West Hollywood, CA 90046,1221 N Formosa Ave
West Hollywood, CA 90046,1221 N Formosa Ave
West Hollywood, CA 90046,1221 N Formosa Ave
West Hollywood, CA 90046,1221 N Formosa Ave
West Hollywood, CA 90046,1221 N Formosa Ave
West Hollywood, CA 90046,1221 N Formosa Ave
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$ 2,290,000
Est. payment | /mo

3 Beds

3 Baths

2,150 SqFt


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$ 2,290,000
Est. payment | /mo
Save

3 Beds

3 Baths

2,150 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,150 sqft

Price per Sqft $1,065

MLS Listing ID 24-397077

Bedrooms 3

Year Built 1932

Lot Size 6,755 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 West Hollywood Vicinity

Zoning WDR3B*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning, Central

Equipment None

Laundry Laundry Area, In Closet

Exterior

Parking Features Driveway

Garage Spaces 2.0

Building

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Shepherd Realty Group
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1221 N Formosa Ave