A meticulously renovated 8-unit Art Deco apartment building, 822 Hayworth Avenue seamlessly blends historic charm with modern comfort. Interiors include stainless steel appliances, new hardwood flooring, and abundant natural light. Residents enjoy a tranquil front courtyard with water fountain and alley-accessed parking. Highly desirable neighborhood offering nearby shops, dining, and entertainment. Potential ADU development opportunity further complements this rare investment opportunity with strong upside in one of Los Angeles' most desirable locals. 8 one bed / one bath units with upgraded unit interiors with stainless steel appliances + hardwood floors. Rare opportunity in a high-demand area with ample space for multi-unit development Potential to develop 5 ADUs. Maximize investment returns with accessory dwelling units ideal for rental income or multigenerational living. Architectural plans available (to build 4 units + parking). Shovel-ready development with professionally designed plans included, saving time and costs on entitlements and design work. Highlights: *Remodeled Art Deco apartment building with zen garden + courtyard fountain, and additional land for up to 5 ADUs. *2,100 SF of buildable land to potentially develop 5 ADUs and increase gross income. *Exceptional location, one block west of Fairfax, one block north of Melrose, adjacent to major bus line and proposed Metro Station. *Onsite parking: 5 gated spaces, 2 accessible through the rear alley, 7 in total. *Close to the Original Farmers Market, the Grove, Erewhon Market, Whole Foods + Fairfax High School. *Cap Rate: 5.41% / NOI: $150,096 / Please request Financials for further Information*
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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