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$2,290,000

Beds
3
Baths
3.0
sq ft
2,150

1221 N Formosa Ave, West Hollywood, CA 90046

1221 N Formosa Ave

West Hollywood, CA 90046

  • 128 days on market
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.

Details

Property type

Single Family Residence

Lot size

6,755 sq ft

Price per sq ft

$1,066

Year built

1932

HOA

No

Price History

07/16/2024
CLAW

CLAW #24414293

Listed
$2,290,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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Status: Active

Tomo last checked: 11/21/2024 at 10:55 PM

Listing updated: 11/11/2024 at 1:50 PM

Listed by: Lauren Shepherd, Shepherd Realty Group Phone #: (951) 328-8990

MLS: CLAW #24414293

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