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652 N Hayworth Ave

Los Angeles, CA 90048
  • $3,450,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 21-105905
UPDATED: 51 min ago
$3,450,000
  • 12
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,784
    SQFT
  • $443
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

The building will be delivered with five vacant units, one of which is substantially renovated, and one partially renovated. There is over 90% rental upside from the as-is rents to the market rents including the two ADUs. The property is comprised of nine units and will be delivered with RTI plans for two ADUs. These plans also encompass the seismic retrofit upgrades since they are in the same location as the ADUs. The concurrent construction will allow for cost savings for the retrofit. The current unit mix consists of (3) two-bedroom, two-bath units and (6) one-bedroom, one-bath units. The upstairs units have balconies, and the downstairs units have the potential to add private patios. The under-utilized front yard could become additional parking spaces or an amenity space. The property currently has 5 single and 3 tandem parking stalls for a total of 11 spaces. In addition to being surrounded by some of the most coveted retail in the city, one of main drivers of the strength of this special Melrose/Fairfax/West Hollywood/Grove intersection is the plethora of high paying jobs created by the entertainment, media and technology companies such as Netflix, CBS, Viacom, and HBO.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-26T20:42:51.07. 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/123393906
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652 N Hayworth Ave Los Angeles, CA 90048

  • Price: $3,450,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 51 min ago
  • MLS #: 21-105905
12
Beds
0
Baths
0
½ Baths
0.17
Acres
7,784
SQFT
$443
$/SQFT
1959
Built
Neighborhood:
West Hollywood Vicinity
County:
Los Angeles
Area:
West Hollywood Vicinity
Property Description
The building will be delivered with five vacant units, one of which is substantially renovated, and one partially renovated. There is over 90% rental upside from the as-is rents to the market rents including the two ADUs. The property is comprised of nine units and will be delivered with RTI plans for two ADUs. These plans also encompass the seismic retrofit upgrades since they are in the same location as the ADUs. The concurrent construction will allow for cost savings for the retrofit. The current unit mix consists of (3) two-bedroom, two-bath units and (6) one-bedroom, one-bath units. The upstairs units have balconies, and the downstairs units have the potential to add private patios. The under-utilized front yard could become additional parking spaces or an amenity space. The property currently has 5 single and 3 tandem parking stalls for a total of 11 spaces. In addition to being surrounded by some of the most coveted retail in the city, one of main drivers of the strength of this special Melrose/Fairfax/West Hollywood/Grove intersection is the plethora of high paying jobs created by the entertainment, media and technology companies such as Netflix, CBS, Viacom, and HBO.
Exterior Features

Exterior Construction StoneStucco Lot Size Area 7498 Other Structures None Parking Garage CarportCovered Parking Total Parking 11

Interior Features

Bathroom Features TileShower StallRemodeled Baths Total 12.00 Cooking Appliances Oven-GasRange Hood Cooling Wall Unit(S) Equipment Ceiling FanHood FanRefrigerator Flooring VinylTile Heating Wall Kitchen Features Stone Counters

Property Features

Gross Income 269772 Gross Operating Income 261697 Like Units1 1 Like Units2 4 Like Units3 1 Like Units4 2 Like Units5 1 Net Operating Income 184312.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Owner Source Lot Size Area Owner Total Annual Expense 39578 Type Of Units Apartments Year Built Source Seller Zoning Lar3

Listing provided courtesy of Mark Ventre DRE# of Keller Williams-Santa Monica.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-26T20:42:51.07. 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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