Beverly Grove Redevelopment
For Sale
$2,690,000
350 N Hayworth Avenue, Los Angeles, CA 90048
Prime redevelopment site in Beverly Grove with SB-8 exemption.
Property Size5,070 SF
Lot Size0.17 Acres
Price / SF$530.57
Days on Market459
Property Features for 350 N Hayworth Avenue
General Information
Standard status
Active
Size
5,070 SF
Lot size
0.17 Acres
Zoning
LAR4
Property Condition
Severity
Teardown
Evidence
ready for demolition
Additional Details
Multifamily Units
4
Building Details
Buildings
1
Listing Agency:
LYON STAHL INVESTMENT REAL ESTATE, INC.
Listed By:
ROBERT SILLMAN
Source:
Corcoran
Added: Jun 3, 2025
Changed: Aug 11
Last Checked: Aug 11 at 4:11PM
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).**
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,397
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?
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).**
