1530 N Formosa Avenue, Los Angeles, CA 90046

• 8,198 sqft

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

Interior

• A/C: Wall/Window Unit(s)
• Heating: Forced Air

Exterior

• Parking: CoveredOther

Location

• County: Los Angeles

Lot

• Zoning: LAR35548011025