Arthur Arejian of Vanguard Investments Inc, as exclusive listing agent, is pleased to present an opportunity to purchase a 5 Unit Development Site located at 1227 N Formosa Ave, West Hollywood, CA 90046. Sitting on a 6,731 SF Lot Zoned WDR3B. There are currently 2 houses sitting on the lot that will be delivered vacant at the close of escrow.
Priced at $2,500,000 this site is an excellent Townhome Development Site in a Prime A West Hollywood Location which is perfectly suited for a development of 5 Townhomes each with private garages with unit access and roof decks for each Unit. Plans have been fully developed and will be delivered RTI / Shovel ready by the close of escrow. There is no subterranean parking, and no elevators. 4 of the 5 Units have a 2 car garage with 1 lift. And 1 of the 5 Units have a 1 car garage with 1 lift.
This development site is located in the heart of West Hollywood near the corner of Fountain Ave and La Brea. This prime West Hollywood location is walking distance from many restaurants, tourist attractions, public transportation, schools, jobs, markets, and shopping in Los Angeles. This coveted location is in the heart of West Hollywood’s acclaimed dining, arts, entertainment, and culture. West Hollywood is home to some of the most diverse demographics, income growth, positive job numbers, in a City that’s thriving culturally and financially in Southern California. This development opportunity is truly a RARE find.
Sold for $2,279,500
$2,279,500
1227 N Formosa Ave, West Hollywood, CA 90046
2beds
0baths
6,730Square Feet
VacantLand
Built in 1930
6,730 Square Feet Lot
$1,537,000 Zestimate®
$1,798/sqft
$3,687 Estimated rent
Home value
$1,537,000
$1.23M - $1.83M
$3,687/mo
Zestimate® history
Owner options
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$3,687/mo
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$3,687/mo
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$14,509/mo
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List your homeWhat's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 0
Cooling
- Wall
Appliances
- Included: Dishwasher, Garbage disposal, Range / Oven, Refrigerator
Features
- Has fireplace: No
Interior area
- Total interior livable area: 1,268 sqft
Property
Parking
- Parking features: Carport
Lot
- Size: 6,730 Square Feet
Details
- Parcel number: 5531007071
Community & HOA
Location
- Region: West Hollywood
Financial & listing details
- Price per square foot: $1,798/sqft
- Tax assessed value: $2,470,873
- Annual tax amount: $30,227
Price history
| Date | Event | Price |
|---|---|---|
| 11/19/2025 | Sold | $2,279,500+2.9%$1,798/sqft |
Source: Public Record Report a problem | ||
| 6/12/2019 | Sold | $2,215,000-7.5%$1,747/sqft |
Source: Public Record Report a problem | ||
| 2/20/2019 | Price change | $2,395,000-2.2%$1,889/sqft |
Source: Arthur Arejian, Broker #19425246 Report a problem | ||
| 1/22/2019 | Price change | $2,450,000-2%$1,932/sqft |
Source: Arthur Arejian, Broker #19425246 Report a problem | ||
| 1/18/2019 | Listed for sale | $2,500,000+57.2%$1,972/sqft |
Source: Arthur Arejian, Broker #19425246 Report a problem | ||
| 6/15/2016 | Sold | $1,590,000-9.1%$1,254/sqft |
Source:  CLAW #16124648 Report a problem | ||
| 5/18/2016 | Pending sale | $1,750,000$1,380/sqft |
Source: Rodeo Realty Inc. #16124648 Report a problem | ||
| 5/12/2016 | Listed for sale | $1,750,000+250%$1,380/sqft |
Source: Rodeo Realty Inc. #16124648 Report a problem | ||
| 5/29/2003 | Sold | $500,000+92.7%$394/sqft |
Source: Public Record Report a problem | ||
| 10/26/1999 | Sold | $259,500+29.8%$205/sqft |
Source: Public Record Report a problem | ||
| 6/30/1998 | Sold | $200,000$158/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $30,227 +1.5% | $2,470,873 +2% |
| 2024 | $29,776 +2.1% | $2,422,425 +2% |
| 2023 | $29,172 +8.3% | $2,374,927 +2% |
| 2022 | $26,946 -3.2% | $2,328,360 +2% |
| 2021 | $27,847 -0.9% | $2,282,706 +1% |
| 2020 | $28,087 | $2,259,300 +33.9% |
| 2019 | $28,087 +37.9% | $1,687,318 +2% |
| 2018 | $20,367 | $1,654,235 +2% |
| 2017 | $20,367 +2.1% | $1,621,800 +165.1% |
| 2016 | $19,953 +149.4% | $611,722 +1.5% |
| 2015 | $8,000 +1.5% | $602,534 +2% |
| 2014 | $7,878 | $590,732 +4.5% |
| 2011 | -- | $565,229 +0.8% |
| 2010 | -- | $561,006 -0.2% |
| 2009 | -- | $562,340 +2% |
| 2008 | -- | $551,314 +2% |
| 2007 | -- | $540,505 +2% |
| 2006 | -- | $529,908 |
| 2005 | -- | $529,908 +4% |
| 2004 | -- | $509,334 +84.6% |
| 2003 | -- | $275,913 +2% |
| 2002 | -- | $270,504 +4% |
| 2000 | -- | $260,000 |
Find assessor info on the county website
Neighborhood: 90046
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Nearby schools
GreatSchools rating
- 8/10Gardner Street Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Hubert Howe Bancroft Middle SchoolGrades: 6-8Distance: 0.7 mi
- 8/10Hollywood Senior High SchoolGrades: 9-12Distance: 0.5 mi
- California
- Los Angeles County
- West Hollywood
- 90046
- 1227 N Formosa Ave
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