1028 N Hayworth Ave West Hollywood , CA 90046
Active
$2,750,000
4 Units
8 Beds
6 Baths
3,950 Area(sq.ft.)
7,102 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 3,462 | $ 3,462 | $ 4,500 |
| Unit 2 | 2 | 3 | 2 | No | n/a | n/a | $ 4,500 |
| Unit 3 | 3 | 1 | 1 | No | $ 1,211 | $ 3,000 | $ 3,000 |
| Unit 4 | 4 | 1 | 1 | No | $ 2,650 | $ 2,650 | $ 2,750 |
| 4 | 10 | 16 | 13 | $ 17,695 | $ 23,062 | $ 33,500 |
| MLS #: | 24-387933 |
| Days On Market: | 213 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 696 |
| Price per unit: | $ 687,500 |
| Year Built: | 1922 |
Property Details
Nestled in the heart of West Hollywood, this property boasts a prime location surrounded by an array of restaurants, bars, and entertainment venues, along with convenient access to the vibrant shops lining Melrose Avenue and the amenities of Whole Foods Market. Offering a compelling opportunity for both owner-occupiers and savvy investors, this collection of four freestanding homes presents a value-add proposition through renovation potential in the vacant units.The property features a diverse mix of residences, including two spacious 3-bedroom, 2-bathroom townhomes and two cozy 1-bedroom, 1-bathroom cottages. Each unit is equipped with separate gas, electric, and water meters, ensuring individualized utility management. At the time of closing, one of the 3-bedroom units and one of the 1-bedroom units will be delivered vacant, providing flexibility for new owners.The front cottage, 1028, currently occupied, offers a charming living space with wood and carpet flooring, complemented by an AC wall unit and a sizable enclosed front yard. Adjacent, 1028 1/2, soon to be vacant, features a gas wall heater, two window AC units, and a private side yard, along with newer appliances and a newer water heater as well as brand new 9 inch wide vinyl laminate flooring throughout the house.One of the highlights, 1030, also to be delivered vacant, is a spacious 3-bedroom townhouse featuring a gas wall heater, an AC wall unit, and a range of recent updates including kitchen cabinets and flooring and comes with 2 tandem parking spaces. Additionally, 1030 1/2 exudes character with its high ceilings, gas fireplace, and elegant spiral staircase, offering a blend of modern comfort and timeless charm.Both townhomes boast enclosed patios off the upstairs bedrooms, adding an inviting outdoor retreat. All units except 1028 have Washer and Dryer, 1028 1/2 is in-unit while 1030 and 1030 1/2 are located outside the units. Notably, parking arrangements have been established with leased tandem spaces nearby, although longevity is subject to negotiation.While all information provided is deemed reliable, prospective buyers and their agents are encouraged to conduct thorough due diligence to ensure satisfaction with the property. With its versatile layout, convenient amenities, and prime location, this offering presents an exceptional opportunity to become a part of the vibrant West Hollywood community.Interested in this Listing?
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Income Details
| Vacancy Rate: | 50% |
| Gross Operating Income: | $ 143,076 |
| Total Annual Expense: | $ 48,543 |
| Net Operating Income: | $ 94,533 |
| Gross Annual Income: | $ 143,076 |
| Gross Rent Multiplier: | 19.00 |
Structure
| Type of Units: | 3/2,1/1 |
| Buildings: | 4 |
| Levels: | Multi/Split, One |
Land & Parking
| Zoning: | WDR3C* |
| Parking Garage: | None |
Interior
| AC/Cooling: | Window Unit(s), Wall Unit(s) |
| Equipment: | Stackable W/D Hookup, Range/Oven, Refrigerator, Dishwasher |
| Heating: | Wall, Fireplace |
| Laundry: | Outside, In Unit |
Exterior
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