1221 N Formosa Avenue

West Hollywood, CA 90046

PRICE REDUCED

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-$90,000 (-3.78%)

$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. Larger than most lots at 6,755 SF and very lush with mature trees/shrubs or room to add an ADU for a total of 3 units. Located between Santa Monica Blvd and Fountain with a 92 Walkscore for restaurants shopping and dining, near luxury Heimat gym, Trader Joe's and many production studios including Netlfix. Savvy developer or investor can 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, 18 luxury condos recently broke ground at 1242 N formosa. Home occupied by owner, tenant in back unit, CAN NOW BE DELIVERED VACANT. Seller financing possible. Please call for details.

Listing Information

List Price $2,290,000
Status Active
MLS 24397077
Type Residential Income
Year Built 1932
Lot Size 6,755
Structure Size 2,150
DOM 75
Courtesy Of Shepherd Realty Group
Listing Agent Lauren Shepherd DRE#01895959

Interior Features

Laundry Information
Location(s) Laundry Closet
Total Bedroom
Bedrooms 3
Total Bathroom
Bathrooms 3
Cooling Type
Cooling Type Central Air

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 6:27 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.