14
See all 14 photos
$7,900,000
Est. payment /mo
0.55 Acres Lot
Active
5338 Smiley Drive Los Angeles, CA 90016
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Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25513931
HOA Y/N No
Lot Size 0.551 Acres
Acres 0.55
Property Sub-Type Unimproved Land
Property 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
Location
State CA
County Los Angeles
Zoning LARD
Interior
Fireplace No
Exterior
Utilities Available Other Water/Sewer
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5043016004
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Listed by Ari Wintraub • Sotheby's International Realty
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289