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    350 Hayworth Ave Los Angeles, CA 90048

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    For Sale
    $2,800,000

    Prime redevelopment site in Beverly Grove with SB-8 exemption.

    Property Features for 350 Hayworth Ave

    General Information

    Standard status
    Active

    Source: LYON STAHL INVESTMENT REAL ESTATE, INC. Agent ROBERT SILLMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Beverly Grove Redevelopment Opportunity

    Located in the heart of Beverly Grove, this property at 350 N Hayworth Ave presents a redevelopment opportunity. The site currently features a vacant, fire-damaged 4-unit building totaling 5,070 square feet, ready for demolition. Situated on a 7,526 square foot LAR4-zoned lot, the site benefits from an SB-8 exemption, as it has remained unoccupied for over five years. This exemption allows for development options that do not require the replacement of low-income housing. Almost RTI-approved plans include a 20-unit multifamily project consisting of 16 one-bedroom, one-bathroom units and 4 two-bedroom, two-bathroom units, with three designated as Extremely Low Income (ELI). There is flexibility to relocate the affordability covenant as long as the overall bedroom count remains equivalent. Alternative development scenarios include a small lot subdivision supporting four to six single-family homes or a 100% affordable housing project under Executive Directive 1 (ED1). This site represents a rare blank canvas in one of Los Angeles' most sought-after neighborhoods, offering strong potential for a range of high-value development strategies.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.36251
    Latitude
    34.07759

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    FAQs

    What type of property is this?
    Apartment building - Prime redevelopment site in Beverly Grove with SB-8 exemption.
    Where is this apartment building located?
    The property is located at 350 Hayworth Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in the heart of Beverly Grove (90048).; - LAR4-zoned 7,526 sq ft lot with SB-8 exemption.; - Almost RTI-approved plans for a 20-unit multifamily project (16 x 1 bed/1 bath & 4 x 2 bed/2 bath).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    350 Hayworth Ave Los Angeles, CA 90048
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