8
See all 8 photos
$950,000
Est. payment /mo
2 Beds
1 Bath
872 SqFt
Active
5326 Smiley Drive Los Angeles, CA 90016
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 872 sqft
Price per Sqft $1,089
MLS Listing ID CL26829999
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1924
Lot Size 4,802 Sqft
Acres 0.1102
Property Sub-Type Single Family Residence
Property Description
Located in a premier Opportunity Zone in the heart of West Adams, this LARD1.5-zoned parcel offers a rare, SB 8-exempt, and non-rent-controlled development opportunity with a streamlined path to market-rate construction. This is for only Lot 1, as seen in photos, provides an opportunity to build a "by-right" triplex, plus the addition of an ADU yields a fourplex in one of the nation's fastest-growing sub-markets. Capitalize on the immense demand from expanding nearby offices for Apple, Amazon Studios, and HBO. Future residents will enjoy easy access to Whole Foods, Mizlala, the newly opened Maydan Market, and all the trendy destinations along Adams Blvd. The site is uniquely positioned as a standalone project or as part of a strategic five-lot assembly totaling a half-acre with plans for 16 small-lot homes. Unlike many central LA developments, this project requires no low-income set-asides or replacement units, allowing for 100% market-rate rental or sales potential. This is an ideal acquisition for developers seeking a high-margin exit or a stable, long-term hold in Los Angeles' most dynamic growth hub.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Flooring Tile
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
View Y/N false
View None
Private Pool false
Building
Story 1
Architectural Style Traditional
Level or Stories One Story
New Construction No
Others
Tax ID 5043016002
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Listed by Ari Wintraub • Sotheby's International Realty
NEARBY SCHOOL & BUSINESS
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