Charming Single Family Home with Income Potential in West Hollywood
This 3 bedroom, 3 bathroom single family home is located on one of the last remaining R3 lots in West Hollywood, making it an ideal investment opportunity. With a spacious lot size of 6,755 SF and a prime location near popular restaurants and shops, this property offers endless possibilities for development or as an owner-occupied residence.
- Price
- $2,290,000
- Bed
- 3
- Bath
- 3
- Sq ft
- 2,150
1221 N Formosa Ave West Hollywood, CA 90046
Listing Courtesy Of: Shepherd Realty Group, Shepherd, Lauren, 01895959
MLS #: 24-414293
Property Type: Single Family
Year Built: 1932
Status: Active
City: West Hollywood
Days on Market: 105
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
Cooling
- Air Conditioning
Heating
- Forced Air
Fireplace
- None
Laundry
- Room
Flooring
- Hardwood
Rooms
- Other
What's Special About This Home
Step inside this charming 1932 home and you'll find an oversized open floor plan kitchen, designed by the current owner in the mid 90s.
The main home features 2 bedrooms and 1 bathroom, while the ADU (now vacant) has 1 bedroom and 1 bathroom, perfect for a rental income opportunity.
Both units are well-maintained and in clean condition.
The lush grounds include mature trees and shrubs, as well as a functioning koi pond.
Additional features include a laundry room and a driveway that can fit up to 4 cars.
With a savvy developer or investor, this lot has the potential for an additional ADU or luxury small lot subdivision.
It is also eligible for affordable housing options and reduced parking requirements.
The wide street and easy construction access make this property a prime location for development.
Don't miss out on this opportunity to own a piece of West Hollywood's thriving real estate market.