439 N Hayworth Ave, Los Angeles, CA 90048
About the Property
439 N Hayworth Ave is a four-unit French-Normandy style apartment property located in the heart of the Fairfax District, just blocks from The Grove and immediately surrounded by some of Los Angeles’ most active residential and retail corridors. The property sits within walking distance of Melrose Ave, Fairfax Ave, and West 3rd Street, placing it at the center of a neighborhood that continues to attract long-term renters seeking proximity to daily amenities, dining, and employment centers.
This portion of Fairfax remains defined by consistent tenant demand driven by walkability, centrality, and access to Beverly Hills, Hollywood, and Mid-City. Small multifamily assets in this pocket are typically tightly held, particularly those offering larger unit sizes and architectural character.
French-Normandy Architecture With Large Two-Bedroom Units
439 N Hayworth Ave consists of four spacious two-bedroom units averaging 1,175 SF. The unit layouts are notably larger than typical fourplex inventory in the area, supporting long-term tenancy and strong rent positioning once renovated. The French-Normandy façade and original architectural details contribute to a residential presence that aligns with the surrounding streetscape rather than reading as a conventional apartment building.
Interior layouts provide a functional foundation for future upgrades, allowing ownership to modernize units over time while preserving scale and character that remains appealing to renters in this submarket.
Clear Renovation Path With 42% Rental Upside
Current rents at 439 N Hayworth Ave are positioned roughly 42% below renovated market comparables in the immediate Fairfax District. This creates a clearly defined value-add runway through interior improvements rather than reliance on speculative assumptions.
At stabilized rents, the property underwrites to a 5.26% CAP and a 13.74 GRM, supporting the long-term repositioning strategy for buyers focused on improving cash flow through renovation rather than expansion or redevelopment.
Parking Income and Functional On-Site Amenities
The property includes two two-car garages that generate additional income, a meaningful feature in a neighborhood where parking remains a consistent renter consideration. A community laundry room provides an additional income stream while maintaining operational simplicity.
The site layout and amenity package are consistent with similar vintage assets in Fairfax, allowing for predictable management without unnecessary complexity.
Fairfax District Location Anchored by Daily Amenities
439 N Hayworth Ave benefits from immediate proximity to The Grove, one of Los Angeles’ most established retail destinations, along with neighborhood-serving cafés, restaurants, and shops along Melrose, Fairfax, and West 3rd Street. This location continues to attract high-income renters working across entertainment, professional services, and creative industries who prioritize walkability and central access.
Conclusion: Value-Add Fourplex in One of LA’s Most Consistent Rental Pockets
439 N Hayworth Ave offers a four-unit Fairfax District multifamily opportunity defined by large unit sizes, architectural character, and a measurable renovation-driven rent gap. With 42% rental upside, supplemental parking income, and a location steps from The Grove and multiple retail corridors, the property presents a clear repositioning opportunity for investors seeking long-term exposure to one of Los Angeles’ most durable rental neighborhoods.
Marketing Package:
Property Location
Sold Price
$2,349,000
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