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1530 N Formosa Avenue, Los Angeles, CA 90046

Los Angeles
Local realty services provided by:CENTURY 21 Valley Properties
1530 N Formosa Avenue,Los Angeles, CA 90046
$3,100,000
  • 13 Beds
  • 13 Baths
  • 8,198 sq. ft.
  • Multi-family
  • Active
Listed by: dana brody
Office: dana brody818-212-2757
MLS#:26662069
Source:CRMLS

Price summary

  • Price:$3,100,000
  • Price per sq. ft.:$378.14

About this home

Beautifully positioned north of Sunset Boulevard in the heart of one of Los Angeles' most vibrant and sought-after rental markets, 1530 Formosa Avenue offers investors a rare combination of strong current cash flow, extensive capital improvements, and exceptional long-term appreciation potential. This fully occupied 10-unit apartment community is being offered at an attractive 5.7% in-place cap rate and 12 GRM, delivering immediate, stable returns from day one. In a market where quality multifamily assets often trade at significantly lower yields, 1530 Formosa stands out as a compelling investment opportunity, combining strong in-place income with the security of a highly desirable location and a proven rental history. Ideally situated just steps from neighborhood favorites including Bossa Nova, El Compadre, Aroma Coffee & Tea, and Sunset Boulevard's renowned dining and entertainment scene, residents enjoy an unmatched walkable lifestyle at the crossroads of Hollywood, West Hollywood,...

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Home facts

  • Year built:1963
  • Listing ID #:26662069
  • Added:190 day(s) ago
  • Updated:September 16, 2026 at 10:58 AM

Rooms and interior

  • Bedrooms:13
  • Total bathrooms:13
  • Kitchen Description:Refrigerator
  • Living area:8,198 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Forced Air

Structure and exterior

  • Year built:1963
  • Building area:8,198 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,100,000
  • Price per sq. ft.:$378.14

Parking

  • Total parking spaces:10
  • Parking description:Carport, Covered, Garage
  • Garage:Yes
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Valley Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Valley Properties, a broker participant of California Regional MLS (Southern California). 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. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Anthony Guetzoian

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