1530 North Formosa Avenue
Los Angeles, CA, 90046 $ 3,300,000
Baths0.0 Sq 8,198 Monthly Estimate*
$ 20,319
Studio for $3,300,000. This 8,198 square foot home was built in 1963 on a lot size of 0.17.
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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FeaturesGeneralLiving Area 8198.0
Heating Forced Air
Cooling Wall/Window Unit(s)
Zoning LAR3
Year Built 1963
Levels Two
County Los Angeles
Net Operating Income 150787.0
New Construction No
Property Type C
HOA No
Status Active
City Los Angeles
Senior Community Y/N No
MLS Area C20 - Hollywood
Lot Size Units Square Feet
Lot Size Square Feet 7555.0
Virtual Tour https://vimeo.com/1172499619/6636e33434
Standard Status Active
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InteriorKitchen Appliances Refrigerator
Total Stories 2
Air Conditioning Y/N Yes
Heating Y/N Yes
Total Baths 13
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ExteriorParking Features Garage Carport Covered
Lot Size Area 7555.0
Pool Y/N? Yes
Building Area Total 8198.0
Lot Size Acres 0.17
Land Lease Type Fee
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $20,319
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
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.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,869,053
Percent of Sale Price 43%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/27/2026 | $3,300,000 | -7.04% | Price Down |
| 3/9/2026 | $3,550,000 | | Listed Price |