Size Area 7555
Number of Buildings 1
Building Area Total 8198
Lot Size Acres 0.1734
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* Excluded Features
List By
Dana Brody

Broker

dana.brody@marcusmillichap.com

Email

Affordability Calculator

$20,319
Per Month
100%
0%
0%
Monthly Principal & Interest
$20,319
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/27/2026$3,300,000 -7.04% Price Down
4/3/2026$3,550,000 Listed Price

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1530 N Formosa Avenue, Los Angeles, CA, 90046 is a Multi-Family Home for sale at $3,300,000 with 8,198 sqft and a lot size of 0.1734. 1530 N Formosa Avenue has 13 bedrooms, 7.0 baths, and was built in 1963. The property's zip code is 90046 which is in Los Angeles, CA