439 North Hayworth Avenue

Los Angeles, CA 90048

$1,881,000
Last Sold Price
8
Beds
4
Baths
4,709 Sq. Ft.
$399 / Sq. Ft.
4,709
Sq. Ft.
$399
per Sq. Ft.

Description

439 N. Hayworth is a value-add fourplex in the heart of the Fairfax District, an "A+" rental market under constant demand by high-income young professionals. Located blocks from The Grove and several other thriving neighborhood hubs (Melrose Ave, Fairfax Ave, West 3rd St), this charming French-Normandy style fourplex is near various trendsetting retailers, heavily-visited restaurants, and lively nightlife options. 439 N. Hayworth features (4) spacious 2-bdrm units that average approx. 1,175 SF. Please...439 N. Hayworth is a value-add fourplex in the heart of the Fairfax District, an "A+" rental market under constant demand by high-income young professionals. Located blocks from The Grove and several other thriving neighborhood hubs (Melrose Ave, Fairfax Ave, West 3rd St), this charming French-Normandy style fourplex is near various trendsetting retailers, heavily-visited restaurants, and lively nightlife options. 439 N. Hayworth features (4) spacious 2-bdrm units that average approx. 1,175 SF. Please note that one unit is currently VACANT, and a section-8 tenant rents another. This Fairfax District investment opportunity presents a substantial value add opportunity, as rents are approx. 42% below market compared to renovated units in the area. Additionally, the property is offered at $425 per foot and $499,750 per unit, and at the list price, 439 N. Hayworth stabilizes at a 5.26% CAP and 13.74 GRM. Property amenities include (2) 2-car garages that generate additional income and a community laundry room.

Listing Agent

  1. Max Berger

    Max Berger

    Listing Agent

    Compass

    DRE #02054048

    max.berger@compass.com

    P: 818.321.4972

Property Details for 439 North Hayworth Avenue

Zoning
LAR3
Style
French Normandy
Cross Streets
Oakwood Avenue and N. Hayworth Avenue
Parcel Number
5527032019
Total Units
4.0
Living Area
4709
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048

Sold By Rebah Properties, Tzvi Haber, DRE #01916891

Add your commute
LISTING UPDATED: 01/26/2024 09:59 AM

Property Details for 439 North Hayworth Avenue

StatusSold
MLS #23-310371
Days on Market62
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.15 AC / 6,613 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048

Sold By Rebah Properties, Tzvi Haber, DRE #01916891

Add your commute

Virtual Tour

Building Information for 439 North Hayworth Avenue

Stories2Residences-Year Built1949Building Size-Lot Size0.15 AC / 6,613 SF

Payment Calculator

$10,772 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,265

Property Taxes

$507

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 439 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: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $99,219
  • Net Operating Income: $63,300.00
  • Gross Income: $102,288
  • Gross Rent Multiplier: $19.54
  • Financial Info as Of: 09/12/2023
  • Total Annual Expense: 35920
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 6613
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Garage - Two Door
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating Type: Other
  • Flooring: Wood, Carpet
  • Equipment: Built-Ins, Freezer, Range/Oven, Refrigerator
  • Common Walls: Attached
  • Laundry: Community, Garage
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-12-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,096.00
  • Unit Actual Rent: $8,384.00
  • Unit Projected Rent: $11,980.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106

Property History for 439 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 439 North Hayworth Avenue

Taxable ValueLand$271,223Additions$180,811Total$452,034
Tax Record2023$6,084 ($507 / month)
Home Facts
Total Finished SqFt4,709 SqFtAbove Grade Finished SqFt4,709 SqFtLot Size6,613 SqFtStyleQuadraplexYear Built1949ZoningLAR3CountyLOS ANGELESAPN5527-032-019

Schools near 439 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Compass, Max Berger, DRE #02054048

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.