837 N Formosa Ave | Los Angeles, CA 90046
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837 N Formosa Ave
Los Angeles, CA 90046
Adjoining Lots, 8 Units w/Land-Bank Potential · Build-to-Rent Property For Sale
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8 Units
INVESTMENT HIGHLIGHTS
- Build 12± Units by Right and 20± by TOC - Build Large Units with substantial FAR
- Prime location near SMB/La Brea intersection
- Walk to Melrose and La Brea Shopping Districts
- Land Bank with current units and add ADUs - Large 15,400 SF Lot makes redevelopment easier with lower density
- Target, Best Buy, Starbucks, all a stone’s throw away
- Super Central Location
PROPERTY FACTS
| No. Units | 8 | Property Size | 5,304 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 1 |
| Apartment Style | Garden | Year Built | 1930 |
| Costar Property Class | C | Parking Allocation | 1.89/1,000 sq ft |
| Total Plot Size | 0.35 ac | ||
| Use Class | (Q)R3-1XL Tier 1 - Build 12± Units by Right and 20± by TOC | ||
| No. Units | 8 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | C |
| Total Plot Size | 0.35 ac |
| Property Size | 5,304 sq ft |
| Average Occupancy | 100% |
| No. Floors | 1 |
| Year Built | 1930 |
| Parking Allocation | 1.89/1,000 sq ft |
| Use Class | (Q)R3-1XL Tier 1 - Build 12± Units by Right and 20± by TOC |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 2 | £1,239 | - |
| 1+1 | 4 | £1,433 | - |
| 2+2 | 2 | £2,800 | - |
PROPERTY TAXES
| Parcel Number | 5525-002-036 | Improvements Assessment | £234,747 |
| Land Assessment | £1,232,423 | Total Assessment | £1,467,171 |
PROPERTY TAXES
Parcel Number
5525-002-036
Land Assessment
£1,232,423
Improvements Assessment
£234,747
Total Assessment
£1,467,171
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