1530 N Formosa Avenue
Los Angeles, CA 90046
13
Bed
0
Bath
8,198Sqft
7,555Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 13Bathroom Information
Total Baths: 13 Full Baths: 0 Half Baths: 0 -
Interior Features
Property Appliances: Refrigerator -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
Forced Air Has Heating
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Building Information
Year Built: 1963 Building Area Total: 8,198
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1734 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7555
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Listing Price Information
Original List Price: 3,100,000 Listing Contract Date: 2026-03-09 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5548011025
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Garage and Parking
Garage Description: Covered,Carport,GarageHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C20 - Hollywood Postal Code Plus 4: 3627 Directions: Sunset to Formosa, turn right and head North on Formosa Zoning: LAR3 Source Property Type: Residential Income Area: C20 - Hollywood -
Building and Construction
Property Age: 63 Year Built Source: Vendor Enhanced Total Square Feet Living: 8198 Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2004 La Brea Terrace, Los Angeles, CA, 90046 | $4,998,000 | 4 | 4 | 4,018 | 4,018 SqFt |
| 7148 Marshfield, Los Angeles, CA, 90046 | $1,190,000 | 2 | 1 | 1,236 | 1,236 SqFt |
| 2650 Lisco Pl, Los Angeles, CA, 90046 | $3,400,000 | 6 | 6 | 3,700 | 3,700 SqFt |
| 7377 Pyramid Place, Los Angeles, CA, 90046 | $3,395,000 | 4 | 3 | 4,283 | 4,283 SqFt |
| 2841 Montcalm Avenue, Los Angeles, CA, 90046 | $3,999,000 | 4 | 2 | 4,409 | 4,409 SqFt |
| 2695 La Cuesta Drive, Los Angeles, CA, 90046 | $2,199,000 | 4 | 3 | 2,596 | 2,596 SqFt |
| 2651 La Cuesta Drive, Los Angeles, CA, 90046 | $2,495,000 | 5 | 5 | 6,140 | 6,140 SqFt |
| 7431 Del Zuro, Los Angeles, CA, 90046 | $1,650,000 | 3 | 2 | 1,361 | 1,361 SqFt |
| 1227 N Formosa Avenue #1, Los Angeles, CA, 90046 | $2,795,000 | 2 | 2 | 2,330 | 2,330 SqFt |
| 1617 N Fuller Avenue, Los Angeles, CA, 90046 | $16,495,000 | 62 | -- | 42,399 | 42,399 SqFt |
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ByOwner last updated this listing 06/23/2026 @ 20:22
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