$ 2,290,000
1221 N Formosa AVE West Hollywood, CA 90046
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$ 2,290,000
Est. payment /mo
Active
1221 N Formosa AVE West Hollywood, CA 90046
3 Beds
3 Baths
2,150 SqFt
UPDATED:
09/30/2024 06:53 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,150 sqft
Price per Sqft $1,065
MLS Listing ID 24397077
Bedrooms 3
HOA Y/N No
Year Built 1932
Lot Size 6,756 Sqft
Acres 0.1551
Property Description
One of the last remaining R3 lots ready for development in City of West Hollywood on Formosa. Larger than most lots at 6,755 SF and very lush with mature trees/shrubs or room to add an ADU for a total of 3 units. Located between Santa Monica Blvd and Fountain with a 92 Walkscore for restaurants shopping and dining, near luxury Heimat gym, Trader Joe's and many production studios including Netlfix. Savvy developer or investor can build luxury small lot subdivision SFR/condos. Affordable housing possibilities and AB2097 eligible for limited or reduced parking requirements. No ULA tax. Wide street, easy construction access. Five 3-level townhomes directly next door are currently under construction nearing completion, 18 luxury condos recently broke ground at 1242 N formosa. Home occupied by owner, tenant in back unit, CAN NOW BE DELIVERED VACANT. Seller financing possible. Please call for details.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR3B*
Rooms
Ensuite Laundry Laundry Closet
Interior
Laundry Location Laundry Closet
Heating Central
Cooling Central Air
Fireplace No
Laundry Laundry Closet
Exterior
Garage Driveway
Parking Type Driveway
Total Parking Spaces 2
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5531007037
Special Listing Condition Standard
Listed by Lauren Shepherd • Shepherd Realty Group