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$2,290,000

Est. payment - /mo

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3 BD

3 BA

2,150 SqFt

Active

1221 N Formosa AVE West Hollywood, CA 90046

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:53 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,150 sqft

Price per Sqft $1,065

MLS Listing ID 24414293

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1932

Lot Size 6,756 Sqft

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.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3B*

Rooms

Ensuite Laundry Laundry Room

Interior

Laundry Location Laundry Room

Heating Forced Air

Flooring Wood

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Laundry Laundry Room

Exterior

Garage Driveway

Pool None

View Y/N No

View None

Parking Type Driveway

Private Pool No

Building

Story 1

Entry Level One

Architectural Style Spanish

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5531007037

Special Listing Condition Standard

Listed by Lauren Shepherd • Shepherd Realty Group

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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