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

$3,040,000 Sold Price as of 07/21/2022
  • 10 Beds
  • 9 Baths
  • 6,166 Sq.Ft.
Sold
$3,040,000 Sold Price as of 07/21/2022 Refinance Your Mortgage
Map preview of 525 N Hayworth Ave, Los Angeles, CA 90048

Property Overview: 525 N Hayworth Ave Los Angeles, CA has 10 bedrooms, 9 bathrooms, 6,166 living square feet and 6,611 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fabulous well-maintained 60s contemporary building in an excellent, very desirable location, close to the Beverly Center / Grove area and located within the City of Los Angeles. Walking distance to Melrose shopping and the Grove restaurants and shopping. Five one-bedroom / one bath units, one two-bedroom / 2 bath unit and one three-bedroom / 2 bath unit. Secure gated subterranean parking for 10 cars with front and rear access. Communal laundry room, new 100% copper plumbing throughout, recently installed roof within the last 2 years, large rear open patio for the 3 - bedroom unit, 4 units are recently upgraded. Apartment building has huge upside potential on the rents for this very desirable location.

Listed by John Kerrigan | BRE #00919430 | John Kerrigan
Last checked: 9 minutes ago | Last updated: March 18th, 2023 | Source CRMLS | DOM: 148

Home details

Lot Sq. Ft
6,611
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22129531
City
Los Angeles
County
Los Angeles
Time on Site
804 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $8,435
  • Pro Forma/Market Rent: $11,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.95%
  • Gross Rent Multiplier: 18.05
  • Gross Scheduled Income: --
  • Net Operating Income: $124,539
  • Gross Operating Income: $174,962
  • Laundry Income: $540
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 525 N Hayworth Ave

Interior Features
Heating Information
  • Has Heating
  • Electric
Laundry Information
  • Has Laundry
  • Individual Room
Room Information
  • Flooring: Laminate, Carpet, Tile
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Double Oven, Electric Cooktop, Electric Oven
Interior Features
  • Security Features: Gated Community, Automatic Gate
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Subterranean
Property Information
  • Total # of Units: 7
  • Parcel Number: 5527019024
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: 1 block west of Fairfax Avenue and 1.5 blocks south of Melrose Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 525 N Hayworth Ave

Last sold for $3,040,000 on July 21st, 2022

  • July, 2022

  • Jul 21, 2022

    Date

    Sold

    CRMLS: 22129531

    $3,040,000

    Price

  • Feb 19, 2022

    Date

    Active

    CRMLS: 22129531

    $3,150,000

    Price

  • June, 2021

  • Jun 3, 2021

    Date

    Withdrawn

    CRMLS: 21732432

    $2,600

    Price

  • May 15, 2021

    Date

    Active

    CRMLS: 21732432

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    Great location. Two bedroom two baths, remodeled, bright, large front unit on the first floor with a balcony facing front private yard. Nice kitchen with new counter top, new dishwasher, new refrigerator, cooktop and double oven. Large bedrooms with two bathrooms, walking closet and a lot of storage spaces, on site laundry room with washer and dryer. Two gated garage parking's included. Small quiet two story building in the Grove area, walking distance to the restaurants and shopping. Cats and small dogs welcome. Available June 1, 2021. $2600. / month.

  • December, 2020

  • Dec 31, 2020

    Date

    Expired

    CRMLS: 20576134

    $1,850

    Price

  • Sep 18, 2020

    Date

    Withdrawn

    CRMLS: 20576134

    $1,850

    Price

  • Sep 16, 2020

    Date

    Price Change

    CRMLS: 20576134

    $1,850

    Price

  • Sep 5, 2020

    Date

    Price Change

    CRMLS: 20576134

    $1,875

    Price

  • Aug 6, 2020

    Date

    Price Change

    CRMLS: 20576134

    $1,900

    Price

  • Jul 30, 2020

    Date

    Price Change

    CRMLS: 20576134

    $1,950

    Price

  • Jul 13, 2020

    Date

    Price Change

    CRMLS: 20576134

    $2,000

    Price

  • May 17, 2020

    Date

    Withdrawn

    CRMLS: 20576134

    $2,600

    Price

  • May 5, 2020

    Date

    Active

    CRMLS: 20576134

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    For rent: One bedroom one bath unit in a great location near Melrose and Fairfax. Small quiet building in the Grove area, walk to the restaurants and shopping. Remodeled, bright, large unit with a balcony, located in the middle of the building on the first floor. Wall AC, nice kitchen includes refrigerator, dishwasher and double oven. Large bedroom with walking closet and a lot of storage spaces. One gated garage parking's included. Available August 1, 2020. Price: $1900.00 / month.

  • October, 2016

  • Oct 20, 2016

    Date

    Sold (Public Records)

    Public Records

    $2,527,500

    Price

  • July, 2000

  • Jul 5, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 525 N Hayworth Ave

Assessed Value (2020): $2,682,203
Year Land Value Improved Value Assessed Value
2020 $803,865 $1,878,338 $2,682,203

Home Value Compared to the Market

This property vs the competition

525 N Hayworth Ave sold on July 21, 2022 for 164.71% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $510.87 per/sqft which puts the price per square foot 32.34% lower than the current median sale per square foot for the city of Los Angeles.

About 525 N Hayworth Ave

Detailed summary of property

525 N Hayworth Ave is a multi family that recently sold in Los Angeles, CA 90048. This multi family property offered 10 bedrooms, 9 bathrooms, roughly 6,166 living square feet, and sits on an approximately 6,611 square foot lot. 525 N Hayworth Ave was first listed on ArdentRealEstateGroup.com on February 20, 2022. The homeowner sold the property for $3,040,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 164.71% higher than the current median priced home. Local homes that are currently for sale include 1252 N Mansfield Ave, 1303 N Citrus Ave and 930 S Mansfield Ave. While the average home in Los Angeles, CA is selling in 96 days, 525 N Hayworth Ave has a days on market of 148 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 525 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 525 N Hayworth Ave

Public county record property details
Beds
9
Baths
8
Year built
1966
Sq. Ft.
6,166
Lot Size
6,611
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
78
APN
5527-019-024

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
$2,695,000
Median List Price/Sq.Ft.
$1,041
Median Sold Price
$2,275,000
Median Sold Price/Sq.Ft.
$989
Total Inventory
125
Median Sale to List Price %
91.18%
Avg Days on Market
72
Loan Type
Conventional (9.52%), FHA (0%), VA (0%), Cash (9.52%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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.

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