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1530 N Formosa AvenueLos Angeles, CA 90046

For Sale

$3,300,000

Smart Buyer Rebate $33,000

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.

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 April 27, 2026

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Source: CRMLS #26662069

Listing Facts

  • TypeMulti-family
  • NeighborhoodHollywood
  • Bedrooms13
  • Days on Prevu53
  • Size8,198 sqft
  • Price per sqft$403

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

04/27/2026
Price Decreased
$3,300,000
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: 5.27
  • Gross Income: $256,368.00

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 14% above the average price for multi-family homes in Hollywood and has been on the market for 40 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. On Prevu for 53 days at $3,300,000. This includes a recent price decrease of $250,000. This property 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.