1221 Formosa Avenue , West Hollywood, CA - 90046 is For Sale

  • 24397077
  • 24397077
  • 24397077
  • 24397077
  • 24397077
  • 24397077
  • 24397077
  • 24397077
$2,290,000· Income 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.

Features

MLS#: 24397077
List Price : $2,290,000
Total Units : 2
Sq M : 628 M2
Year Built : 1932
Days on market : 100 Days
Gross taxes : N/A
Address : 1221 Formosa Avenue
City : West Hollywood
State : CA
Zip Code : 90046
Neighborhood : N/A
Laundry : In Closet
Parking Features : Driveway
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $2,290,000
Acres : 0.1551
Lot Size (Acres) : 0.1551
Heating : Central
Parking Features : Driveway
Cooling : Central Air
Driving Directions : Between Fountain and Santa Monica blvd on West side of street
 
Courtesy of : Lauren Shepherd , Shepherd Realty Group

Location

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