5330 Smiley Dr (Off Market)

For Sale, USD 950,000


5330 Smiley Drive, Los Angeles, CA, 90016,

Property Type : Single Family Home

Property Style : N/A

Build Size : 817 ft² / 76 m²

Land Size : 4,800 ft² / 446 m² Convert Land Size

Bedroom : 2

Bathroom : 1

Half Bathroom : 0

MLS#: 26830009


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 only for Lot 2, 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.
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5330 Smiley Dr, United States,California,Los Angeles is a 817ft² Los Angeles luxury Single Family Home listed for sale USD 950,000. This high end Los Angeles Single Family Home is comprised of 2 bedrooms and 1 baths. Find more luxury properties in Los Angeles or search for luxury properties for sale in Los Angeles.