$3,550,000

1530 N Formosa Avenue, Los Angeles, CA 90046

  • 8,198 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $433/sqft
  • Property List Date Icon Listed 23 days ago

Property Description

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 proper

Listing Status:
Active
Date Added:
March 9, 2026
Data Last Updated:
April 2, 2026 at 2:09AM
Listing Office:
Dana Brody : 818-212-2757
Listing Agent:
Dana Brody : 818-212-2757
MLS ID:
CL26662069
  • A/C: Wall/Window Unit(s)
  • Heating: Forced Air
  • Parking: CoveredOther
  • County: Los Angeles
  • Zoning: LAR35548011025

This listing courtesy of Dana Brody , Dana Brody

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gardner Street Elementary

7450 Hawthorn Ave, Los Angeles, CA, 90046

Grades PK-5

0.32 miles away

B

Bancroft Middle School

929 N Las Palmas Ave, Los Angeles, CA, 90038

Grades 6-8

0.94 miles away

H

Hollywood High School

1521 N Highland Ave, Los Angeles, CA, 90028

Grades 9-12

0.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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