1221 N Formosa Avenue

West Hollywood, CA 90046

$2,290,000

List Price

3

bed Beds

3

shower Baths

2,150 sqft

straighten / sqft

1932

calendar_month Built

Property Description

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.

Listing Information

List Price $2,290,000
Status Active
MLS 24414293
Type Residential
Subtype Single Family Residence
Year Built 1932
Lot Size 6,755
Structure Size 2,150
DOM 28
Courtesy Of Shepherd Realty Group
Listing Agent Lauren Shepherd DRE#01895959

Interior Features

Laundry Information
Location(s) Laundry Room
Total Bedroom
Bedrooms 3
Total Bathroom
Bathrooms 3
Flooring Information
Material Wood
Fireplace Information
Features None

Exterior Information

Maps

Listing information courtesy of: Lauren Shepherd, Shepherd Realty Group . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 6:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.