5338 Smiley Drive
Los Angeles, CA 90016
0.55 acres | #25513931
Description
Great opportunity to acquire a fully entitled, ready-to-issue (RTI) Small Lot Development site in the heart of West Adams to build 16 SFR homes. Spanning 24,000 SF across five standard lots, the property currently consists of a residential structure and open yard space. The RTI plans are for 16 modern residential units (small lot homes), with elevated architecture and rooftop decks. The site is nestled in a residential pocket not far from hip restaurants like Mizlala, MIAN and Whole Foods. The La Cienega/Jefferson Expo Line station is nearby and makes it ideal for transit-oriented development also located in an Opportunity Zone. The project is free of low-income housing requirements and offers flexibility for both short- and long-term strategies. Strong location in one of LA's fastest-growing creative corridors, the project benefits from the area's rapid urban growth and premium amenities, making it an ideal choice for maximizing returns. Includes these three additional parcels: 5043-016-002, 5043-016-003, 5043-016-005
Property Details
- School DistrictLos Angeles Unified
- CountyLos Angeles
- Original List Price$7,900,000
- Property TypePurchase
- MLS #25513931
- MLS #25513931
- Cost7900000
- Acres0.5511
- Utility SourcePublic
- Sewer InformationOther
- Lot DescriptionFlat
- Property SubtypeLand
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Ari Wintraub (#CLW-C113664)
Listing Office: Sotheby's International Realty (#CLW-B0835904)
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