Spanish-Style 4-Unit
For Sale
$1,985,000
1028 N Hayworth Ave, West Hollywood, CA 90046
The four-unit property combines two one-bedroom apartments with two three-bedroom units, with two units scheduled for vacancy at closing.
Property Size3,950 SF
Lot Size0.16 Acres
Price / SF$502.53
Days on Market246
Property Features for 1028 N Hayworth Ave
General Information
Standard status
Active
Size
3,950 SF
Lot size
0.16 Acres
Property subtype
MULTI_FAMILY
Zoning
WDR3
Units
Unit Mix
2 x 1BR/1BA, 2 x 3BR/2BA
Multifamily Units
4
Individually Metered Utilities
gas, water, electricity
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Building Details
Building Size
3,950 SF
Year Built
1922
Buildings
1
Construction
Spanish-style
Tenancy
Multi
Listing Agency:
Estate Properties
Listed By:
Shamim Khorsand Mashhadi · License #02042990
(310) 658-6426
Source:
Coastline840
Added: Feb 23
Changed: Oct 26
Last Checked: Oct 26 at 1:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Estate Properties
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Investment Insights
Based on property information with market context.
Built in 1922, this Spanish-style quadplex contains 3,950 square feet on a 7,102-square-foot lot. Its unit mix includes two one-bedroom, one-bath apartments and two three-bedroom, two-bath units. Two units are to be delivered vacant at closing. The property has separate utility meters, and tenants are responsible for gas, water, and electricity. There is no off-street parking; a long-standing, month-to-month arrangement for two tandem spaces across the street may be terminated with 30 days’ notice and is not guaranteed to continue after the sale.
Updates include Liquid Rubber roof treatments across all units in 2024, along with renovations and appliance replacements in individual apartments. One one-bedroom unit was renovated in 2024 with a copper repipe, mini-split HVAC, in-unit laundry, and kitchen and flooring updates. The three-bedroom unit scheduled for vacancy was renovated in 2025, including a kitchen remodel, downstairs bathroom renovation, new flooring, exterior laundry equipment, and wall-unit heating and air conditioning on both floors. The property is zoned WDR3C.
Updates include Liquid Rubber roof treatments across all units in 2024, along with renovations and appliance replacements in individual apartments. One one-bedroom unit was renovated in 2024 with a copper repipe, mini-split HVAC, in-unit laundry, and kitchen and flooring updates. The three-bedroom unit scheduled for vacancy was renovated in 2025, including a kitchen remodel, downstairs bathroom renovation, new flooring, exterior laundry equipment, and wall-unit heating and air conditioning on both floors. The property is zoned WDR3C.
Key Highlights
- Four units: two 1‑bedroom/1‑bath apartments and two 3‑bedroom/2‑bath units
- 3,950 square feet on a 7,102‑square‑foot lot
- Two units scheduled for delivery vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,981
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,620
$1.4M
Cap Rate 7%
$985,443
$985.4K
Cap Rate 9%
$766,456
$766.5K
Market Conditions
NOI Build-Up for 3,950 SF
Gross rent
$106.7K $27.00/SF
− Vacancy
−$8.1K −$2.05/SF
EGI
$98.5K $24.95/SF
− OpEx
−$29.6K −$7.48/SF
NOI
$69.0K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,620
Cap Rate 7%
$985,443
Cap Rate 9%
$766,456
Alternative Uses
Best Use
Multifamily LT 5
$985.4K
$862.3K – $1.15M
NOI $68,981 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$908.0K
$794.5K – $1.06M
NOI $63,559 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $148,037 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The four-unit property combines two one-bedroom apartments with two three-bedroom units, with two units scheduled for vacancy at closing.
Where is this quadplex located?
The property is located at 1028 N Hayworth Ave West Hollywood, CA.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: Four units: two 1‑bedroom/1‑bath apartments and two 3‑bedroom/2‑bath units; 3,950 square feet on a 7,102‑square‑foot lot; Two units scheduled for delivery vacant at closing
