Beverly Grove Redevelopment
350 N Hayworth Avenue Los Angeles, CA 90048
350 N Hayworth Avenue, Los Angeles, CA, 90048
$2,690,000
For Sale
$2,690,000
Prime redevelopment site in Beverly Grove with SB-8 exemption.
Days on Market414
Property Features for 350 N Hayworth Avenue
General Information
- Standard status
- Active
Listing Agency
LYON STAHL INVESTMENT REAL ESTATE, INC.
Listed by
ROBERT SILLMAN
Source
Corcoran
Added: Jun 3, 2025 Updated: Jul 10 at 3:45 pm Checked: Jul 10 at 3:45 pm
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, INC.
Investment Insights
Based on property information with market context.
Located in the heart of Beverly Grove, 350 N Hayworth Ave presents a redevelopment opportunity. The property 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 potential for a range of high-value development strategies.
Key Highlights
- Prime Beverly Grove location (90048) offering high‑value development potential.
- LAR4 zoning on a 7,526 sq ft lot with SB‑8 exemption, allowing for diverse development options without low‑income housing replacement.
- Almost RTI‑approved plans for a 20‑unit multifamily project (16 x 1 bed/1 bath, 4 x 2 bed/2 bath).
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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 N Hayworth Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,690,000.
What are key features of this property?
This property features: Prime Beverly Grove location (90048) offering high‑value development potential.; LAR4 zoning on a 7,526 sq ft lot with SB‑8 exemption, allowing for diverse development options without low‑income housing replacement.; **Almost RTI‑approved plans for a 20‑unit multifamily project (16 x 1 bed/1 bath, 4 x 2 bed/2 bath).**
