Property listed by Estate Properties, Shamim Khorsand Mashhadi 310-577-5300
$1,985,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
8
Square Ft.
3,950
Lot Size
0.16 Acres
Year Built
1922
MLS Number
26648861
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, Dryer, Washer
Building
Built in 1922, Living area: 3950.0, 4 buildings, Levels: One, Two
Cooling
WallWindowUnits
Heating
Combination, WallFurnace
Income
Gross Income: $147,180, Net Operating Income: $109,580
Laundry
Outside
Lot
0.163 acres
Parking
None
Roof
RolledHotMop
Taxes
Parcel Number: 5529009036, Zoning: WDR3C*
Tenant Pays
Electricity, Gas, Water
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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