Description

We are pleased to present 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.