A meticulously renovated 8-unit Art Deco apartment building, 822 Hayworth Avenue seamlessly blends historic charm with modern comfort. Interiors include stainless steel appliances, new hardwood flooring, and abundant natural light. Residents enjoy a tranquil front courtyard with water fountain and alley-accessed parking. Highly desirable neighborhood offering nearby shops, dining, and… Read More entertainment. Potential ADU development opportunity further complements this rare investment opportunity with strong upside in one of Los Angeles' most desirable locals. 8 one bed / one bath units with upgraded unit interiors with stainless steel appliances + hardwood floors. Rare opportunity in a high-demand area with ample space for multi-unit development Potential to develop 5 ADUs. Maximize investment returns with accessory dwelling units ideal for rental income or multigenerational living. Architectural plans available (to build 4 units + parking). Shovel-ready development with professionally designed plans included, saving time and costs on entitlements and design work. Highlights: *Remodeled Art Deco apartment building with zen garden + courtyard fountain, and additional land for up to 5 ADUs. *2,100 SF of buildable land to potentially develop 5 ADUs and increase gross income. *Exceptional location, one block west of Fairfax, one block north of Melrose, adjacent to major bus line and proposed Metro Station. *Onsite parking: 5 gated spaces, 2 accessible through the rear alley, 7 in total. *Close to the Original Farmers Market, the Grove, Erewhon Market, Whole Foods + Fairfax High School. *Cap Rate: 5.41% / NOI: $150,096 / Please request Financials for further Information* Read Less
Courtesy of The Passman Group, Inc. 310-859-8100
Listing Snapshot
Days Online
18
Last Updated
Property Type
Other
Beds
8
Square Ft.
4,840
Lot Size
0.17 Acres
Year Built
1924
MLS Number
26653177
30 Days Snapshot Of 90046
$2.39M
+10%
(avg) sold price
31
+106%
homes sold
73
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Range/Oven
Building
4,840 sq ft, Built in 1924, Levels: Two, Art Deco
Cooling
Wall/Window
Disclosures
As Is
Exterior Features
Stucco
Garage
Assigned
Heating
Wall
Laundry
Community
Lot
LotAcreage: 0.1722, LotSizeArea: 7,501, LotSizeDimensions: 50x150, Front Yard
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