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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.
Property Type(s):
Residential Income
| Last Updated | 10/30/2024 | Year Built | 1932 |
|---|---|---|---|
| Community | West Hollywood Vicinity | County | Los Angeles |
Price History
| Prior to Jun 7, '24 | $2,380,000 |
|---|---|
| Jun 7, '24 - Today | $2,290,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | West Hollywood Vicinity |
| GARAGE | Driveway |
| HEAT | Central |
| LOT | 6755 sq ft |
| PARKING | Driveway |
| STORIES | 1 |
| ZONING | WDR3B* |
Location
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Listed with Shepherd Realty Group
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