1601 S. Hayworth Avenue, Los Angeles, CA 90035
Description
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.
Property Features:
- List Price: $1,550,000
- Total Building Size: +/-5,634 Sq.Ft.
- Total Land Area: +/-6,621 Sq.Ft.
- Price Per Sq.Ft. (Building): $275.12
- Cap Rate: 6.89%
- GRM: 12.21
- Zoning:R2-1-O
Address
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Address 1601 S. Hayworth Avenue, Los Angeles, CA
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Country United States
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Postal code/ZIP 90035
Overview
- Property ID 1601 S. Hayworth Ave, Los Angeles
- Price $1,550,000.00
- Property Type Multi Family, Residential
- Property status For Sale
- Year Built 1928
- Size 5,634 SqFt
- Land area 6,621 SqFt
- Zoning R2-1-O
- Units 5
- Parking Spaces 5
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Contact
Oron Maher
Property Agent
Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093