Just Sold Hayworth Ave Apartments for $600K per Unit
Investment Real Estate Associates (“IREA”) announced the sale of Hayworth Ave Apartments, a 17 unit, three story multifamily asset. At $10,188,889 the property sold at a 3.5% cap rate and sold at a strong $600,000 per unit.
Located just south of Pico Boulevard in the heart of Mid-City, Hayworth Ave Apartments is a newly renovated multifamily building with a modern exterior and upgraded units. At approximately 21,750 square feet, the apartments are a three-story building located at 1520 S Hayworth Ave in Los Angeles. The land area is .31 acres.
Jonathan Krikorian, Clark Everitt and William Everitt represented both the seller and the buyer. Established in 1999, IREA provides client-focused brokerage and advisory services.