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

$2,850,000
  • 12 Beds
  • 13 Baths
  • 7,392 Sq.Ft.
For Sale
$2,850,000 Get Pre-Qualified
Map preview of 648 N Hayworth Ave, Los Angeles, CA 90048

Property Overview: 648 N Hayworth Ave Los Angeles, CA has 12 bedrooms, 13 bathrooms, 7,392 living square feet and 7,502 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are proud to exclusively present for sale a 10 unit residential income property just outside of West Hollywood. The adjacent 9 unit building is also available for sale. Central, central, central! Just off Melrose Ave., and around the corner from the Central Fairfax District and Fairfax High School (with it's weekend Melrose Trading Post), this property is right dab in the middle of a Walker's Paradise, surrounded by shops, fine and casual dining, sought-after nightlife, and pretty much anything trendy one can think of! Long-term owners have lovingly cared for the building over the years, and with new and longer-term tenants, rents are still averaging around 35% below market. The building's tuck-under parking has been mitigated, with the already-completed Soft Story Seismic Retrofit work. And there's always potential for ADUs! The offering features bright units that each cover the whole width of the building, and spacious layouts ranging from 652 square feet to 936 square feet eachwith a Single at 295 square feet! There are three sets of tandem parking spaces in the front and five gated parking spaces in the back, accessible from the alley. Lots of jobs in the area, but situated on a calm residential street with permit parking! Walking distance to The Grove, the 3rd Street Shopping District, the Beverly Center and more! The property currently shares some services with the neighboring building, such as garbage, garage gates and laundry room.

Listed by Dario Svidler | BRE #01884474 | Keller Williams Beverly Hills
Last checked: 11 minutes ago | Last updated: May 9th, 2024 | Source CRMLS | DOM: 14
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Home details

Lot Sq. Ft
7,502
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24386835
City
Los Angeles
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $469
  • Total Rent: $469
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,637
  • Total Rent: $9,823
  • Pro Forma/Market Rent: $14,400
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,690
  • Total Rent: $8,070
  • Pro Forma/Market Rent: $10,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.58%
  • Gross Rent Multiplier: 12.86
  • Gross Scheduled Income: --
  • Net Operating Income: $130,607
  • Gross Operating Income: $214,892
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 648 N Hayworth Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Assigned, Gated, Side by Side, Tandem Garage, Uncovered, Covered
Property Information
  • Total # of Units: 10
  • Parcel Number: 5527017019
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: By Fairfax and Melrose. Just south of WeHo.
View more facts & features

Local Los Angeles Agent

Sale History for 648 N Hayworth Ave

Last sold on September 14th, 2011

  • May, 2024

  • May 1, 2024

    Date

    Active

    CRMLS: 24386835

    $2,850,000

    Price

  • September, 2011

  • Sep 14, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2011

  • Sep 1, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 648 N Hayworth Ave

Assessed Value (2020): $1,884,220
Year Land Value Improved Value Assessed Value
2020 $941,995 $942,225 $1,884,220

Home Value Compared to the Market

This property vs the competition

648 N Hayworth Ave is listed 128.18% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $385.55 per/sqft which puts the price per square foot 50.19% lower than the median price per square foot for the city of Los Angeles.

About 648 N Hayworth Ave

Detailed summary of property

648 N Hayworth Ave is a multi family located in Los Angeles, CA 90048 and is currently for sale. This multi family property offers 12 bedrooms, 13 bathrooms, roughly 7,392 living square feet, and sits on an approximately 7,502 square foot lot. 648 N Hayworth Ave was first listed on ArdentRealEstateGroup.com on May 1, 2024. The homeowner is currently asking $2,850,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 128.18% higher than the median priced home. Local competing homes currently for sale include 8611 Rosewood Ave, 606 N Sycamore Ave and 183 S Detroit St. While the average home in Los Angeles, CA is selling in 94 days, 648 N Hayworth Ave has a days on market of 14 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 648 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 648 N Hayworth Ave

Public county record property details
Beds
12
Baths
13
Year built
1965
Sq. Ft.
7,392
Lot Size
7,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
35
APN
5527-017-019

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
$2,495,000
Median List Price/Sq.Ft.
$1,041
Median Sold Price
$2,275,000
Median Sold Price/Sq.Ft.
$989
Total Inventory
133
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%)

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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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