Properties

Los Angeles, CA 90046 1530 N Formosa Avenue

1530 N Formosa Avenue Los Angeles, CA - Image 11530 N Formosa Avenue Los Angeles, CA - Image 21530 N Formosa Avenue Los Angeles, CA - Image 3
14 more
1530 N Formosa Avenue Los Angeles, CA - Image 41530 N Formosa Avenue Los Angeles, CA - Image 51530 N Formosa Avenue Los Angeles, CA - Image 61530 N Formosa Avenue Los Angeles, CA - Image 71530 N Formosa Avenue Los Angeles, CA - Image 81530 N Formosa Avenue Los Angeles, CA - Image 91530 N Formosa Avenue Los Angeles, CA - Image 101530 N Formosa Avenue Los Angeles, CA - Image 111530 N Formosa Avenue Los Angeles, CA - Image 121530 N Formosa Avenue Los Angeles, CA - Image 131530 N Formosa Avenue Los Angeles, CA - Image 141530 N Formosa Avenue Los Angeles, CA - Image 151530 N Formosa Avenue Los Angeles, CA - Image 161530 N Formosa Avenue Los Angeles, CA - Image 171530 N Formosa Avenue Los Angeles, CA - Image 18
Presented By: Dana Brody with Dana Brody;
  • MLS# 26662069
  • 03/09/2026
  • Get pre-approved
  • Request Tour
  • Request Info
  • Beds • 13
  • Baths • 7
  • SQFT • 8,198
  • Garage • 1

Home Details

We are very pleased to present The Sunset Legacy Collection, an exceptional six-property multi-family portfolio totaling 64 units located across some of Los Angeles' most sought-after rental markets including West Hollywood, Hollywood, Pico/Robertson, and Valley Village. Included in the Sunset Legacy Collection is 1530 Formosa Avenue, located just steps from Sunset Boulevard, a beautiful, well-maintained 10-unit multi-family asset boasting an excellent mix of one and two bedroom units, and features 3.74% interest & principal assumable financing locked in through 2040, providing strong day-one leveraged cash flow and a total return above 7.1%. Recent improvements include completed seismic retrofit, horizontal repiping and a new roof. This rare portfolio offers investors the opportunity to acquire well-maintained apartment assets in premier infill locations with the benefit of extremely attractive assumable financing, including loans with sub-3% interest-only rates and sub-4% long-term fixed financing, creating a highly favorable debt structure that is virtually impossible to replicate in today's interest rate environment. Strategically positioned near some of Los Angeles' most iconic corridors including Sunset Boulevard, Melrose Avenue, Robertson and Ventura Boulevards, the properties benefit from exceptional proximity to the region's premier retail, dining, nightlife, and employment centers. Residents enjoy walkable access to renowned destinations such as Melrose Place, Sunset Strip hospitality and entertainment venues, and the high-end retail and restaurant scene surrounding Beverly Hills and West Hollywood. Additional assets in Valley Village provide exposure to the San Fernando Valley's thriving studio and entertainment employment hubs, while the Pico/Robertson location offers immediate access to Beverly Hills and Century City. The buildings feature a strong mix of one, two and three bedroom units, attractive layouts, and desirable neighborhood settings that continue to drive consistent rental demand from professionals working in media, entertainment, technology, and hospitality sectors throughout Los Angeles. The Sunset Legacy Collection represents a rare portfolio acquisition opportunity, offering scale in premier Los Angeles submarkets combined with exceptionally favorable assumable financing and long-term investment stability. The portfolio is ideally suited for a high-net-worth investor or family office seeking high-quality multi-family assets in irreplaceable locations with strong long-term rental demand. For sophisticated investors seeking to acquire one or more of these trophy assets, 1530 Formosa Avenue can be purchased individually or as part of The Sunset Legacy Collection.
Presented By: Dana Brody with Dana Brody;

Interior Features for 1530 N Formosa Avenue

Bedrooms

Total Bedrooms13

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths13

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes
Total Stories2

General for 1530 N Formosa Avenue

AppliancesRefrigerator
Buyer FinancingAssumed, Cash
Cap Rate4.9
Carport Y/NYes
CityLos Angeles
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsSunset to Formosa, turn right and head North on Formosa
Full Baths
Garage Y/NYes
Gross Income257801
HOANo
HeatingForced Air
LevelsTwo
Listing TermsCash
Living Area8198
Lot Size Square Feet7555
Lot Size UnitsSquare Feet
MLS AreaC20 - Hollywood
Net Operating Income173819
New ConstructionNo
Number Of Units Total10
PossessionClose Of Escrow
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Virtual TourClick here
Year Built1963
ZoningLAR3

Exterior for 1530 N Formosa Avenue

Building Area Total8198
Lot Size Acres0.1734
Lot Size Area7555
Number of Buildings1
Parking FeaturesCovered, Carport, Garage
Total Parking10

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,550,000
MLS#26662069
List Date 03/09/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 1530 N Formosa Avenue

Contact Us

info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
  • This field is for validation purposes and should be left unchanged.