Redevelopment Opportunity with Approved
For Sale
$2,495,000
350 N Hayworth Ave, Los Angeles, CA 90048
Fire-damaged 4-unit building is slated for demolition on a 7,526-sq.-ft. LAR4-zoned, SB-8-exempt lot in Beverly Grove.
Property Size5,070 SF
Lot Size0.17 Acres
Price / SF$492.11
Days on Market26
Property Features for 350 N Hayworth Ave
General Information
Standard status
Active
Size
5,070 SF
Lot size
0.17 Acres
Property subtype
Land
Zoning
LAR4
Additional Details
Multifamily Units
20
Listing Agency:
Lyon Stahl Investment Real Estate
(310) 908-5092
Listed By:
Robert Sillman · License #02035763
(310) 908-5092
Source:
Elliman
Added: Jul 16
Changed: Aug 10
Last Checked: Aug 10 at 3:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
350 N Hayworth Ave in Beverly Grove offers a redevelopment canvas with a vacant, fire-damaged 4-unit building that is ready for demolition. The site totals 7,526 square feet and is zoned LAR4, with an SB-8 exemption tied to being unoccupied for over five years.
Almost RTI-approved plans contemplate a 20-unit multifamily project featuring 16 one-bedroom, one-bathroom units and four two-bedroom, two-bathroom units, with three units designated as Extremely Low Income (ELI). The redevelopment program notes flexibility to relocate the affordability covenant as long as the overall bedroom count remains equivalent.
Alternative scenarios described include a small-lot subdivision supporting four to six single-family homes or a 100% affordable housing project under Executive Directive 1 (ED1).
Almost RTI-approved plans contemplate a 20-unit multifamily project featuring 16 one-bedroom, one-bathroom units and four two-bedroom, two-bathroom units, with three units designated as Extremely Low Income (ELI). The redevelopment program notes flexibility to relocate the affordability covenant as long as the overall bedroom count remains equivalent.
Alternative scenarios described include a small-lot subdivision supporting four to six single-family homes or a 100% affordable housing project under Executive Directive 1 (ED1).
Key Highlights
- Vacant, fire‑damaged 4‑unit building (5,070 SF) slated for demolition
- 7,526 SF lot zoned LAR4 in Beverly Grove (90048)
- SB‑8 exemption for being unoccupied for over five years
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
3,919
Businesses Nearby
Explore this area
Business Placement
Demographics for 90048, CA
22,604
Population
13,733
Households
1.6
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
11,897
Density / Sq Mi
$104,227
Median Household Income
$83,951
Median Earnings
$2,359
Median Rent
$1,847,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fire-damaged 4-unit building is slated for demolition on a 7,526-sq.-ft. LAR4-zoned, SB-8-exempt lot in Beverly Grove.
Where is this quadplex located?
The property is located at 350 N Hayworth Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Vacant, fire‑damaged 4‑unit building (5,070 SF) slated for demolition; 7,526 SF lot zoned LAR4 in Beverly Grove (90048); SB‑8 exemption for being unoccupied for over five years
