439 N Hayworth Avenue, Los Angeles, CA 90048
Property
Sold January 2024
Listing Agent: Max Berger (DRE #02054048) · Listing Office: Compass · Contact: 310-230-5478 · Bought with: Tzvi Haber · Rebah Properties · MLS #23310371 · Source: CRMLS
About this 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. 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.
Listing description from the January 2024 sale, as reported to CRMLS.
Sale history