1246 N Formosa Avenue

    West Hollywood, CA 90046
    • $2,295,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: 19499680
    $2,295,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,634
      SQFT
    • $632
      $/SQFT
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    !ATTENTION! BUILDERS, DEVELOPERS & INVESTORS... In the Heart of trendy West Hollywood is an amazing, must see, investment property opportunity! LARGE LOT includes side-by-side Spanish Duplex at front lot. Vintage Craftsmen House w/2nd Floor Unit at rear. House=2+1 is vacant, & Three Units=2+1 are occupied, all w/upside income potential & endless building possibilities (tear-down, expand, or remodel). House & units display stunning architectural details, have wood floors & some newer windows. Fenced yard with gardens, trees & shaded walkways lead to each unit, exterior laundry & 3 car Garage; with 2 of 3 spaces converted to a Bonus Rm/Studio. Units are separately metered & conveniently located 2-3 blocks from West Hollywood Gateway Mall retail district: stores, shops, restaurants, entertainment & more. Prime location, just minutes to Downtown LA, Hollywood, the Valley & Beverly Hills. All in highly sought-after West Hollywood Neighborhood! PROBATE, NO Court Required. So WRITE & SUBMIT!

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    Based on information from CARETS as of 2019-09-18T23:49:09.137. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/98007470

    1246 N Formosa Avenue West Hollywood, CA 90046

    • Price: $2,295,000
    • Status: Active
    • ID#: 19499680
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,634
    SQFT
    $632
    $/SQFT
    1924
    Built
    Neighborhood:
    West Hollywood Vicinity (C10)
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity (C10)
    Property Description
    !ATTENTION! BUILDERS, DEVELOPERS & INVESTORS... In the Heart of trendy West Hollywood is an amazing, must see, investment property opportunity! LARGE LOT includes side-by-side Spanish Duplex at front lot. Vintage Craftsmen House w/2nd Floor Unit at rear. House=2+1 is vacant, & Three Units=2+1 are occupied, all w/upside income potential & endless building possibilities (tear-down, expand, or remodel). House & units display stunning architectural details, have wood floors & some newer windows. Fenced yard with gardens, trees & shaded walkways lead to each unit, exterior laundry & 3 car Garage; with 2 of 3 spaces converted to a Bonus Rm/Studio. Units are separately metered & conveniently located 2-3 blocks from West Hollywood Gateway Mall retail district: stores, shops, restaurants, entertainment & more. Prime location, just minutes to Downtown LA, Hollywood, the Valley & Beverly Hills. All in highly sought-after West Hollywood Neighborhood! PROBATE, NO Court Required. So WRITE & SUBMIT!
    Exterior Features

    Building Structure Style Other Common Walls Attached Construction Frame And Stucco Direction Faces Faces West Entry Location Ground Level W/StepsOther Exterior Construction OtherStuccoWood Lot Description Back YardFenced YardFront YardWalk Street Lot Location NoneCityNear Public TransitPark Nearby Lot Size Dimension Description A.0.1604 Other Structures Shed Parking Features Driveway - Combination Parking Spaces Total 4 Parking Type Garage - Three Door Patio Features Covered PorchPatio OpenPorch - Front Pool Descriptions No Pool Roofing Clay TileCompositionFlat Roof View Other View Windows French/Mullioned Windows

    Interior Features

    Appliances DryerGarbage DisposalWasher Bathroom Features Shower Over Tub Bedroom Features Main Floor Bedroom Cooking Appliances Free Standing GasGas Cooling Type Ceiling Fan(S)Wall Or Window Units Disability Access None Heating Type Floor FurnaceWall Heater Kitchen Features Galley KitchenKitchenette Laundry Locations Outside Levels Ground LevelOne LevelTop Level Rooms Art StudioBonusroomConverted GarageDen/Ofc Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 2 Unit Number Of Bed03 2 Unit Number Of Bed04 2 Water Heater Features Other

    Property Features

    Adjusted Gross Income 55974.00 Assessed Improvement Value 174808.00 Assessed Land Value 217689.00 Buyer Financing CashCash To New LoanConventional Country United States Of America Expense Total Annual 2914.00 Gross Operating Income 58920.00 Gross Rent Multiplier 0.00 Hoa YN N Lease Per Month Year Month Legal Disclosures Take Property As IsCourt Approval Not RequiredRent ControlSubject To Estate RulingTermite - Report Only Listing Terms CashCash To New LoanTake Property As Is Lot Size Source Vendor Enhanced Net Operating Income 55974.00 Number Of Buildings 2 Owner Pays GardenerWater Playing Courts None Possession Close of EscrowTenantsrights Property Condition Repair Cosmetic Security Safety Gated Community Special Conditions Probate Square Footage Source Public Records Tax Mello Roos Unknown Tenant Pays Cable TvElectricityGas Unit Monthly Rent01 1682.00 Unit Monthly Rent02 2006.00 Unit Monthly Rent03 0.00 Unit Monthly Rent04 1222.00 Unit Projected Total Monthly Rent01 2600.00 Unit Projected Total Monthly Rent02 2600.00 Unit Projected Total Monthly Rent03 3200.00 Unit Projected Total Monthly Rent04 2000.00 Unit Total Monthly Rent01 1682.00 Unit Total Monthly Rent02 2006.00 Unit Total Monthly Rent03 0.00 Unit Total Monthly Rent04 1222.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Units Total In Complex 4 Zoning Wdr3c*

    Listing provided courtesy of Deborah Justice DRE#00892277 of Justice Ray Realty.


    Based on information from CARETS as of 2019-09-18T23:49:09.137. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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