1530 N Formosa AV
Los Angeles, CA, 90046
$3,300,000
13 Beds
13 Baths
8,198 SqFt
0.17 Acres
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MLS #26662069 image #0
100% Occupied, Turnkey Asset with Attractive Assumable Financing Steps from Sunset Boulevard We are very pleased to present 1530 Formosa Avenue, a well-maintained 10-unit multifamily property ideally located just north of Sunset Boulevard in one of Los Angeles’ most desirable and walkable neighborhoods. This fully occupied, turnkey asset features an excellent unit mix of spacious one- and two-bedroom units, many of which have been thoughtfully remodeled, offering strong in-place income with additional upside potential. The property has undergone extensive capital improvements, including a new roof, completed seismic retrofit, horizontal repiping, and updated electrical systems, significantly reducing near-term capital expenditure and enhancing long-term operational stability. Positioned within walking distance to the shops, dining, and nightlife along Sunset Boulevard, residents enjoy immediate access to some of Los Angeles’ most iconic destinations, including Melrose Avenue, the Sunset Strip, and the surrounding West Hollywood and Beverly Hills lifestyle corridors. This prime infill location continues to attract a strong tenant base of professionals across the entertainment, media, and technology sectors. 1530 Formosa is offered with highly attractive assumable financing, creating a favorable, below-market debt structure that is increasingly difficult to replicate in today’s interest rate environment significantly enhancing day-one cash flow. The property can be acquired individually or as part of the Sunset Legacy Collection, a curated portfolio of high-quality multifamily assets across premier Los Angeles submarkets, including West Hollywood, Beverly Hills-adjacent neighborhoods, Valley Village, and Pico/Robertson. Whether purchased on a standalone basis or as part of the broader portfolio, 1530 Formosa represents a rare opportunity to acquire a stabilized, well-maintained asset in an irreplaceable location offering durable income, strong tenant demand, and long-term appreciation potential.

Property Details

Price:
$3,300,000
MLS #:
26662069
Status:
Active
Beds:
13
Baths:
13
Type:
Single Family
Neighborhood:
c20hollywood
Listed Date:
Mar 9, 2026
Finished Sq Ft:
8,198
Total Sq Ft:
8,198
Lot Size:
7,555 sqft / 0.17 acres (approx)
Year Built:
1963
C20 – HollywoodC20hollywood

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Schools

Interior

Appliances
RF
Cooling
WW
Heating
FA
Levels
U

Exterior

Parking Spots
10
Parking Total
10

Financial

Gross Operating Income
$248,676
Net Operating Income
$150,787

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of May 02, 2026
10,114
Single Family Listed
87
Avg DOM
496
Avg $ / SqFt
$1,534,891
Avg List Price

Property Summary

    1530 N Formosa AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90046. It is listed for $3,300,000 and features 13 beds, 13 baths, and has approximately 8,198 square feet of living space, and was originally constructed in 1963. The current price per square foot is $403. The average price per square foot for Single Family listings in Los Angeles is $496. The average listing price for Single Family in Los Angeles is $1,534,891.

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Los Angeles, CA