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    1023 N Hayworth Ave

    West Hollywood, CA 90046
    • $3,400,000
    • STATUS: Active
    • ON SITE: 79 days
    • MLS #: 21-757928
    $3,400,000
    • 11
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,922
      SQFT
    • $429
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    1023 North Hayworth Avenue, a 9-unit apartment asset in West Hollywood, one of the most desirable submarkets of Los Angeles. Located 1/2 block south of Santa Monica Boulevard and one block west of Fairfax. Built in 1959, the property has an advantageous unit mix of (3) two-bedroom/two-bathroom, (5) one-bedroom/one-bathroom units and 1 studio unit. The property has undergone recent improvements including a newer roof and copper plumbing throughout. Several of the nine units have been completely renovated. The remaining unrenovated units offer investors 48% upside potential in rents. The remodeled units feature hardwood floors, recessed lighting, stainless steel appliances, quartz countertops and in-unit washer and dryers. Densely packed into 1.9 walkable square miles, West Hollywood includes a vast culinary landscape, the Sunset Strips notorious nightlife, designer flagships lining the Design District, celebrity hot spots, global annual events, premier spas, fitness centers and entertainment. Motivated Seller.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T23:42:34.71. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/119128901
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    1023 N Hayworth Ave West Hollywood, CA 90046

    • Price: $3,400,000
    • Status: Active
    • MLS #: 21-757928
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,922
    SQFT
    $429
    $/SQFT
    1959
    Built
    Neighborhood:
    West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity
    Property Description
    1023 North Hayworth Avenue, a 9-unit apartment asset in West Hollywood, one of the most desirable submarkets of Los Angeles. Located 1/2 block south of Santa Monica Boulevard and one block west of Fairfax. Built in 1959, the property has an advantageous unit mix of (3) two-bedroom/two-bathroom, (5) one-bedroom/one-bathroom units and 1 studio unit. The property has undergone recent improvements including a newer roof and copper plumbing throughout. Several of the nine units have been completely renovated. The remaining unrenovated units offer investors 48% upside potential in rents. The remodeled units feature hardwood floors, recessed lighting, stainless steel appliances, quartz countertops and in-unit washer and dryers. Densely packed into 1.9 walkable square miles, West Hollywood includes a vast culinary landscape, the Sunset Strips notorious nightlife, designer flagships lining the Design District, celebrity hot spots, global annual events, premier spas, fitness centers and entertainment. Motivated Seller.
    Exterior Features

    Exterior Construction Hard Coat Lot Size Area 6984 Other Structures None Parking Garage TandemCovered Parking Total Parking 8

    Interior Features

    Bathroom Features Tile Baths Total 12.00 Cooking Appliances MicrowaveOvenCooktop - Gas Cooling Ceiling FanWall Unit(S) Equipment Ceiling FanDishwasherMicrowave Flooring Hardwood Heating Wall Kitchen Features Stone CountersRemodeled Laundry In Unit

    Property Features

    Gross Income 199452 Gross Operating Income 191722 Like Units1 3 Like Units2 5 Like Units3 1 Net Operating Income 118094.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Owner Source Lot Size Area Owner Total Annual Expense 75304 Type Of Units Apartments Year Built Source Seller Zoning Wdr3c*

    Listing provided courtesy of Kimberly Roberts Stepp DRE#01251767 of Stepp Commercial.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T23:42:34.71. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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