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1339 N Formosa Ave

Los Angeles, CA 90046
  • $1,195,000
  • STATUS: Active Under Contract
  • ON SITE: 65 Days
  • ID#: 22-150789
Under Contract
$1,195,000
  • 4
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,444
    SQFT
  • $828
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:
Area:

School Ratings & Info

Description

Located in the heart of Hollywood, this delightful Spanish duplex affords the opportunity of home ownership with the supplementary benefit of rental income. Both units deliver 2 bedroom and 1 bathroom floor plans, ample natural light, original hardwood flooring, and whimsical arched doorways. This unique property suggests the potential for building an Accessory Dwelling Unit (ADU) as well as an increase in rental income. Location central to The Lot at Formosa Studios, Paramount Studios, Netflix, West Hollywood Gateway shopping center, Plummer Park, Runyon Canyon, Trader Joe's, Sunset Boulevard, retail, dining and services. Great opportunity as an owner/user investment or investor.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T23:42:50.78. 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. Properties may or may not be listed by the office/agent presenting the information.
www.corrieluxuryhomes.com/homes/128164071
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1339 N Formosa Ave Los Angeles, CA 90046

  • Price: $1,195,000
  • Status: Active Under Contract
  • On Site: 65 Days
  • ID#: 22-150789
4
Beds
0
Baths
0
½ Baths
0.09
Acres
1,444
SQFT
$828
$/SQFT
1922
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
Located in the heart of Hollywood, this delightful Spanish duplex affords the opportunity of home ownership with the supplementary benefit of rental income. Both units deliver 2 bedroom and 1 bathroom floor plans, ample natural light, original hardwood flooring, and whimsical arched doorways. This unique property suggests the potential for building an Accessory Dwelling Unit (ADU) as well as an increase in rental income. Location central to The Lot at Formosa Studios, Paramount Studios, Netflix, West Hollywood Gateway shopping center, Plummer Park, Runyon Canyon, Trader Joe's, Sunset Boulevard, retail, dining and services. Great opportunity as an owner/user investment or investor.
Exterior Features

Cross Streets Fountain Ave Lot Size Area 3759 Other Structures Accessory BldgsOtherShed(S) Parking Garage Driveway Pool Description None Pool YN No Roof Flat Spa None Spa YN No Style Spanish Tennis Court None Tennis YN No Total Parking 2 View Description None View YN No

Interior Features

Baths Total 2.00 Common Walls Attached Cooling None Equipment Range/OvenRefrigeratorWasherGas Or Electric Dryer Hookup Fireplace Rooms None Flooring Hardwood Heating None Laundry Equipment Own

Property Features

Gross Income 73140 Gross Operating Income 73140 Like Units1 1 Like Units2 1 Net Operating Income 57600.00 Number Of Buildings 2 Number Of Units 2 Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 15540 Type Of Units 2 Bed 1 Bath Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Marc Hernandez DRE#00882850 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T23:42:50.78. 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. Properties may or may not be listed by the office/agent presenting the information.
 
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Compass
8560 W Sunset Blvd 3rd Floor
Los Angeles CA, 90069