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$ 1,885,000
Est. payment /mo
New
1601 S Hayworth AVE Los Angeles, CA 90035
7 Beds
5 Baths
5,634 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,634 sqft
Price per Sqft $334
MLS Listing ID 25619257
Bedrooms 7
HOA Y/N No
Year Built 1928
Lot Size 6,621 Sqft
Property Description
We are pleased to present a compelling value-add and owner-user opportunity at 1601 S Hayworth Ave, located in the highly sought-after Picfair Village neighborhood of Los Angeles. This five-unit multifamily property, situated on a 6,621 SF R2-1-O zoned lot, offers investors and owner-users alike a rare chance to acquire a centrally located asset with both immediate and long-term upside in one of the city's most stable rental corridors. The property consists of four one-bedroom units located in the front two-story building, and a detached rear structure featuring a large three-bedroom unit on the second floor situated above five one-car garages on the ground level. The three-bedroom unit will be delivered vacant at closing and represents a major fixer-upper, creating an ideal opportunity for an owner-occupant to renovate and occupy the space or for an investor to substantially increase rental income through repositioning. The garage configuration provides valuable on-site parking and additional ADU conversion potential, subject to city approval. Combined with below-market rents across the four existing one-bedroom units, this property offers multiple avenues for increasing income and value through renovation, rent adjustments, and ADU expansion. This is a strategic value-add play and a rare hybrid opportunity perfect for an owner-user seeking to live on-site while benefiting from steady income, or for an investor aiming to unlock significant upside in a high-demand Los Angeles neighborhood. The property offers the ideal combination of cash flow, appreciation potential, and prime location within a quiet, walkable community surrounded by beautifully maintained single-family homes and boutique multifamily buildings. Located just south of Pico Boulevard and east of La Cienega Boulevard, 1601 S Hayworth Ave offers quick access to major employment hubs such as Beverly Hills, Century City, Culver City, and Mid-Wilshire, and is minutes from The Grove, Beverly Center, and Cedars-Sinai Medical Center. The balance of neighborhood charm, investment stability, and proximity to Westside amenities makes this property a standout opportunity for both private investors and owner-users looking to establish roots in one of Los Angeles's most desirable central locations.
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Zoning R2-1-O
Interior
Fireplace No
Exterior
Parking Features Driveway
Garage Spaces 5.0
Garage Description 5.0
Pool None
Total Parking Spaces 5
Private Pool No
Building
Lot Description Front Yard, Lawn, Yard
Story 2
Entry Level Two
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5068019017
Special Listing Condition Standard
Listed by Oron Maher Maher Commercial Realty