Property Detail

Description

1275 N Hayworth Avenue presents a rare opportunity to acquire a 14-unit multifamily property in a highly desirable, low-density pocket of West Hollywood. Offered for sale for the first time in 37 years, this generational asset consists of eight 1-bedroom/1-bathroom units and six 2-bedroom/1-bathroom units, totaling approximately 12,528 square feet on a 14,872-square-foot lot. The property offers significant value-add potential, with approximately 36% remaining rental upside that can be captured through interior renovations and repositioning units toward market rental rates. New ownership may also have the opportunity to convert existing carports into attached Accessory Dwelling Units (ADUs), providing additional potential for rental income and long-term appreciation. Buyer to verify. Ideally situated in a sought-after West Hollywood neighborhood, the property provides residents with convenient access to restaurants, retail, entertainment, and major employment centers throughout West Hollywood, Hollywood, Beverly Hills, and surrounding markets. Offered at $4,430,000 with a 5.46% current CAP rate and an 8.26% pro forma CAP rate, the property combines strong in-place income, substantial rental upside, and long-term investment potential in one of Los Angeles' most desirable rental markets.