Investment Overview

Marcus & Millichap is pleased to exclusively present 1530 N. Formosa Avenue—a 10-unit multifamily investment in prime West Hollywood featuring strong in-place income, an attractive unit mix, and long-term fixed financing through 2040. 1530 N. Formosa Avenue is a rare opportunity to acquire a 10-unit multifamily asset in the heart of West Hollywood with a financing profile and capital improvements that fundamentally de-risk the investment while preserving upside. Offered at $3,550,000, the property is anchored by assumable financing at 3.74% fixed through 2040—providing a cost of capital advantage that is virtually impossible to achieve in today’s market. This below-market debt structure enhances cash flow from day one and creates long-term financial certainty. Equally important, the asset has already undergone major capital improvements, including a Soft Story Seismic Retrofit, horizontal repiping, and a new roof—significantly reducing future capital expenditure risk and allowing new ownership to focus on income growth rather than infrastructure. The property features a highly desirable mix of one- and two-bedroom units, catering to a broad and stable tenant base in a market defined by strong demand and limited supply. Positioned just moments from Sunset Boulevard and major employment and entertainment hubs, the asset benefits from consistent tenant demand and long-term rent growth. This is not a heavy lift or speculative repositioning—this is a clean, stabilized asset with major systems already addressed and long-term debt in place, offering investors both immediate performance and future upside. In a market where most acquisitions require either higher-cost debt or significant capital investment, 1530 N. Formosa delivers both financial advantage and operational clarity—a combination that is increasingly difficult to find in West Hollywood.