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Eric Boyenga

e@boyenga.com +1(408) 506-3942

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

$ 2,495,000

Est. payment | -/mo

7,528 Sqft Lot

Save

$ 2,495,000

Est. payment | -/mo

Save

7,528 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB25252593

Lot Size 7,528 Sqft

Property Sub-Type Other Residential Land

Source California Regional MLS

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

Area C19 - Beverly Center-Miracle Mile

Zoning D0

Exterior

Utilities Available Other

View Hills, City Lights

Building

Water District - Public

Others

Tax ID 5527036004

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

350 N Hayworth AVE Los Angeles, CA 90048