For Sale, USD 950,000
5326 Smiley Drive, Los Angeles, CA, 90016, Los Angeles, California, United States
Property Type : Single Family Home
Property Style : N/A
Build Size : 872 ft² / 81 m²
Land Size : 4,802 ft² / 446 m² Convert Land Size
Bedroom : 2
Bathroom : 1
Half Bathroom : 0
MLS#: 26829999
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.
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5326 Smiley Dr, United States,California,Los Angeles is a 872ft² 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.