Property listed by The Passman Group, Inc., Ricky Mitchell 310-859-8100
$2,775,000
A meticulously renovated 8-unit Art Deco apartment building, 822 Hayworth Avenue seamlessly blends historic charm with modern comfort. Interiors include stainless steel appliances, new hardwood flooring, and abundant natural light. Residents enjoy a tranquil front courtyard with water fountain and alley-accessed parking. Highly desirable neighborhood offering nearby shops, dining, and… Read More entertainment. Potential ADU development opportunity further complements this rare investment opportunity with strong upside in one of Los Angeles' most desirable locals. 8 one bed / one bath units with upgraded unit interiors with stainless steel appliances + hardwood floors. Rare opportunity in a high-demand area with ample space for multi-unit development Potential to develop 5 ADUs. Maximize investment returns with accessory dwelling units ideal for rental income or multigenerational living. Architectural plans available (to build 4 units + parking). Shovel-ready development with professionally designed plans included, saving time and costs on entitlements and design work. Highlights: *Remodeled Art Deco apartment building with zen garden + courtyard fountain, and additional land for up to 5 ADUs. *2,100 SF of buildable land to potentially develop 5 ADUs and increase gross income. *Exceptional location, one block west of Fairfax, one block north of Melrose, adjacent to major bus line and proposed Metro Station. *Onsite parking: 5 gated spaces, 2 accessible through the rear alley, 7 in total. *Close to the Original Farmers Market, the Grove, Erewhon Market, Whole Foods + Fairfax High School. *Cap Rate: 5.41% / NOI: $150,096 / Please request Financials for further Information* Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
8
Square Ft.
4,840
Lot Size
0.17 Acres
Year Built
1924
MLS Number
26653177
Additional Details
Appliances & Equipment
Dishwasher, Microwave
Building
Built in 1924, Living area: 4840.0, 1 building, 2 stories, Levels: Two, Construction Materials: Stucco
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $220,512, Net Operating Income: $150,096
Laundry
CommonArea
Lot
0.1722 acres, Dimensions: 50x150, FrontYard
Parking
7 total parking spaces, Assigned
Property
Other structures: Sheds
Taxes
Parcel Number: 5529021042, Zoning: LAR3
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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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