1028 North Hayworth Avenue

West Hollywood, CA 90046

$2,750,000
Price
8
Beds
6
Baths
3,950 Sq. Ft.
$696 / Sq. Ft.
3,950
Sq. Ft.
$696
per Sq. Ft.

Description

Nestled in the heart of West Hollywood, this property boasts a prime location surrounded by an array of restaurants, bars, and entertainment venues, along with convenient access to the vibrant shops lining Melrose Avenue and the amenities of Whole Foods Market. Offering a compelling opportunity for both owner-occupiers and savvy investors, this collection of four freestanding homes presents a value-add proposition through renovation potential in the vacant units. The property features a diverse mix...Nestled in the heart of West Hollywood, this property boasts a prime location surrounded by an array of restaurants, bars, and entertainment venues, along with convenient access to the vibrant shops lining Melrose Avenue and the amenities of Whole Foods Market. Offering a compelling opportunity for both owner-occupiers and savvy investors, this collection of four freestanding homes presents a value-add proposition through renovation potential in the vacant units. The property features a diverse mix of residences, including two spacious 3-bedroom, 2-bathroom townhomes and two cozy 1-bedroom, 1-bathroom cottages. Each unit is equipped with separate gas, electric, and water meters, ensuring individualized utility management. At the time of closing, one of the 3-bedroom units and one of the 1-bedroom units will be delivered vacant, providing flexibility for new owners. The front cottage, 1028, currently occupied, offers a charming living space with wood and carpet flooring, complemented by an AC wall unit and a sizable enclosed front yard. Adjacent, 1028 1/2, soon to be vacant, features a gas wall heater, two window AC units, and a private side yard, along with newer appliances and a newer water heater as well as brand new 9 inch wide vinyl laminate flooring throughout the house. One of the highlights, 1030, also to be delivered vacant, is a spacious 3-bedroom townhouse featuring a gas wall heater, an AC wall unit, and a range of recent updates including kitchen cabinets and flooring and comes with 2 tandem parking spaces. Additionally, 1030 1/2 exudes character with its high ceilings, gas fireplace, and elegant spiral staircase, offering a blend of modern comfort and timeless charm. Both townhomes boast enclosed patios off the upstairs bedrooms, adding an inviting outdoor retreat. All units except 1028 have Washer and Dryer, 1028 1/2 is in-unit while 1030 and 1030 1/2 are located outside the units. Notably, parking arrangements have been established with leased tandem spaces nearby, although longevity is subject to negotiation. While all information provided is deemed reliable, prospective buyers and their agents are encouraged to conduct thorough due diligence to ensure satisfaction with the property. With its versatile layout, convenient amenities, and prime location, this offering presents an exceptional opportunity to become a part of the vibrant West Hollywood community.
  1. Listed by Shamim Khorsand Mashhadi • DRE #02042990 • Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES

Property Details for 1028 North Hayworth Avenue

Zoning
WDR3C*
Parcel Number
5529009036
Total Units
4.0
Living Area
3950
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
50%
Lot Size Area
7102
LISTING UPDATED: 09/17/2024 08:11 PM

Property Details for 1028 North Hayworth Avenue

StatusActive
MLS #24-387933
Days on Market202
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.16 AC / 7,102 SF
CountyLos Angeles County

Building Information for 1028 North Hayworth Avenue

Stories4Residences-Year Built1922Building Size-Lot Size0.16 AC / 7,102 SF

Property Information for 1028 North Hayworth Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 4
  • Number Of Buildings: 4
  • Type Of Units: 3/2,1/1
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $143,076
  • Net Operating Income: $94,533.00
  • Gross Income: $143,076
  • Gross Rent Multiplier: $19.00
  • Total Annual Expense: 48543
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.163
  • Lot Size Square Feet: 7102
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split, One
  • Cooling Type: Window Unit(s), Wall Unit(s)
  • Heating: Wall Furnace, Fireplace(s)
  • Heating Type: Wall, Fireplace
  • Flooring: Mixed
  • Equipment: Stackable W/D Hookup, Range/Oven, Refrigerator, Dishwasher
  • Common Walls: Detached/No Common Walls
  • Laundry: Outside, In Unit
Exterior Features
Exterior Features
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-06-2024
  • Tenant Pays: Gas, Electricity, Water
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,462.00
  • Unit Actual Rent: $3,462.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,211.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $2,650.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $453,158.00
  • Assessed Improvement Percent: 28.87
  • Assessed Land Value: $1,116,485.00
  • Assessed Land Percent: 71.13
  • Assessed Total Value: $1,569,643.00

Property History for 1028 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 1028 North Hayworth Avenue

Taxable ValueLand$1,138,814Additions$463,101Total$1,601,915
Tax Record2024$20,849 ($1,737 / month)
Home Facts
Total Finished SqFt3,950 SqFtAbove Grade Finished SqFt3,950 SqFtLot Size7,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningWDR3C*CountyLOS ANGELESAPN5529-009-036

Schools near 1028 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 - 7 to 12
Public - 9 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

Whitman Continuation School
Public9 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.

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1028 North Hayworth Avenue is a multi-family home for sale in West Hollywood, CA 90046. This property was listed for sale on May 6, 2024 by RE/MAX ESTATE PROPERTIES, it's currently listed at $2,750,000. It has been on the market for a total of 202 days and was last sold on August 22, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and West Hollywood Opportunity School. 1028 North Hayworth Avenue is a 8-bed, 6-bath, 3,950 sqft multi-family home built in 1922.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Shamim Khorsand Mashhadi, DRE #02042990

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.