439 N Hayworth Ave is a character-rich Fairfax District fourplex offering significant rental upside in one of Los Angeles’ most consistently high-demand neighborhoods. Situated just blocks from The Grove, Melrose Avenue, Fairfax Avenue, and West 3rd Street, this French-Normandy style Fairfax multifamily property blends architectural charm with a location that attracts high-income professionals seeking a walkable and trend-forward lifestyle.

The building features (4) spacious two-bedroom units, each averaging approximately 1,175 square feet. These large floorplans are ideal for today’s renter profile and present a compelling value-add opportunity for investors looking to reposition a trophy asset in a Class A rental market. One of the four units is currently VACANT, allowing new ownership to begin renovations immediately. Another unit is leased to a Section 8 tenant, offering a stable income stream with guaranteed rent.

Current in-place rents are approximately 42% below market, creating an opportunity for investors to achieve substantial upside through interior upgrades and operational improvements. At projected market rents, 439 N Hayworth Ave is expected to stabilize at a 5.26% CAP and 13.74 GRM, providing a competitive return profile for such a prime Los Angeles submarket.

The property also includes two two-car garages that generate additional income and may offer future ADU potential (buyer to verify). A shared community laundry room adds convenience for tenants and provides additional income potential for ownership.

This Fairfax multifamily investment combines iconic 1930s architecture, oversized unit layouts, and significant upside potential in a location where demand remains consistently strong. With walkable access to LA’s top retail, dining, and cultural amenities, 439 N Hayworth Ave stands out as a rare fourplex opportunity in one of the city’s most sought-after neighborhoods.