We are very pleased to present 1530 Formosa, a very well-maintained 10-unit multi-family asset perfectly situated north of the world famous Sunset Boulevard and walking distance to many popular shops and restaurants. Recent improvements include completed seismic retrofit, horizontal repiping, updated electrical and a new roof. The building is 100%… Read More occupied and offers an excellent mix of large and bright one and two bedroom units, many of which have been remodeled. 1530 Formosa, which can be purchased separately or together as part of the Sunset Legacy Collection, offers investors the opportunity to acquire well-maintained apartment assets in premier infill locations with the benefit of extremely attractive assumable 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. For sophisticated investors seeking to acquire one or more of these trophy assets, 1530 Formosa Avenue can be purchased individually or as part of The Sunset Legacy Collection. Read Less
Courtesy of Dana Brody 818-212-2757
Listing Snapshot
Days Online
43
Last Updated
Property Type
Other
Beds
13
Square Ft.
8,198
Lot Size
0.17 Acres
Year Built
1963
MLS Number
26662069
30 Days Snapshot Of 90046
$1.54M
-25%
(avg) sold price
20
-25%
homes sold
86
+7%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
8,198 sq ft, Built in 1963, Levels: Two
Cooling
Wall/Window
Disclosures
As Is
Garage
Carport, Covered Parking, Garage
Heating
Forced Air
Lot
LotAcreage: 0.1734, LotSizeArea: 7,555
Parking
TotalParking: 10
Property
NumberOfUnits: 10, Zoning: LAR3
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