1221 N Formosa Avenue West Hollywood, CA 90046
3
Beds
3
Baths
2,150
Sqft
6,755
Sqft lot
0.16
Acre lot
$2,290,000
Est.$8,432 / mo.*
Status:
Active
Property Type:
Single Family Residence
Year Built:
1932
Days on Website:
103
Listing courtesy of Lauren Shepherd (CalBRE#01895959), Shepherd Realty Group {attribution_contact}
Description
One of the last remaining R3 lots ready for development in City of West Hollywood on Formosa or for owner occupant to make their home with additional rental income. Located between Santa Monica Blvd and Fountain with a 92 Walkscore. A block away from luxury gym Heimat, Formosa Cafe and Trader Joes, Target, Ralphs, and shops and dining on Sycamore. Larger than most lots at 6,755 SF and very lush with mature trees/shrubs. Main home has been owner occupied for 30 years, ADU now vacant with no history of low income tenants, previous tenant was paying $2571 per month. Main home has 2 bedrooms,1 bathroom and an oversized open floor plan kitchen designed by current owner and completed in the mid 90s. Back unit is 1 bed 1 bath. Indoor laundry room with 3rd bathroom connect the two structures. Both are in well kept, clean condition, suitable for your tenants or owner occupant. One of the larger lots in the area at 6,755 SF with lush grounds and functioning koi pond. Driveway suitable for 4 cars. Savvy developer or investor can add additional ADU on lot, or build luxury small lot subdivision SFR/condos. Affordable housing possibilities and AB2097 eligible for limited or reduced parking requirements. No ULA tax. Wide street, easy construction access. Five 3-level townhomes directly next door are currently under construction nearing completion, as well as 2 other similar projects nearing completion on street. 18 luxury condos recently broke ground at 1242 N formosa. Seller financing and/or flexible escrow terms may be available. Please inquire.Property Details and Features
Bathrooms
- 3 total bathrooms
- 3 full bathrooms
Bedrooms
- 3 bedrooms
Building
- 2150.00 living sqft
- Common walls: No Common Walls
- Architectural style: Spanish
- Levels: One
- 1 story
- Built in 1932
Floors
- Wood
Heating
- Forced Air
Laundry
- Individual Room
Listing
- Listing ID: 24414293
- 1065.12 per sqft
- 102 days on market
Location
- MLS area: C10 - West Hollywood Vicinity
- County: Los Angeles
Lot
- 0.1551 acres
- 6,755 sqft
Parking
- Driveway
Property
- Zoning: WDR3B*