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1347 N Formosa Avenue

Los Angeles (City), CA 90046
  • $1,503,000
  • STATUS: Closed
  • ON SITE: 170 Days
  • ID#: DW21259501
Sold - 05/12/2022
$1,503,000
SOLD - 05/12/2022
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Listing Agent(s): Gay-Lynn Barnes of Keller Williams Newport Estates (949-734-6555)


Description

Great Income Generating Duplex (R3 Zoned) with an Additional Studio (Total of 3 Units) in the center of the Hollywood Off La Brea & Sunset Blvd just south of the Hollywood Hills!!!! This Property has actually been Classified as an AirBnb Super Host with Five Stars!!!! The main unit contains a large master bedroom with distinctive style, as well as a sleek and urban built living area for the owner that includes a kitchen and a bathroom, while the other unit has two independent studios with their own private entrances and Laundry that rent or Airbnb for up $11,000+ per month. For those who work from home, there is also a private mezzanine office within the Garage along with its separate entrance that can also be converted into an ADU. So if you're looking to enjoy a 2nd home, Cash-Flow Investment, 1031 Exchange or just need a Get Away home with your own Main Master Suite with private jacuzzi and heated marble floors. This is It!!!! Centrally located in the heart of Hollywood, adjacent to West Los Angeles with amenities such as Chinese Theater, El Capitan Theatre, Hollywood and Highland Shopping Mall, Dolby Theatre, Hollywood Hills, Pantages Theatre, Hollywood Walk of Fame, Magic Castle as well as other amenities such as Trader Joes, Target, Ralphs, Smart & Final, CVS, Best Buy, In-N-Out Burger, Plummer Park and variety of fine dining establishments.

Sold by Delaram Dadfarnia of Keller Williams Beverly Hills.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T19:31:41.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/123751970
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1347 N Formosa Avenue Los Angeles (City), CA 90046

  • Price: $1,625,000
  • Status: Closed
  • On Site: 170 Days
  • Updated: 55 min ago
  • ID#: DW21259501
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1922
Built
Neighborhood:
C10 - West Hollywood Vicinity
County:
Los Angeles
Area:
C10 - West Hollywood Vicinity
Property Description
Great Income Generating Duplex (R3 Zoned) with an Additional Studio (Total of 3 Units) in the center of the Hollywood Off La Brea & Sunset Blvd just south of the Hollywood Hills!!!! This Property has actually been Classified as an AirBnb Super Host with Five Stars!!!! The main unit contains a large master bedroom with distinctive style, as well as a sleek and urban built living area for the owner that includes a kitchen and a bathroom, while the other unit has two independent studios with their own private entrances and Laundry that rent or Airbnb for up $11,000+ per month. For those who work from home, there is also a private mezzanine office within the Garage along with its separate entrance that can also be converted into an ADU. So if you're looking to enjoy a 2nd home, Cash-Flow Investment, 1031 Exchange or just need a Get Away home with your own Main Master Suite with private jacuzzi and heated marble floors. This is It!!!! Centrally located in the heart of Hollywood, adjacent to West Los Angeles with amenities such as Chinese Theater, El Capitan Theatre, Hollywood and Highland Shopping Mall, Dolby Theatre, Hollywood Hills, Pantages Theatre, Hollywood Walk of Fame, Magic Castle as well as other amenities such as Trader Joes, Target, Ralphs, Smart & Final, CVS, Best Buy, In-N-Out Burger, Plummer Park and variety of fine dining establishments.
Exterior Features

Fencing Block Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 0 Parking Features Door-SingleGarageOff StreetGarage Faces Side Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Spa Features Bath Spa YN Yes

Interior Features

Appliances DishwasherDisposal Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Tile Heating Central Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Buyer Financing Cash Cap Rate 7 Common Interest None Community Features BikingSidewalks Electric Expense 3914.2 Fuel Expense 0 Garage YN Yes Gross Income 134400 Gross Scheduled Income 134400 Insurance Expense 1999 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupIn KitchenOutside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 111374.8 New Construction YN No New Taxes Expense 18125 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 25024.1 Possession Negotiable Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Utilities Electricity Connected Water Sewer Expense 985.92 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T19:31:41.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Gay-Lynn Barnes of Keller Williams Newport Estates (949-734-6555)