350 N Hayworth Avenue, Los Angeles, CA 90048
350 N Hayworth Avenue, Los Angeles, CA 90048
350 N Hayworth Avenue, Los Angeles, CA 90048
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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353
$2,495,000
Est. payment /mo
2 Beds
1 Bath
7,528 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25252589

Bedrooms 2

Lot Size 7,528 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

*DEVELOPMENT OPPORTUNITY* We proudly present 350 N Hayworth Avea 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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction On the east side of North Hayworth Ave between Beverly Blvd and Oakwood Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5527036004

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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MLS Router / San Diego MLS
Listed by Robert Sillman, DRE#02145409 Lyon Stahl Investment Real Estate, Inc. 
Co-listed byCameron Samimi • Lyon Stahl Investment Real Estate, Inc.

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350 N Hayworth Avenue