350 N Hayworth Ave Los Angeles, CA 90048

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.