1530 N Formosa Avenue
Los Angeles, CA, 90046 $ 3,550,000
Bedrooms13 Baths7.0 Sq 8,198 Monthly Estimate*
$ 21,858
for $3,550,000 with 13 bedrooms and 7 full baths. This 8,198 square foot home was built in 1963 on a lot size of 0.1734.
We are very pleased to present The Sunset Legacy Collection, an exceptional six-property multi-family portfolio totaling 64 units located across some of Los Angeles' most sought-after rental markets including West Hollywood, Hollywood, Pico/Robertson, and Valley Village. This rare portfolio offers investors the opportunity to acquire well-maintained apartment assets in premier infill locations with the benefit of extremely attractive assumable financing, including loans with sub-3% interest-only rates and sub-4% long-term fixed financing, creating a highly favorable debt structure that is virtually impossible to replicate in today's interest rate environment. Strategically positioned near some of Los Angeles' most iconic corridors including Sunset Boulevard, Melrose Avenue, Robertson and Ventura Boulevards, the properties benefit from exceptional proximity to the region's premier retail, dining, nightlife, and employment centers. Residents enjoy walkable access to renowned destinations such as Melrose Place, Sunset Strip hospitality and entertainment venues, and the high-end retail and restaurant scene surrounding Beverly Hills and West Hollywood. Additional assets in Valley Village provide exposure to the San Fernando Valley's thriving studio and entertainment employment hubs, while the Pico/Robertson location offers immediate access to Beverly Hills and Century City. The buildings feature a strong mix of one, two and three bedroom units, attractive layouts, and desirable neighborhood settings that continue to drive consistent rental demand from professionals working in media, entertainment, technology, and hospitality sectors throughout Los Angeles. The Sunset Legacy Collection represents a rare portfolio acquisition opportunity, offering scale in premier Los Angeles submarkets combined with exceptionally favorable assumable financing and long-term investment stability. The portfolio is ideally suited for a high-net-worth investor or family office seeking high-quality multi-family assets in irreplaceable locations with strong long-term rental demand.
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FeaturesGeneralLiving 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 257801
County Los Angeles
Net Operating Income 173819
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
Standard Status Active
Cap Rate 4.9
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InteriorTotal 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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ExteriorParking 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 FeaturesList Bydana.brody@marcusmillichap.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $21,858
- 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 $1,849,859
Percent of Sale Price 48%
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.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/9/2026 | $3,550,000 | | Listed Price |