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652 N Hayworth Avenue

Los Angeles (City), CA 90048
  • $3,450,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: 21105905
UPDATED: 61 min ago
$3,450,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing provided courtesy of Mark Ventre of Keller Williams-Santa Monica and Darin Beebower of Keller Williams-Santa Monica

Description

The building will be delivered with five vacant units, one of which is substantially renovated, and one partially renovated. There is over 90% rental upside from the as-is rents to the market rents including the two ADUs. The property is comprised of nine units and will be delivered with RTI plans for two ADUs. These plans also encompass the seismic retrofit upgrades since they are in the same location as the ADUs. The concurrent construction will allow for cost savings for the retrofit. The current unit mix consists of (3) two-bedroom, two-bath units and (6) one-bedroom, one-bath units. The upstairs units have balconies, and the downstairs units have the potential to add private patios. The under-utilized front yard could become additional parking spaces or an amenity space. The property currently has 5 single and 3 tandem parking stalls for a total of 11 spaces. In addition to being surrounded by some of the most coveted retail in the city, one of main drivers of the strength of this special Melrose/Fairfax/West Hollywood/Grove intersection is the plethora of high paying jobs created by the entertainment, media and technology companies such as Netflix, CBS, Viacom, and HBO.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-26T18:26:17.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123395661
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652 N Hayworth Avenue Los Angeles (City), CA 90048

  • Price: $3,450,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 61 min ago
  • ID#: 21105905
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1959
Built
Neighborhood:
C10 - West Hollywood Vicinity
County:
Los Angeles
Area:
C10 - West Hollywood Vicinity
Property Description
The building will be delivered with five vacant units, one of which is substantially renovated, and one partially renovated. There is over 90% rental upside from the as-is rents to the market rents including the two ADUs. The property is comprised of nine units and will be delivered with RTI plans for two ADUs. These plans also encompass the seismic retrofit upgrades since they are in the same location as the ADUs. The concurrent construction will allow for cost savings for the retrofit. The current unit mix consists of (3) two-bedroom, two-bath units and (6) one-bedroom, one-bath units. The upstairs units have balconies, and the downstairs units have the potential to add private patios. The under-utilized front yard could become additional parking spaces or an amenity space. The property currently has 5 single and 3 tandem parking stalls for a total of 11 spaces. In addition to being surrounded by some of the most coveted retail in the city, one of main drivers of the strength of this special Melrose/Fairfax/West Hollywood/Grove intersection is the plethora of high paying jobs created by the entertainment, media and technology companies such as Netflix, CBS, Viacom, and HBO.
Exterior Features

Carport YN Yes Construction Materials StoneStucco Parking Features CoveredCarport Parking Total 11

Interior Features

Appliances Gas OvenRefrigeratorRange Hood Flooring TileVinyl Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Association Fee 0 Gross Income 269772 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 184312 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-26T18:26:17.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing provided courtesy of Mark Ventre of Keller Williams-Santa Monica and Darin Beebower of Keller Williams-Santa Monica