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1028 N Hayworth Ave
West Hollywood, CA 90046
Multifamily Property For Sale
·
4 Units
Executive Summary
Located in prime West Hollywood just south of Santa Monica Boulevard, 1028 N Hayworth
Avenue is a charming 1922 Spanish-style fourplex situated on a 7,102 sq ft lot (WDR3C
zoning). This income-producing property features a desirable mix of two 1-bedroom/1-bath
units and two spacious 3-bedroom/2-bath units. Each unit is separately metered, with tenants
responsible for gas, water, and electricity—helping maintain low operating expenses. Recent
upgrades include Liquid Rubber Roof Treatments in 2024 across all units, multiple new water
heaters, interior renovations, and appliance replacements. All units can be delivered vacant at close of escrow. The property offers strong upside potential through rental repositioning or
possible redevelopment. One 3/2 and one 1/1 will be delivered vacant at COE. Financials are scheduled, based on market rent for vacant units.
Avenue is a charming 1922 Spanish-style fourplex situated on a 7,102 sq ft lot (WDR3C
zoning). This income-producing property features a desirable mix of two 1-bedroom/1-bath
units and two spacious 3-bedroom/2-bath units. Each unit is separately metered, with tenants
responsible for gas, water, and electricity—helping maintain low operating expenses. Recent
upgrades include Liquid Rubber Roof Treatments in 2024 across all units, multiple new water
heaters, interior renovations, and appliance replacements. All units can be delivered vacant at close of escrow. The property offers strong upside potential through rental repositioning or
possible redevelopment. One 3/2 and one 1/1 will be delivered vacant at COE. Financials are scheduled, based on market rent for vacant units.
Property Facts
| Price Per Unit | $698,958 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.76% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 16 | Building Size | 3,950 SF |
| No. Units | 4 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1922 |
| Zoning | R3C, West Hollywood - In West Hollywood, the WDR3C zoning signifies a residential zone permitting medium-density multi-family housing, including apartments and condominiums | ||
| Price Per Unit | $698,958 CAD |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| Gross Rent Multiplier | 16 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,950 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1922 |
| Zoning | R3C, West Hollywood - In West Hollywood, the WDR3C zoning signifies a residential zone permitting medium-density multi-family housing, including apartments and condominiums |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 3+2 | 2 | - | - |
Property Taxes
| Parcel Number | 5529-009-036 | Improvements Assessment | $662,550 CAD |
| Land Assessment | $1,632,382 CAD | Total Assessment | $2,294,932 CAD |
Property Taxes
Parcel Number
5529-009-036
Land Assessment
$1,632,382 CAD
Improvements Assessment
$662,550 CAD
Total Assessment
$2,294,932 CAD
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