
Los Angeles, California 90046
1275 N Hayworth Avenue presents a rare opportunity to acquire a 14-unit multifamily property in a highly desirable, low-density pocket of West Hollywood. Offered for sale for the first time in 37 years, this generational asset consists of eight 1-bedroom/1-bathroom units and six 2-bedroom/1-bathroom units, totaling approximately 12,528 square feet on a 14,872-square-foot lot. The property offers significant value-add potential, with approximately 36% remaining rental upside that can be captured through interior renovations and repositioning units toward market rental rates. New ownership may also have the opportunity to convert existing carports into attached Accessory Dwelling Units (ADUs), providing additional potential for rental income and long-term appreciation. Buyer to verify. Ideally situated in a sought-after West Hollywood neighborhood, the property provides residents with convenient access to restaurants, retail, entertainment, and major employment centers throughout West Hollywood, Hollywood, Beverly Hills, and surrounding markets. Offered at $4,430,000 with a 5.46% current CAP rate and an 8.26% pro forma CAP rate, the property combines strong in-place income, substantial rental upside, and long-term investment potential in one of Los Angeles' most desirable rental markets.
Property is extensive renovation needed.
Built in 1927 and held by the same owner for 37 years, the property is explicitly marketed as a 'value-add' opportunity requiring interior renovations to capture rental upside. The age of the structure and the long-term ownership suggest that kitchens, bathrooms, and core systems are likely over 30 years old and in need of a full rehab to meet modern market standards.
The property offers a substantial 36% rental upside through interior renovations and the potential to convert existing carports into Accessory Dwelling Units (ADUs), providing a clear path to increased net operating income.
Situated in a highly desirable, low-density pocket, this asset provides residents with exceptional walkability and access to premier dining, retail, and major employment centers in West Hollywood and Beverly Hills.
With a 5.46% current CAP rate and an 8.26% pro forma CAP rate, the property combines robust in-place cash flow with high yield potential, a rare find for a generational asset in this submarket.
Built in 1927, the property likely requires significant capital expenditures for system upgrades, modernizing interiors, and potential seismic retrofitting typical of vintage Los Angeles multifamily buildings.
As a pre-1978 multifamily asset in West Hollywood, the property is subject to strict rent stabilization ordinances, which may limit the speed and flexibility of capturing the projected rental upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 12,528 | 4,165.789 |
| Lot Size | 14,872 | 6,696 |
| Price | $4.43M | $956.9K |
| Price per sq ft | $354 | $273 |
| Built year | 1927 | 1937 |
| HOA | $0 | $907 |
| Days on market | 14 | 134 |
Oct 26, 2026
$4,430,000
Initial Listing