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$ 2,495,000
Est. payment | /mo
2 Beds
5,070 SqFt
$ 2,495,000
Est. payment | /mo
2 Beds
5,070 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 5,070 sqft
Price per Sqft $492
MLS Listing ID CRSB25252589
Bedrooms 2
HOA Y/N No
Year Built 1927
Lot Size 7,528 Sqft
Acres 0.17
Property Sub-Type OTHER
Property Description
*DEVELOPMENT OPPORTUNITY* 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.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Fireplace No
Laundry See Remarks
Exterior
Exterior Feature Other
View Y/N true
View City Lights, Hills
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 5527036004
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Robert Sillman • Lyon Stahl Investment Real Estate, Inc.
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