1530 N Formosa Avenue
Los Angeles, CA 90046
13
Bed
13
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 beds: 13Bathroom Information
Total Baths: 13 -
Interior Features
Appliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: ForcedAir Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1963Building Area Total: 8198Stories: 2Private Pool: No
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Lot Information
Main Square Feet: 7555 Lot Size Acres: 0.1734 Lot Size Square Feet: 7,555
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Listing Price Information
Listing Price: $3100000Original Price: $3550000Cash
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Tax Information
Parcel Number: 5548011025
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Virtual Tour
Parking Information
Parking Total: 10 Covered, Carport, GarageGarage Information
Has Garage: Yes
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Location Information
Direction: Sunset to Formosa, turn right and head North on Formosa
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 | 5 | 4,018 | 4,018 SqFt |
| 7305 Pyramid Place, Los Angeles, CA, 90046 | $17,888,000 | 7 | 8 | 9,200 | 9,200 SqFt |
| 7142 Marshfield, Los Angeles, CA, 90046 | $2,190,000 | 4 | 4 | 2,880 | 2,880 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 | $3,295,000 | 4 | 3 | 4,283 | 4,283 SqFt |
| 2695 La Cuesta Drive, Los Angeles, CA, 90046 | $1,999,000 | 4 | 3 | 2,596 | 2,596 SqFt |
| 1627 N Poinsettia Place, Los Angeles, CA, 90046 | $4,950,000 | 18 | -- | 14,817 | 14,817 SqFt |
| 2651 La Cuesta Drive, Los Angeles, CA, 90046 | $2,495,000 | 5 | 5 | 6,140 | 6,140 SqFt |
| 1227 N Formosa Avenue #1, Los Angeles, CA, 90046 | $2,795,000 | 2 | 2 | 2,330 | 2,330 SqFt |
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ByOwner last updated this listing 08/10/2026 @ 13:13
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