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    652 N Hayworth Ave

    Los Angeles, CA 90048
    • $3,450,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 20-595056
    Price Reduced
    UPDATED: 13 min ago
    $3,450,000
    • 12
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,516
      SQFT
    • $405
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    652 N Hayworth Avenue is in the epicenter of the Melrose Shopping District, one of the most popular and prestigious retail destinations in Los Angeles. The property is comprised of nine units and is architecturally qualified for an additional two ADU units. The property will be delivered with five units vacant, two of which are either completely or substantially renovated. The four occupied units have rents that are approximately 170% below market, providing an opportunity for a long- term owner to immediately reposition the building and capture a tremendous amount of future upside as the remaining units turn. Additionally, a feasibility study has been performed, and the findings indicate that up to two ADU (Accessory Dwelling Units) may be added to the building, potentially yielding a 15% increase in rental income. The upstairs units have balconies, and the downstairs units have the potential to add private patios. The property has a total of 10 parking spaces (6 single and 4 tandem).

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-03T21:42:54.717. 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.corrieluxuryhomes.com/homes/107164784
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    652 N Hayworth Ave Los Angeles, CA 90048

    • Price: $3,450,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: 20-595056
    12
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,516
    SQFT
    $405
    $/SQFT
    1959
    Built
    Neighborhood:
    West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity
    Property Description
    652 N Hayworth Avenue is in the epicenter of the Melrose Shopping District, one of the most popular and prestigious retail destinations in Los Angeles. The property is comprised of nine units and is architecturally qualified for an additional two ADU units. The property will be delivered with five units vacant, two of which are either completely or substantially renovated. The four occupied units have rents that are approximately 170% below market, providing an opportunity for a long- term owner to immediately reposition the building and capture a tremendous amount of future upside as the remaining units turn. Additionally, a feasibility study has been performed, and the findings indicate that up to two ADU (Accessory Dwelling Units) may be added to the building, potentially yielding a 15% increase in rental income. The upstairs units have balconies, and the downstairs units have the potential to add private patios. The property has a total of 10 parking spaces (6 single and 4 tandem).
    Exterior Features

    Levels Two Lot Location City Lot Size Area 7498 Other Structures None Parking Garage CarportTandem Total Parking 10

    Interior Features

    Baths Total 12.00 Common Walls Attached Cooling Air Conditioning Den No Dining Room No Equipment Garbage DisposalHood FanRange/OvenRefrigerator Family Room No Heating Wall Gas

    Property Features

    Gross Income 206580 Gross Operating Income 200383 Like Units1 1 Like Units2 2 Like Units3 1 Like Units4 4 Like Units5 1 Net Operating Income 119085.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Estimated Source Lot Size Area Assessor Total Annual Expense 81298 Type Of Units Apartment Year Built Source Assessor Zoning Lar3

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


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-03T21:42:54.717. 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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