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1601-16031/2 S Hayworth Ave
Los Angeles, CA 90035 Mid-City

$1,885,000 USD

Apartments For Sale  •  5,634 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,634 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1928
  • Zoning R2-1-O
57 Transit Score
79 Walk Score

Highlights

Four one-bedroom units in the front building plus one three-bedroom unit above garages in the rear building.
Cap Rate: 5.66% – Attractive in-place return with strong upside through renovation and rent adjustments.
GRM: 14.85 – Competitive gross rent multiplier for the Westside/Mid-City corridor.
Vacant Three-Bedroom Unit (Major Fixer) – A large, top-floor unit requiring full renovation.
Five One-Car Garages – Provide on-site parking and future ADU conversion potential, subject to city approval.
Prime Picfair Village Location – Situated just south of Pico Boulevard and east of La Cienega Boulevard

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 15 min - 9.8 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 17 min - 9.9 mi
AirportDriveWalkDistance
Los Angeles International 17 min - 8.7 mi
Bob Hope 26 min - 13.7 mi
Long Beach (Daugherty Field) 35 min - 25.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Oron Maher 415-378-5464 Maher Commercial Realty
Oron Maher 415-378-5464 Maher Commercial Realty