439 N Hayworth Ave, Los Angeles, CA 90048
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439 N Hayworth Ave Los Angeles, CA 90048

$1,881,000 Sold Price as of 01/26/2024
  • 8 Beds
  • 4 Baths
  • 4,709 Sq.Ft.
Sold
$1,881,000 Sold Price as of 01/26/2024 Refinance Your Mortgage

Map preview of 439 N Hayworth Ave, Los Angeles, CA 90048

Property Overview: 439 N Hayworth Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,709 living square feet and 6,613 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 439 N. Hayworth is a value-add fourplex in the heart of the Fairfax District, an "A+" rental market under constant demand by high-income young professionals. Located blocks from The Grove and several other thriving neighborhood hubs (Melrose Ave, Fairfax Ave, West 3rd St), this charming French-Normandy style fourplex is near various trendsetting retailers, heavily-visited restaurants, and lively nightlife options. 439 N. Hayworth features (4) spacious 2-bdrm units that average approx. 1,175 SF. Please note that one unit is currently VACANT, and a section-8 tenant rents another. This Fairfax District investment opportunity presents a substantial value add opportunity, as rents are approx. 42% below market compared to renovated units in the area. Additionally, the property is offered at $425 per foot and $499,750 per unit, and at the list price, 439 N. Hayworth stabilizes at a 5.26% CAP and 13.74 GRM. Property amenities include (2) 2-car garages that generate additional income and a community laundry room.

Listed by Max Berger | BRE #02054048 | Compass
Last checked: 14 minutes ago | Last updated: January 26th, 2024 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
6,613
HOA Dues
$0/mo
Year built
1949
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23310371
City
Los Angeles
County
Los Angeles
Time on Site
198 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,096
  • Total Rent: $8,384
  • Pro Forma/Market Rent: $11,980
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.54
  • Gross Scheduled Income: --
  • Net Operating Income: $63,300
  • Gross Operating Income: $99,219
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 439 N Hayworth Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Community, In Garage
Room Information
  • Flooring: Wood, Carpet
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage - Two Door
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5527032019
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located one block north of Beverly Blvd. and Fairfax Ave, the subject property is within walking distance of The Grove, Melrose Ave, Fairfax Ave, and West 3rd St.
View more facts & features

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Sale History for 439 N Hayworth Ave

Last sold for $1,881,000 on January 26th, 2024
  • January, 2024

  • Jan 26, 2024

    Date

    Sold

    CRMLS: 23310371

    $1,881,000

    Price

  • Sep 12, 2023

    Date

    Active

    CRMLS: 23310371

    $1,999,000

    Price

  • September, 2023

  • Sep 1, 2023

    Date

    Expired

    CRMLS: 23251679

    $2,075,000

    Price

  • Mar 16, 2023

    Date

    Active

    CRMLS: 23251679

    $2,349,000

    Price

  • Listing provided courtesy of CRMLS

    439 N. Hayworth is a value-add fourplex in the heart of the Fairfax District, an "A+" rental market under constant demand by high-income young professionals. Located blocks from The Grove and several other thriving neighborhood hubs, the property is near various popular retailers, trendy restaurants, and lively nightlife options. This charming fourplex features (4) 2-bdrm units that average approx. 1,175 SF. Please note, one unit is currently VACANT and a Section-8 tenant rents one unit. Please refer to the rent roll for more information. These units present a substantial value add opportunity, as rents are approx. 42% below market compared to renovated units in the area. Property amenities include (2) 2-car garages that generate additional income and a community laundry room.

  • March, 2004

  • Mar 2, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 1998

  • Feb 19, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 439 N Hayworth Ave

Assessed Value (2020): $430,028
Year Land Value Improved Value Assessed Value
2020 $258,019 $172,009 $430,028

Home Value Compared to the Market

This property vs the competition

439 N Hayworth Ave sold on January 26, 2024 for 94.27% higher than the current median sold price for the city of Los Angeles which is $1,029,000. The median sold price per/sqft for Los Angeles is $742 and this home is sold at $424.51 per/sqft which puts the price per square foot 42.79% lower than the current median sale per square foot for the city of Los Angeles.

About 439 N Hayworth Ave

Detailed summary of property

439 N Hayworth Ave is a multi family that recently sold in Los Angeles, CA 90048. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 4,709 living square feet, and sits on an approximately 6,613 square foot lot. 439 N Hayworth Ave was first listed on ArdentRealEstateGroup.com on September 12, 2023. The homeowner sold the property for $1,881,000. Home in Los Angeles are selling for a median price of $1,029,000 and a median price per square foot of $742. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 94.27% higher than the current median priced home. Local homes that are currently for sale include 1125 Hi Point St, 806 N Citrus Ave and 1132 S Crescent Heights Blvd. While the average home in Los Angeles, CA is selling in 100 days, 439 N Hayworth Ave has a days on market of 62 days. There are currently 3287 homes for sale in the Los Angeles real estate market and 2252 of them are single family homes while 954 of them are condos and 78 are townhomes. For more information on this home for sale at 439 N Hayworth Ave Los Angeles, CA 90048 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 439 N Hayworth Ave

Public county record property details
Beds
8
Baths
4
Year built
1949
Sq. Ft.
4,709
Lot Size
6,613
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
270
APN
5527-032-019

The source for these homes facts are from public records.

90048 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,350,000
Median List Price/Sq.Ft.
$1,014
Median Sold Price
$2,050,000
Median Sold Price/Sq.Ft.
$1,003
Total Inventory
110
Median Sale to List Price %
91.11%
Avg Days on Market
48
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (12.5%), Other (0%)

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Related Resources to 439 N Hayworth Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.