Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

3,950 sqft

Lot size

7,102 sqft

Year built

1922

Stories

0

Heating

Combination,Wall Furnace

Cooling

Wall/Window Unit(s)

View

None

Status

Active

Days on market

224

MLS #

238880698

About this property

Two units DELIVERED VACANT at COE of this 4-Plex in a prime West Hollywood location just south of Santa Monica Boulevard. 1028 N Hayworth Avenue is a charming 1922 Spanish-style fourplex situated on a 7,102 sq ft lot (WDR3Czoning). The 3/2's were built in the 80's. This income-producing property features a desirable mix of two 1-bedroom/1-bath units and two spacious 3-bedroom/2-bath units. Each unit is separately metered, with tenants responsible for gas, water, and electricity helping maintain low operating expenses. Recent upgrades include Liquid Rubber Roof Treatments in 2024 across all units, multiple new waterheaters, interior renovations, and appliance replacements. With one unit vacant and another to be delivered vacant, the property offers strong upside potential through rental repositioning or possible redevelopment. Unit Breakdown: * 1028 N Hayworth Ave1 bed | 1 bath | Month-to-month lease at $1,248/monthFeatures a newer hot water heater (approx. 3 years old) and received a Liquid RubberRoof Treatment in 2024. This unit is in need of full renovation. * 1028 1/2 N Hayworth Ave1 bed | 1 bath + walk-in closet or small office | Vacant (Market rent est. $2,950/month)Renovated in 2024 with new kitchen countertops, sink, fixtures, refrigerator, stove,dishwasher, and flooring, new copper repipe throughout and mini-split HVAC. Includes in-unit laundry and newer waterheater (2021), as well as Liquid Rubber Roof Treatment (2024). * 1030 1/2 N Hayworth Ave 3 bed | 2 bath | Month-to-month lease at $3,565/monthTenants moved in June 2022. Features a gas fireplace, exterior laundry, new flooring(2020), appliances replaced in 2021 (refrigerator and stove), and Liquid Rubber Roof Treatment in 2024. * 1030 N Hayworth Ave 3 bed | 2 bath | Will be delivered vacant (Market rent est. $4,500/month) Renovated in 2025 with new flooring throughout, a full downstairs bathroom renovation, and a kitchen remodel including new cabinets, countertops, sink, fixtures, and appliances. Includes exterior laundry with new washer and dryer, hot water heater replaced in 2023, wall-unit heating and AC on both floors, as well as a Liquid Rubber Roof Treatment in 2024. There is no off-street parking for this property. However, the seller has had a long-standing informal agreement with a property owner across the street to lease two tandem parking spaces for $750 per year. This arrangement has been in place for over 20 years but is month-to-month and may be terminated with 30 days' notice. This arrangement is not gauranteed to remain in place after the sale, New owners to negotiate new deal. All information provided deemed reliable but not guaranteed. Buyer and Buyer's agent to verify all information provided including but not limited to zoning, planning and permits.

Location

1028 N Hayworth Avenue

West Hollywood, Los Angeles, CA, 90046