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439 Hayworth Avenue
Los Angeles, CA 90048
Sold
439 Hayworth Avenue
Los Angeles, CA 90048
Sold
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. Additionally, the property is offered at $425 per foot and $499,750 per unit, and at the list price, 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.
PROPERTY INFORMATION
| MLS # | 23310371 | Lot Size | 6,613 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,999,000
Price Per SqFt: $ 425 |
DOM | 599 Days |
| Address | 439 Hayworth Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,709 Sq. Ft. |
| Postal Code | 90048 | Garage | 4 |
| County | Los Angeles | Year Built | 1949 |
| Bed / Bath | 8 / 0 | Parking | 4 |
| Built In | 1949 | Status | Closed |
| Sold Date | 2024-01-26 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community, In Garage |
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Wood, Carpet |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,132
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/20/2023 | Listed | $1,999,000 |
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Listing provided courtesy of Max Berger, Compass. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
