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1530 N Formosa AvenueLos Angeles, CA 90046

For Sale

$3,550,000

Smart Buyer Rebate $35,500

We are very pleased to present The Sunset Legacy Collection, an exceptional six-property multi-family portfolio totaling 64 units located across some of Los Angeles' most sought-after rental markets including West Hollywood, Hollywood, Pico/Robertson, and Valley Village. Included in the Sunset Legacy Collection is 1530 Formosa Avenue, located just steps from Sunset Boulevard, a beautiful, well-maintained 10-unit multi-family asset boasting an excellent mix of one and two bedroom units, and features 3.74% interest & principal assumable financing locked in through 2040, providing strong day-one leveraged cash flow and a total return above 7.1%. Recent improvements include completed seismic retrofit, horizontal repiping and a new roof. This rare portfolio offers investors the opportunity to acquire well-maintained apartment assets in premier infill locations with the benefit of extremely attractive assumable financing, including loans with sub-3% interest-only rates and sub-4% long-term fixed financing, creating a highly favorable debt structure that is virtually impossible to replicate in today's interest rate environment. Strategically positioned near some of Los Angeles' most iconic corridors including Sunset Boulevard, Melrose Avenue, Robertson and Ventura Boulevards, the properties benefit from exceptional proximity to the region's premier retail, dining, nightlife, and employment centers. Residents enjoy walkable access to renowned destinations such as Melrose Place, Sunset Strip hospitality and entertainment venues, and the high-end retail and restaurant scene surrounding Beverly Hills and West Hollywood. Additional assets in Valley Village provide exposure to the San Fernando Valley's thriving studio and entertainment employment hubs, while the Pico/Robertson location offers immediate access to Beverly Hills and Century City. The buildings feature a strong mix of one, two and three bedroom units, attractive layouts, and desirable neighborhood settings that continue to drive consistent rental demand from professionals working in media, entertainment, technology, and hospitality sectors throughout Los Angeles. The Sunset Legacy Collection represents a rare portfolio acquisition opportunity, offering scale in premier Los Angeles submarkets combined with exceptionally favorable assumable financing and long-term investment stability. The portfolio is ideally suited for a high-net-worth investor or family office seeking high-quality multi-family assets in irreplaceable locations with strong long-term rental demand. For sophisticated investors seeking to acquire one or more of these trophy assets, 1530 Formosa Avenue can be purchased individually or as part of The Sunset Legacy Collection.

Listed by Dana Brody

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License #01429001

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Dana Brody

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818-212-2757

Last updated March 16, 2026

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Source: CRMLS #26662069

Listing Facts

  • TypeMulti-family
  • NeighborhoodHollywood
  • Bedrooms13
  • Days on Prevu8
  • Size8,198 sqft
  • Price per sqft$433

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

03/09/2026
Listed by Dana Brody
$3,550,000

Property Details for 1530 N Formosa Avenue

Exterior

Construction

  • Number Of Units Total: 10
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1963

Measurements

  • Building Area Total: 8,198
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,555
  • Lot Size Square Feet: 7,555
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 4.9
  • Gross Income: $257,801.00

Taxes

  • Parcel Number: 5548011025

Interior

Features

  • Appliances: Refrigerator

Measurements

  • Living Area: 8,198

Rooms

  • Bathrooms Total Integer: 13
  • Bedrooms Total: 13

Parking

Parking

  • Carport: Yes
  • Garage: Yes
  • Parking Features: Covered, Carport, Garage
  • Parking Total: 10

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Forced Air
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 13 bedrooms in this multi-family home at 1530 N Formosa Avenue.

Does this multi-family home have parking?

Yes, there are 10 parking spaces available for 1530 N Formosa Avenue.

How does 1530 N Formosa Avenue compare to other multi-family homes in Hollywood?

This multi-family home is listed 22% above the average price for multi-family homes in Hollywood and has been on the market for 85 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 8,198 sqft.

1530 N Formosa Avenue is a 13-bedroom multi-family home for sale in Los Angeles CA 90046. Listed on Prevu for 8 days at $3,550,000. This residence features 8,198 square feet of living space, located in Hollywood. The median listing price for multi-family homes in this area is $1,295,000. Property amenities include parking. View other multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.