$2,900,000

Estimated payment $18,844/month

Total Views 1,267
0.17 Acre
$16,782,407 Price per Acre
7,528 Sq Ft Lot

About This Lot

We proudly present 350 N Hayworth Ave—a prime redevelopment opportunity located in the heart of Beverly Grove, 90048. The property currently features a vacant, fire-damaged 4-unit building totaling 5,070 square feet and is ready for demolition. Sitting 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 opens the door to a range of 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. Reach out for Offering Memorandum & Feasibility Study.

Listing Agent

Bobby Sillman

Lyon Stahl Investment Real Estate, Inc. Brokerage Email: bobby@lyonstahl.com License #02145409 Listed on: 06/02/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Email: bobby@lyonstahl.com License #02035763

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $33,381

Lot Details

  • 7,528 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned LAR4

Property Views

  • City Lights
  • Hills

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 305
  • Tax Tract Number 6790
  • Assessor Parcel Number 5527036004
  • $700 per year additional tax assessments
  • Seller Considering Concessions

Property Details

Property Type

Land

Est. Annual Taxes

$33,381

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: LAR4
  • Property Type: Land
  • Parcel Number: 5527036004
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 385.23

Exterior Features

  • View: City Lights, Hills

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7528.00
  • Lot Size Acres: 0.1728

Multi Family

  • Lot Size Area: 7528.0000 Square Feet

Tax Info

  • Tax Census Tract: 1945.00
  • Tax Lot: 305
  • Tax Tract Number: 6790
  • TaxOtherAnnualAssessmentAmount: 700.00

Map

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

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
2024 $33,381 $2,724,416 $1,842,832 $881,584
2023 $32,736 $2,670,998 $1,806,699 $864,299
2022 $31,325 $2,627,945 $1,681,885 $946,060
2021 $30,932 $2,576,417 $1,648,907 $927,510
2020 $31,252 $2,550,000 $1,632,000 $918,000
2019 $30,006 $2,500,000 $1,600,000 $900,000
2018 $11,841 $945,551 $540,318 $405,233
2016 $11,288 $908,837 $519,338 $389,499
2015 $11,127 $895,187 $511,538 $383,649
2014 $11,185 $877,652 $501,518 $376,134
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 For Sale $2,900,000 -- $572 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed $2,500,000 Old Republic Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Equity Title
Individual Deed $700,000 Equity Title Company
Grant Deed $265,000 Chicago Title Company
Trustee Deed $301,289 Chicago Title Co
Interfamily Deed Transfer -- --
Gift Deed -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $750,000 Adjustable Rate Mortgage/ARM
Previous Owner $349,000 Unknown
Previous Owner $500,000 No Value Available
Previous Owner $350,000 Unknown
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25117520

California Regional Multiple Listing Service (CRMLS)

APN: 5527-036-004