648 North Hayworth Avenue

Los Angeles, CA 90048

$2,850,000
Price
13
Beds
13
Baths
7,392 Sq. Ft.
$386 / Sq. Ft.
7,392
Sq. Ft.
$386
per Sq. Ft.

Description

We are proud to exclusively present for sale a 10 unit residential income property just outside of West Hollywood. The adjacent 9 unit building is also available for sale. Central, central, central! Just off Melrose Ave., and around the corner from the Central Fairfax District and Fairfax High School (with it's weekend Melrose Trading Post), this property is right dab in the middle of a Walker's Paradise, surrounded by shops, fine and casual dining, sought-after nightlife, and pretty much anything...We are proud to exclusively present for sale a 10 unit residential income property just outside of West Hollywood. The adjacent 9 unit building is also available for sale. Central, central, central! Just off Melrose Ave., and around the corner from the Central Fairfax District and Fairfax High School (with it's weekend Melrose Trading Post), this property is right dab in the middle of a Walker's Paradise, surrounded by shops, fine and casual dining, sought-after nightlife, and pretty much anything trendy one can think of! Long-term owners have lovingly cared for the building over the years, and with new and longer-term tenants, rents are still averaging around 35% below market. The building's tuck-under parking has been mitigated, with the already-completed Soft Story Seismic Retrofit work. And there's always potential for ADUs! The offering features bright units that each cover the whole width of the building, and spacious layouts ranging from 652 square feet to 936 square feet eachwith a Single at 295 square feet! There are three sets of tandem parking spaces in the front and five gated parking spaces in the back, accessible from the alley. Lots of jobs in the area, but situated on a calm residential street with permit parking! Walking distance to The Grove, the 3rd Street Shopping District, the Beverly Center and more! The property currently shares some services with the neighboring building, such as garbage, garage gates and laundry room.

Property Details for 648 North Hayworth Avenue

Zoning
R3
Parcel Number
5527017019
Total Units
10.0
Living Area
7392
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
0
Lot Size Area
7502

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474
Add your commute
LISTING UPDATED: 05/09/2024 12:01 AM

Property Details for 648 North Hayworth Avenue

StatusActive
MLS #24-386835
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474
Add your commute

Building Information for 648 North Hayworth Avenue

Stories2Residences-Year Built1965Building Size-Lot Size0.17 AC / 7,502 SF

Payment Calculator

$17,644 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,554

Property Taxes

$2,090

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 648 North Hayworth Avenue

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Flat
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $214,892
  • Net Operating Income: $130,607.00
  • Gross Income: $221,539
  • Cap Rate: 4.58%
  • Gross Rent Multiplier: $12.86
  • Actual Annual Gross Rent: $221,539.00
  • Total Annual Expense: 84286
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
Parking Details
Parking Details
  • Parking Garage: Assigned, Gated, Side By Side, Tandem, Uncovered, Covered Parking
  • Total Parking: 11
  • Parking Features: Assigned, Gated, Side by Side, Tandem Garage, Uncovered, Covered
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $469.00
  • Unit Actual Rent: $469.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,637.00
  • Unit Actual Rent: $9,823.00
  • Unit Projected Rent: $14,400.00
  • Like Units: 6
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,690.00
  • Unit Actual Rent: $8,070.00
  • Unit Projected Rent: $10,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $990,204.00
  • Assessed Improvement Percent: 50.0
  • Assessed Land Value: $990,204.00
  • Assessed Land Percent: 50
  • Assessed Total Value: $1,980,408.00

Property History for 648 North Hayworth Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 648 North Hayworth Avenue

Taxable ValueLand$990,204Additions$990,434Total$1,980,638
Tax Record2023$25,075 ($2,090 / month)
Home Facts
Total Finished SqFt7,392 SqFtAbove Grade Finished SqFt7,392 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLAR3CountyLOS ANGELESAPN5527-017-019

Schools near 648 North Hayworth Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

Whitman Continuation School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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648 North Hayworth Avenue is a multi-family home for sale in Los Angeles, CA 90048. This property was listed for sale on May 1, 2024 by Keller Williams Beverly Hills, it's currently listed at $2,850,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and Whitman Continuation School. 648 North Hayworth Avenue is a 13-bed, 13-bath, 7,392 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.