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.