Active

1221 N Formosa Ave

West Hollywood CA, 90046

$2,290,000


$1,065.12 per sqft

Active

3 Beds

3 Baths

2,150 sqft

Residential

Built in 1932

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.

24-414293

MLS ID

July 16, 2024

Listed

October 2, 2024

Updated

Map

1221 N Formosa Ave
West Hollywood CA, 90046

Interior Features

Total Stories

1


Bedrooms

3


Total Bathrooms

3


Full Bathrooms

3


Appliances

None


Laundry Description

Room


Floor Description

Hardwood


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Air Conditioning


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.16 Acres


Architectual Style

Spanish

Other Property Details

Area Name

West Hollywood Vicinity


Days on Market

28


Garage

No


Parking

Driveway


Parking Total

0


View

No


View Description

None


County

Los Angeles


Pool

No


Pool Features

None


Zoning

WDR3B*

Listed by Lauren Shepherd with Shepherd Realty Group
Listing Contact: 951-207-5454 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Julie Milne | CA DRE# 2004282 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/2/2024

Powered byLuxury Presence