350 Hayworth Ave Los Angeles, CA 90048
Prime redevelopment site in Beverly Grove with SB-8 exemption.
Property Features for 350 Hayworth Ave
General Information
- Standard status
- Active
Source:
Corcoran
Listing 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 ...
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).