West Hollywood Fourplex with
For Sale
$1,985,000
1028 N Hayworth Ave, West Hollywood, CA 90046
MULTI_FAMILY - West Hollywood, CA
Property Size3,950 SF
Lot Size0.16 Acres
Price / SF$502.53
Days on Market173
Property Features for 1028 N Hayworth Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
WDR3C*
Bedrooms
8
Bathrooms
6
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 5, Bathroom 5, Bedroom 1, Bedroom 8, Bathroom 1, Bedroom 2, Bathroom 6, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 2
Directions
405 N to Santa Monica Blvd. exit East to Hayworth Ave. make Right, property is on the left.
Subdivision
West Hollywood Vicinity
Standard status
Active
APN
5529-009-036
Size
3,950 SF
Lot size
0.16 Acres
Utilities
Cooling system
Wall/Window Unit(s)
Building Details
Year built
1922
Floors in Building
2
Number of units
4
Roof type
Rolled Hot Mop, Flat
Architectural style
Colonial
Listing Agency:
Estate Properties
(310) 577-5300
Listed By:
Shamim Khorsand Mashhadi · License #02042990
(310) 658-6426
Added: Feb 23
Changed: May 13
Last Checked: Aug 15 at 6:06AM
MLS# 26648861
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in West Hollywood, this charming 1922 Spanish-style fourplex at 1028 N Hayworth Avenue sits on a 7,102 sq ft lot. The property features a mix of two 1-bedroom/1-bath units and two 3-bedroom/2-bath units. Constructed in the 1980s, the 3-bedroom units offer spacious layouts. Each unit is separately metered, with tenants responsible for gas, water, and electricity. Recent upgrades include Liquid Rubber Roof Treatments in 2024 across all units, multiple new water heaters, interior renovations, and appliance replacements. One unit is currently vacant, and another will be delivered vacant, offering potential for rental repositioning or possible redevelopment. Unit 1028 N Hayworth Ave (1 bed/1 bath) features a newer hot water heater (approximately 3 years old) and received a Liquid Rubber Roof Treatment in 2024; this unit requires full renovation and is currently under a month-to-month lease at $1,248/month. Unit 1028 1/2 N Hayworth Ave (1 bed/1 bath + walk-in closet or small office) was renovated in 2024 with new kitchen countertops, sink, fixtures, refrigerator, stove, dishwasher, and flooring, new copper repipe throughout and mini-split HVAC; it includes in-unit laundry and a newer water heater (2021), as well as Liquid Rubber Roof Treatment (2024) and is currently vacant. Unit 1030 1/2 N Hayworth Ave (3 bed/2 bath) features a gas fireplace, exterior laundry, new flooring (2020), appliances replaced in 2021 (refrigerator and stove), and Liquid Rubber Roof Treatment in 2024; tenants moved in June 2022 and are currently under a month-to-month lease at $3,565/month. Unit 1030 N Hayworth Ave (3 bed/2 bath) will be delivered vacant and was renovated in 2025 with new flooring throughout, a full downstairs bathroom renovation, and a kitchen remodel including new cabinets, countertops, sink, fixtures, and appliances; it includes exterior laundry with new washer and dryer, a hot water heater replaced in 2023, and wall-unit heating and AC on both floors, as well as a Liquid Rubber Roof Treatment in 2024. The property has no off-street parking.
Key Highlights
- Two units delivered vacant offering immediate rental income or redevelopment opportunities.
- Desirable mix of unit types: two spacious 3‑bedroom/2‑bath units and two 1‑bedroom/1‑bath units.
- Recent upgrades, including Liquid Rubber Roof Treatments (2024) across all units, multiple new water heaters, and interior renovations.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,981
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,762
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Charming 1922 Spanish-style fourplex in prime West Hollywood location.
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: Two units delivered vacant offering immediate rental income or redevelopment opportunities.; Desirable mix of unit types: two spacious 3‑bedroom/2‑bath units and two 1‑bedroom/1‑bath units.; Recent upgrades, including Liquid Rubber Roof Treatments (2024) across all units, multiple new water heaters, and interior renovations.
