14
See all 14 photos
$7,900,000
Est. payment /mo
0.55 Acres Lot
New
5338 Smiley DR Los Angeles, CA 90016
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25513931
HOA Y/N No
Lot Size 0.551 Acres
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
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
Lot Description Flat
Sewer Other
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5043016004
Special Listing Condition Standard
Listed by Ari Wintraub • Sotheby's International Realty