439 N Hayworth Ave | Los Angeles, CA 90048
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- LoopNet Team
439 N Hayworth Ave
Los Angeles, CA 90048
Fourplex by The Grove w/ 42% Rental Upside · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Value-add fourplex located in the heart of the Fairfax District, an "A+" rental location under constant demand by high-income young professionals
- Featuring (4) 2-bdrm. units that are approx. 1,175 SF. Please note, there is one VACANT unit and another unit is rented by a section-8 tenant
- Property amenities include (2) 2-car garages that generate additional income and a community laundry room
- Blocks from several thriving neighborhood shopping and dining hubs, including The Grove, Melrose Ave, Fairfax Ave, and West 3rd St.
- Substantial value-add opportunity, approx. 42% rental upside compared to renovated units in the area
PROPERTY FACTS
| No. Units | 4 | Building Size | 4,709 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1949 |
| Lot Size | 0.15 AC | Parking Ratio | 0.85/1,000 SF |
| Zoning | LAR3 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.15 AC |
| Building Size | 4,709 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | LAR3 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $2,180 | 1,175 |
PROPERTY TAXES
| Parcel Number | 5527-032-019 | Improvements Assessment | $562,020 |
| Land Assessment | $1,356,600 | Total Assessment | $1,918,620 |
PROPERTY TAXES
Parcel Number
5527-032-019
Land Assessment
$1,356,600
Improvements Assessment
$562,020
Total Assessment
$1,918,620
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