1221 N Formosa Ave, West Hollywood, CA 90046

West Hollywood, CA 90046,1221 N Formosa Ave

REQUEST A TOUR

In-PersonVirtual Tour

Marcia Alves

marcia@marciabrazil.com +1(702) 300-6969

$ 2,290,000

Est. payment | -/mo

3 Beds

3 Baths

2,150 SqFt

Save

$ 2,290,000

Est. payment | -/mo

Save

3 Beds

3 Baths

2,150 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,150 sqft

Price per Sqft $1,065

MLS Listing ID 24-414293

Style Spanish

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1932

Lot Size 6,755 Sqft

Acres 0.1551

Property 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.

Location

State CA

County Los Angeles

Area West Hollywood Vicinity

Zoning WDR3B*

Rooms

Other Rooms Other

Dining Room 0

Interior

Heating Forced Air

Cooling Air Conditioning

Flooring Hardwood

Fireplaces Type None

Equipment None

Laundry Room

Exterior

Garage Driveway

Pool None

View Y/N No

View None

Building

Story 1

Architectural Style Spanish

Level or Stories One

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Shepherd Realty Group

+1(702) 300-6969

marcia@marciabrazil.com

1780 W Horizon Ridge Pkwy # 100, Henderson, NV, 89012, USA