Daniel Hirth and Elijah Suval of The Hirth Group have been exclusively selected to market for sale 316-322 East Hardy Street - an existing single-family residence and phenomenal development opportunity. Per title, the subject properties consist of (2) two parcels with approximately 8,775 SF of land each, resulting in a total lot square footage of ±17,551 SF.
This is a rare 22-unit development opportunity in prime Inglewood. The subject property is zoned INR3YY and is eligible for Inglewood’s density bonus program - resulting in more units. The number of additional units varies based on what incentives the developer will want to exercise.
316-322 East Hardy Street is strategically located half a mile away from “The New Hollywood Park” project. This 238-acre, $5 billion project will consist of the new Rams and Chargers stadium, 2,500 units of housing, 620,000 SF of retail space, and a 300-room luxury hotel, amongst other luxurious commodities. The subject properties are also in close proximity to the I-405 and I-105 freeways, providing a rare central location for residents. Rents in Inglewood have exploded as an influx in demand of apartment units has soared. Additionally, the LA Metro Line is also expanding into Inglewood with several new stops, and other luxury hotel and retail developers are flooding into the market. This is a once in a blue moon opportunity to obtain real estate in one of the most rapidly developing markets in all of Los Angeles.
