1601-16031/2 S Hayworth Ave - Apartments FOR SALE


Los Angeles, CA 90035- Mid-City
$1,885,000 USD
415-378-5464
1601-16031/2 S Hayworth Ave, Los Angeles, CA for Sale
$1,885,000 USD
Apartments - FOR SALE
1/16
null | 5.66% Cap Rate

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


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

OVERVIEW

Maher Commercial Realty presents 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.

FOR SALE DETAILS

PRICE

$1,885,000 USD

PRICE/SF

$335 USD /SF

# OF UNITS

5

PRICE/UNIT

$377,000

CAP RATE

5.66%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,621 SF

ZONING

R2-1-O

APN/PARCEL ID

5068-019-017

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.