Closed Listing
(4) 2-Bdrm. Units by The Grove w/ 42% Upside
439 n hayworth ave
sold in
Fairfax District
Sold At
$
1,881,000
4
Number of Units
1949
Year Built
4,709
SF
Square Footage
6,613 SF
SF
Lot Size
LAR3
Zoning
439 N Hayworth Ave, Los Angeles, CA 90048
About the Property
439 N Hayworth is a value-add fourplex in the heart of the Fairfax District, an "A+" rental market under constant demand by high-income young professionals. Located blocks from The Grove and several other thriving neighborhood hubs (Melrose Ave, Fairfax Ave, West 3rd St), this charming French-Normandy style fourplex is near various trendsetting retailers, heavily-visited restaurants, and lively nightlife options. 439 N. Hayworth features (4) spacious 2-bdrm units that average approx. 1,175 SF. Please note that one unit is currently VACANT, and a section-8 tenant rents another. This Fairfax District investment opportunity presents a substantial value add opportunity, as rents are approx. 42% below market compared to renovated units in the area. 439 N. Hayworth stabilizes at a 5.26% CAP and 13.74 GRM. Property amenities include (2) 2-car garages that generate additional income and a community laundry room.
4
Number of Units
1949
Year Built
4,709
SF
Square Footage
6,613 SF
SF
Lot Size
LAR3
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$470,250
Price p/ Sq. ft.
$399
Proforma Cap Rate
5.67
Contact
Sales agent
Video
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