$3,100,000
-$200,0001530 N Formosa Avenue, Los Angeles CA 90046
Multi-Family (10 Units)
Property type
88 days
On market
$378
Price per sqft
N/A
Garage
1963
Year built
7,555 sqft
Lot size
Home highlights
Open Houses
Overview
Beautifully positioned north of Sunset Boulevard in the heart of one of Los Angeles' most vibrant and sought-after rental markets, 1530 Formosa Avenue offers investors a rare combination of strong current cash flow, extensive capital improvements, and exceptional long-term appreciation potential. This fully occupied 10-unit apartment community is being offered at an attractive...
Listing provided by: Dana Brody DRE #01429001 818-212-2757, Dana Brody
Listing updated: Jun 3, 2026 at 11:28pm.
Last checked: Jun 4, 2026 at 12:00am
Source: CRMLS #26662069
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 7 | 1 | 1 | — | $1,979 | $13,851 | $15,050 | Unfurnished |
| 3 | 2 | 2 | — | $2,497 | $7,490 | $8,250 | Unfurnished |
# of Buildings: 1
# of Units Total: 10
Refrigerator: 10
Financial Snapshot
Gross Rent Multiplier
12.1x
List Price / Annual Gross Rent
Cap Rate
5.7%
NOI / List Price
Vacancy Allowance Rate: 3%
Net Operating Income: $176,249
Interior
Cooling: Wall Window Units
Heating: Forced Air
Appliances: Refrigerator
Exterior
Stories Total: 2
Levels: Two
Garage and Parking
Parking: Covered, Carport, Garage
Parking Total: 10
Lot Information
Land Lease: No
Parcel #: 5548011025
Zoning: LAR3
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 1530 N Formosa Avenue, Los Angeles, CA 90046. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,480,000
Total Interest
$3,163,103
Total Payment
$5,643,103
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$19,054
per month
Property History for 1530 N Formosa Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90046.
Similar Homes
Listings with similar prices to 1530 N Formosa Avenue