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Backup Offers

1146 N Formosa Ave, West Hollywood, CA, 90046

$2,350,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
8 Baths
6,856 SqFt
$343/SqFt
House
Schools Nearby

Location

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1146 N Formosa Ave, West Hollywood$2,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingCovered
Year Built1956
HeatingNatural Gas
MLS #24389497
Lot Size0.16 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1146 N Formosa Ave

Fantastic 8-unit investment property located in prime West Hollywood. This is the first time the property's been on the market in approximately 46 years! The mid-century apartment complex, built in 1956, offers a total of 6,856 square feet of living space, with each unit boasting 857 square feet on average. The building features a strong unit mix, of (2) spacious 2-bedroom/1-bath units and (6) large 1-bed / 1-bath units. Four of the eight units have received interior upgrades over the years, and the building has received significant capital improvements including a full copper repipe in 2013. The roof was also fully replaced in 2009. Additionally, the property's tuck-under parking with 6 spots in the back of the lot does not require a soft-story retrofit per the City of West Hollywood (Buyer to verify with City). One unit will also be delivered vacant. 1146 N Formosa is occupied by several long-term tenants, offering over 60% upside on the current rents!

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Stories: 2
  • Living Area: 6,856 SqFt

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 425-9838
  • Listing Agent: Jake Glaser

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Parking: Covered

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Hollywood Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Hubert Howe Bancroft Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Gardner Street Elementary School, Public District Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: Formosa Ave just north of Santa Monica Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,350,000
  • Price Per SqFt: $343/SqFt

Tax Information:

  • Annual Amount: $5,179
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in West Hollywood, CA.

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West Hollywood, CA

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$859

Avg. Days On Market

33

# of Sold Homes

33

1146 N Formosa Ave vs West Hollywood

20 DAYS ON ROCKET

-13 Days

$2,350,000

+$1.2M More

$343/SqFt

-$516 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $516/SqFt less than other homes in West Hollywood, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24389497

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 425-9838
  • Listing Agent: Jake Glaser

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2024, 2:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,179$222,688
2020$5,047$219,871
2019$4,898$215,560
2018$4,785$211,334
2017$4,785$207,191

History based on county public records data.

Payment Calculator

$11.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,112

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4117596
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 0.54 miles

  • Public Magnet Grades KG-6

school-card-donut-4117597
4
/10

  • Gardner Street Elementary School

  • 7450 Hawthorn Ave

  • 0.61 miles

  • Public District Grades KG-6

school-card-donut-4117598
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 18.33 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-4117599
4
/10

  • Hubert Howe Bancroft Middle School

  • 929 N Las Palmas Ave

  • 0.54 miles

  • Public Magnet Grades 6-8

school-card-donut-4117600
4
/10

  • Studio

  • 2211 W Avenue 30

  • 6.31 miles

  • Public District Grades 6-8

High School

school-card-donut-4117601
6
/10

  • Hollywood Senior High School

  • 1521 N Highland Ave

  • 0.59 miles

  • Public Magnet Grades 9-12

school-card-donut-4117602
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 8.54 miles

  • Public Magnet Grades 9-12

school-card-donut-4117603
7
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 11.25 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,482. The majority of West Hollywood, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1146 N Formosa Ave

What is the listing price of this property?

The listing price of 1146 N Formosa Ave property is $2,350,000.

What type of property is this?

The property 1146 N Formosa Ave is a house located in West Hollywood, California, 90046.

Is this property for sale now?

Accepting Backup Offers: 1146 N Formosa Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 1146 N Formosa Ave are:
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Gardner Street Elementary School: GreatSchools Rating 4/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Hubert Howe Bancroft Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Hollywood Senior High School: GreatSchools Rating 6/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,179 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1146 N Formosa Ave has 10 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 1146 N Formosa Ave is 6,856 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1146 N Formosa Ave is 1956.

Rocket Homes›California›Los Angeles County›West Hollywood›90046›1146 N Formosa Ave

This home is located at 1146 N Formosa Ave in West Hollywood, CA and zip code 90046 in the Central LA neighborhood. This 6,856 square foot home, which was built in 1956, sits on a 0.16 acre lot. Features: 10 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $2,350,000.

While more than 12 listings in West Hollywood, CA in April 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 14 were sold below. The inventory of homes for sale in West Hollywood, CA between March 2024 and April 2024 increased by 19.2%. Listings spent 33 days on the market in April 2024, and had a median list price of $1,147,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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