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$ 1,885,000
Est. payment /mo
Active
1601 S Hayworth Avenue Los Angeles, CA 90035
5,634 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,634 sqft
Price per Sqft $334
MLS Listing ID CL25619257
HOA Y/N No
Year Built 1928
Lot Size 6,621 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
We are pleased to present a compelling value-add and owner-user opportunity at 1601 S Hayworth Ave, located in the highly sought-after Picfair Village neighborhood of Los Angeles. This five-unit multifamily property, situated on a 6,621 SF R2-1-O zoned lot, offers investors and owner-users alike a rare chance to acquire a centrally located asset with both immediate and long-term upside in one of the city's most stable rental corridors. The property consists of four one-bedroom units located in the front two-story building, and a detached rear structure featuring a large three-bedroom unit on the second floor situated above five one-car garages on the ground level. The three-bedroom unit will be delivered vacant at closing and represents a major fixer-upper, creating an ideal opportunity for an owner-occupant to renovate and occupy the space or for an investor to substantially increase rental income through repositioning. The garage configuration provides valuable on-site parking and additional ADU conversion potential, subject to city approval. Combined with below-market rents across the four existing one-bedroom units, this property offers multiple avenues for increasing income and value through renovation, rent adjustments, and ADU expansion. This is a strategic value-add play
Location
State CA
County Los Angeles
Zoning R2-1
Interior
Fireplace No
Building
Lot Description Other, Front Yard
New Construction No
Others
Tax ID 5068019017
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Listed by Oron Maher • Maher Commercial Realty