350 N Hayworth Ave - Residential LAND FOR SALE


Los Angeles, CA 90048- Beverly Grove7,527 SF
$2,900,000 USD
310-908-5092
350 N Hayworth Ave, Los Angeles, CA for Sale
$2,900,000 USD
Residential LAND - FOR SALE
1/12
7,527 SF

350 N Hayworth Ave
Los Angeles, CA 90048
Beverly Grove


HIGHLIGHTS

  • Prime Location & Opportunity: Rare development site in desirable Beverly Grove, 90048 with flexible zoning and strong potential
  • Existing Structure: Fire-damaged 4-unit apartment building
  • Occupancy Status: Vacant since 2018/2019 - SB8 Exempt
  • Development Plans: Almost RTI plans for a 20- unit building | Includes 3 low-income units
  • Alternative Development Options: Small lot subdivision & 100% affordable housing under Executive Directive 1 (ED1)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/ACRE

$16,780,553/AC

PRICE/SF

$385 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

SB8 Exempt | LAR4 | Tier 3 | Almost RTI Plans

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.17 AC

LAND SF

7,528 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R4-1

APN/PARCEL ID

5527-036-004

ASK ABOUT THIS PROPERTY

Robert SillmanLyon Stahl Investment Real EstateMore Info
310-908-5092

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Robert SillmanLyon Stahl Investment Real EstateMore Info
310-908-5092

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.