5338 Smiley Drive

Los Angeles , CA 90016

MLS#: 25513931

$7,900,000

Status: Active
Listing number: 25513931
Listing provided by: Sotheby's International Realty
Listing agent phone: None
Last update: N/A
On site: 3 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

0.5511 acres

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

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • View

    None

Area & Lot

  • Lot Features

    Level

  • Lot Size(acres)

    0.5511

  • Property Type

    Land

Price

  • Sales Price

    $7,900,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

  • Sewer

    Other

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Listing Courtesy of Ari Wintraub , Sotheby's International Realty

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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

5338 Smiley Drive

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