NOT LISTED FOR SALE

Estimated Value: $1,854,000 - $2,308,000

8 Beds
4 Baths
4,709 Sq Ft
$434/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $1,881,000 $399 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $12,140/month

62 Days on Market

Highlights

  • French Architecture
  • Built-In Features
  • Gated Home
  • Wood Flooring

About This Home

As of January 2024

439 N. Hayworth is a value-add fourplex in the heart of the Fairfax District, an "A+" rental market under constant demand by high-income young professionals. Located blocks from The Grove and several other thriving neighborhood hubs (Melrose Ave, Fairfax Ave, West 3rd St), this charming French-Normandy style fourplex is near various trendsetting retailers, heavily-visited restaurants, and lively nightlife options. 439 N. Hayworth features (4) spacious 2-bdrm units that average approx. 1,175 SF. Please note that one unit is currently VACANT, and a section-8 tenant rents another. This Fairfax District investment opportunity presents a substantial value add opportunity, as rents are approx. 42% below market compared to renovated units in the area. Additionally, the property is offered at $425 per foot and $499,750 per unit, and at the list price, 439 N. Hayworth stabilizes at a 5.26% CAP and 13.74 GRM. Property amenities include (2) 2-car garages that generate additional income and a community laundry room.

Last Agent to Sell the Property

Max Berger

Compass License #02054048 Listed on: 09/12/2023

Compass

Last Buyer's Agent

Tzvi Haber

Rebah Properties License #01916891

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,932

Year Built

  • Built in 1949

Lot Details

  • 6,613 Sq Ft Lot
  • Gated Home

Parking

  • 4 Car Garage

Home Design

  • French Architecture

Interior Spaces

  • 4,709 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Freezer

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 5527-032-019

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,932

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: French Normandy
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4709
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood, Carpet
  • Bedrooms: 8
  • Common Walls: Attached
  • Laundry: Community, Garage
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Freezer, Range/Oven, Refrigerator
  • Price Per S Q F T: 424.51

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Garage Structures: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Security: Gated

Lot Info

  • Assessor Parcel Number: 5527-032-019
  • Lot Size Area: 6613

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 19.54
  • Number Of Units: 4
  • Total Annual Expense: 35920
  • Type Of Units: Apartments
  • Vacancy Rate: 1 Unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Jan 24, 2024
Sold by
Anatol Surger And Lyudmila Surger Family
Bought by
439 North Hayworth Avenue Llc
Seller's Agent
Max Berger
Compass
Buyer's Agent
Tzvi Haber
Rebah Properties
List Price
$1,999,000
Sold Price
$1,881,000
Premium/Discount to List
-$118,000
-5.9%
Views
109
Current Estimated Value
$2,045,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,114
Avg. Annual Appreciation
10.57%
Original Mortgage
$1,500,000
Outstanding Balance
$1,473,215
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$744,760

Purchase Details

Closed on
Dec 22, 2022
Sold by
Mazur Family Trust
Bought by
Bershatski Eric and Berkovich Michael

Purchase Details

Closed on
Nov 16, 2006
Sold by
Surger Anatol and Roman Surger Trust
Bought by
Surger Anatol

Purchase Details

Closed on
Mar 22, 2004
Sold by
Surger Anatol and Surger Lyudmila
Bought by
Surger Anatol

Purchase Details

Closed on
Mar 3, 2004
Sold by
Surger Anatol and The Roman Surger Trust
Bought by
Surger Anatol

Purchase Details

Closed on
Feb 22, 2004
Sold by
Surger Anatol and Surger Lyudmila
Bought by
The Anatol & Lyudmila Surger Family Tr

Purchase Details

Closed on
Feb 25, 1998
Sold by
Mazur David and Mazur Chaia
Bought by
Mazur David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.97%

Purchase Details

Closed on
Feb 12, 1998
Sold by
Mazur David and Mazur Chaia
Bought by
Mazur David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.97%

Purchase Details

Closed on
Feb 6, 1998
Sold by
Baraz Klara
Bought by
Surger Roman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.97%

Purchase Details

Closed on
Jan 20, 1998
Sold by
Surger Lyudmila
Bought by
Surger Anatol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.97%

Purchase Details

Closed on
May 21, 1997
Sold by
Surger Roman and Surger Anatol
Bought by
Surger Roman and Roman Surger Trust

Purchase Details

Closed on
Jun 15, 1995
Sold by
Mazur David and Mazur Chaia
Bought by
Mazur David and Mazur Chaia

Purchase Details

Closed on
Feb 28, 1995
Sold by
Surger Mila
Bought by
Surger Anatol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
9.21%

Purchase Details

Closed on
Feb 9, 1995
Sold by
Raff Rita and Nathan Bornstein Trust
Bought by
Mazur David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
9.21%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
439 North Hayworth Avenue Llc $1,881,000 Provident Title Company
Bershatski Eric -- --
Surger Anatol -- Accommodation
Surger Anatol -- --
Surger Anatol -- --
Surger Anatol -- --
The Anatol & Lyudmila Surger Family Tr -- --
Surger Anatol -- --
Mazur David -- Fidelity National Title Co
Mazur David -- Fidelity National Title Co
Mazur David -- Fidelity National Title Co
Surger Roman -- Fidelity National Title Co
Surger Anatol -- Fidelity National Title Co
Surger Roman -- --
Mazur David -- --
Surger Anatol -- Benefit Land Title
Surger Roman -- Benefit Land Title
Mazur David $280,000 Benefit Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 439 North Hayworth Avenue Llc $1,500,000
Previous Owner Mazur David $160,000
Previous Owner Mazur David $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $1,881,000 -5.9% $399 / Sq Ft
11/13/2023 11/13/23 Pending -- -- --
09/12/2023 09/12/23 For Sale $1,999,000 -- $425 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,932 $1,918,620 $1,356,600 $562,020
2024 $14,932 $1,189,824 $842,623 $347,201
2023 $6,084 $452,034 $271,223 $180,811
2022 $5,823 $443,171 $265,905 $177,266
2021 $5,725 $434,483 $260,692 $173,791
2019 $5,565 $421,597 $252,960 $168,637
2018 $5,441 $413,331 $248,000 $165,331
2016 $5,162 $397,283 $238,371 $158,912
2015 $5,091 $391,316 $234,791 $156,525
2014 $5,135 $383,651 $230,192 $153,459
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-310371

The MLS

APN: 5527-032-019