Description

We are excited to introduce 350 S Hayworth Ave, an RTI development site located in the bustling neighborhood of Beverly Grove. This site has already received RTI approval for a project comprising 20 units and is ready to be built as soon as escrow closes.The existing improvements on the lot, zoned LAR4 and measured at 7,526 square feet (buyer to verify), consist of a vacant 4-unit structure that is ready for demolition. The proposed plans include 16 one-bedroom, one-bathroom units, 4 two-bedroom, two-bathroom unit, three of which are subject to low income requirements. The covenant can be placed on other units as long as it replaces the bedroom count. (Buyer to verify)Averaging 917 SF, each spacious unit has been designed with the utmost care to attract the affluent tenant base looking to live in this dynamic and diverse area. The project was designed to minimize development cost by stacking units and avoiding subterranean parking which will save time and significant cost. To cap things off, there is a luxurious rooftop deck where tenants can socialize and unwind while taking in the incredible views. Beverly Grove is a highly desirable neighborhood in Los Angeles that offers an excellent quality of life for its residents. Located just east of Beverly Hills and west of Hollywood, Beverly Grove is known for its upscale shopping and dining options, as well as its proximity to some of the city's most popular attractions.One of the main draws of Beverly Grove is its shopping and dining scene. The neighborhood is home to several high-end shopping destinations, including the iconic Beverly Center and the luxury fashion boutiques on Melrose Avenue. There are also numerous restaurants, cafes, and bars in the area, ranging from trendy brunch spots to upscale fine dining establishments.Beverly Grove is also known for its cultural attractions, including the Los Angeles County Museum of Art (LACMA) and the Petersen Automotive Museum. These institutions offer world-class exhibitions and events throughout the year, providing residents with access to some of the city's most exciting cultural experiences.