642 N Hayworth Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90048
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,374 sqft
Price per Sqft $366
MLS Listing ID CL25501119
HOA Y/N No
Year Built 1959
Lot Size 7,501 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
We are proud to exclusively present for sale a 9 unit residential income property just outside of West Hollywood. The adjacent 10 unit building is also available for sale. Central, central, central! Just off Melrose Ave., and around the corner from the Central Fairfax District and Fairfax High School (with it's weekend Melrose Trading Post), this property is right dab in the middle of a Walker's Paradise, surrounded by shops, fine and casual dining, sought-after nightlife, and pretty much anything trendy one can think of! Long-term owners have lovingly cared for the building over the years, and with new and longer-term tenants, rents are still averaging around 35% below market. The building's tuck-under parking has been mitigated, with the already-completed Soft Story Seismic Retrofit work. And there's always potential for ADUs! The offering features bright units that each cover the whole width of the building, and spacious layouts ranging from just over 700 square feet to just under 1,000 square feet each! There are three sets of tandem parking spaces in the front and five gated parking spaces in the back, accessible from the alley. Lots of jobs in the area, but situated on a calm residential street with permit parking! Walking distance to The Grove, the 3rd Street Shopping Dist
Location
State CA
County Los Angeles
Zoning R3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5527017020