Marcus & Millichap is proud to present this huge Spanish Deco-Era Duplex for sale located at 1173 S Hayworth Avenue in Los Angeles, California. Built in 1935, the property sits on 6,495 square feet of land with 4,108 square feet of rentable area and consists of 2 three bed / two bath units.

The property features 2 large Mediterranean three bedroom units with spacious living rooms, stained glass windows, fireplaces, hardwood floors, central heating & air, tankless water heaters, 4 car garage, etc. The upstairs unit has been extensively renovated with magazine quality features such as designer bathrooms, recessed lighting, hallway skylight, a chefs kitchen, granite counter tops, high-end stainless steel appliances and in-unit washer and dryers.

A new owner would have the opportunity to significantly increase the property’s value as well as income through a couple of different strategies. The first would be to renovate, and modernize the downstairs unit, much like what the previous owner did to the upstairs unit. Secondly, a new owner could increase the property’s cash flow by a large margin by adding an Accessory Dwelling Unit (ADU) or a Junior Accessory Dwelling Unit (JADU) to the site. An amended set of ADU laws were rolled out statewide in January of 2020 which allows landlords to build ADU’s and JADU’s to the existing parcel, all while staying compliant with the HPOZ guidelines such as those that govern this neighborhood.

The property is located just north of Pico and south of Olympic on Hayworth Avenue proximate to the world class shopping dining and entertainment of The Grove, LACMA, and Santa Monica Boulevard just to name a few. With a walk score of 87, this property is ideally located in the dense rental hub of Mid-City.