North of Sunset | 3.74% Debt | 10 Units 1530 N Formosa Ave 10 Unit Apartment Building $4,884,161 CAD ($488,416 CAD/Unit) 4.82% Cap Rate Los Angeles, CA 90046

Prime Hollywood 10 Units | 3.74% Assumable Fixed Financing Through 2040 | Premier Location Near Melrose & Sunset
Rare opportunity to acquire a well-located 10-unit multifamily asset in the heart of Hollywood featuring highly attractive 3.74% assumable financing fixed through 2040, offering investors durable cash flow and long-term upside in one of Los Angeles’ most supply-constrained and desirable rental markets.
1530 N. Formosa Avenue represents a rare opportunity to acquire a boutique multifamily asset in one of Los Angeles’ most culturally vibrant and globally recognized neighborhoods. Located in the heart of Hollywood, just moments from Sunset Boulevard, Melrose Avenue, and the Hollywood Media District, the property offers investors a highly desirable combination of prime location, durable income, and favorable in-place financing.
This 10-unit property benefits from assumable financing at an attractive 3.74% fixed interest rate through 2040, providing a significant advantage in today’s elevated interest rate environment. The ability to acquire a stabilized asset with long-term below-market debt enhances both cash flow certainty and overall investment performance, while mitigating future refinancing risk. For investors seeking stable yield and long-term wealth preservation through institutional-quality real estate, this financing structure represents a meaningful strategic advantage.
Built in 1957, 1530 N. Formosa Avenue offers a well-balanced mix of one- and two-bedroom residences, appealing to a broad tenant base drawn to the energy and walkability of Hollywood’s premier lifestyle corridors. Residents benefit from close proximity to an unparalleled collection of renowned restaurants, luxury retail destinations, creative office campuses, and iconic entertainment venues, positioning the property within one of the most dynamic rental markets in Los Angeles.
Hollywood continues to attract tenants employed across the entertainment, streaming, technology, and media sectors, supported by ongoing investment in production facilities, studio infrastructure, and creative office environments. The neighborhood’s enduring global appeal, combined with high barriers to new multifamily supply, continues to support strong occupancy fundamentals and long-term rent growth trends.
1530 N. Formosa Avenue offers investors the opportunity to acquire a well-maintained asset with immediate income and future upside potential, supported by the ability to enhance revenue through thoughtful interior upgrades and strategic repositioning over time. The combination of location quality, strong tenant demand, and favorable debt creates a compelling acquisition opportunity for investors seeking to expand their presence within core Los Angeles submarkets.
As opportunities to secure multifamily assets in premier Hollywood locations with assumable financing below prevailing market rates remain limited, 1530 N. Formosa Avenue represents an attractive opportunity to acquire long-term generational real estate positioned for durable performance and continued appreciation within one of the nation’s most established rental markets.
Investment Highlights
10-unit multifamily asset located in prime Hollywood rental market
Assumable financing at 3.74% fixed interest rate through 2040
Strong in-place income with potential to increase rents over time
Desirable unit mix of one- and two-bedroom apartments
Located near Sunset Boulevard, Melrose Avenue, and the Hollywood Media District
High demand rental pocket supported by entertainment, media, and creative employment drivers
Attractive alternative to securing new debt at current market interest rates
Well-positioned for long-term appreciation in a high barrier-to-entry market
Ideal for private investors or family offices seeking stable yield with upside potential