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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$2,495,000

Est. payment - /mo

7,528 Sqft Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25252593

Lot Size 7,528 Sqft

Property Sub-Type Lots/Land

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

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

Interior

Fireplace No

Exterior

Utilities Available Other/Remarks

View Y/N No

Others

Senior Community No

Tax ID 5527036004

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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Listed by Robert Sillman, DRE#02145409 Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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350 N Hayworth Los Angeles, CA 90048