5
See all 5 photos
$2,290,000
Est. payment /mo
3 BD
3 BA
2,150 SqFt
Active
1221 N Formosa AVE West Hollywood, CA 90046
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UPDATED:
12/05/2024 03:21 AM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,150 sqft
Price per Sqft $1,065
MLS Listing ID 24414293
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1932
Lot Size 6,756 Sqft
Property Description
One of the last remaining R3 lots ready for development in City of West Hollywood on Formosa or for owner occupant to make their home with additional rental income. Located between Santa Monica Blvd and Fountain with a 92 Walkscore. A block away from luxury gym Heimat, Formosa Cafe and Trader Joes, Target, Ralphs, and shops and dining on Sycamore. Larger than most lots at 6,755 SF and very lush with mature trees/shrubs. Main home has been owner occupied for 30 years, ADU now vacant with no history of low income tenants, previous tenant was paying $2571 per month. Main home has 2 bedrooms,1 bathroom and an oversized open floor plan kitchen designed by current owner and completed in the mid 90s. Back unit is 1 bed 1 bath. Indoor laundry room with 3rd bathroom connect the two structures. Both are in well kept, clean condition, suitable for your tenants or owner occupant. One of the larger lots in the area at 6,755 SF with lush grounds and functioning koi pond. Driveway suitable for 4 cars. Savvy developer or investor can add additional ADU on lot, or 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, as well as 2 other similar projects nearing completion on street. 18 luxury condos recently broke ground at 1242 N formosa. Seller financing and/or flexible escrow terms may be available. Please inquire.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR3B*
Interior
Heating Forced Air
Flooring Wood
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Driveway
Pool None
View Y/N No
View None
Private Pool No
Building
Story 1
Entry Level One
Architectural Style Spanish
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
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