Los Angeles, CA 90048 648 N Hayworth Avenue

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Presented By: Dario Svidler with Keller Williams Beverly Hills;
  • MLS# 24386835
  • 05/01/2024
  • Request Tour
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  • BedBeds • 13
  • BathBaths • 13
  • FootageSQFT • 7,392
  • GarageGarage • 1

Home Details

We are proud to exclusively present for sale a 10 unit residential income property just outside of West Hollywood. The adjacent 9 unit building is also available for sale. Central, central, central! Just off Melrose Ave., and around the corner from the Central Fairfax District and Fairfax High School (with it's weekend Melrose Trading Post), this property is right dab in the middle of a Walker's Paradise, surrounded by shops, fine and casual dining, sought-after nightlife, and pretty much anything trendy one can think of! Long-term owners have lovingly cared for the building over the years, and with new and longer-term tenants, rents are still averaging around 35% below market. The building's tuck-under parking has been mitigated, with the already-completed Soft Story Seismic Retrofit work. And there's always potential for ADUs! The offering features bright units that each cover the whole width of the building, and spacious layouts ranging from 652 square feet to 936 square feet eachwith a Single at 295 square feet! There are three sets of tandem parking spaces in the front and five gated parking spaces in the back, accessible from the alley. Lots of jobs in the area, but situated on a calm residential street with permit parking! Walking distance to The Grove, the 3rd Street Shopping District, the Beverly Center and more! The property currently shares some services with the neighboring building, such as garbage, garage gates and laundry room.
Presented By: Dario Svidler with Keller Williams Beverly Hills;

Interior Features for 648 N Hayworth Avenue

Bedrooms

Total Bedrooms13

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths13

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixAvenue
Total Stories2

General for 648 N Hayworth Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.58
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsBy Fairfax and Melrose. Just south of WeHo.
DisclosuresRentControl
Garage Y/NYes
Gross Income221539.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet7502.0
MLS AreaC10 - West Hollywood Vicinity
MobileHomeRemainsYNNo
Net Operating Income130607.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameHayworth
Total Units10
View Y/NNo
Waterfront Y/NNo
Year Built1965
ZoningR3

Exterior for 648 N Hayworth Avenue

Building Area Total7392.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1722
Lot Size Area7502.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Covered, Garage, Gated, SideBySide, Tandem, Uncovered
SpaNo
Total Parking11.0

Additional Details

Price History

1527188455

First Team Client Services

Price $2,850,000
MLS#24386835
List Date 05/01/2024
Property Type Multi-Family
Phone 714.964.3311
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