5338 Smiley Drive, Los Angeles, CA 90016
  • MLS#: 25513931 ( )
  • Street Address: 5338 Smiley Drive
  • Viewed: 2
  • Price: $7,900,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 24
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90016
  • Provided by: Sotheby's International Realty
  • Contact: Ari Ari
  • California Regional MLS IDX
  • DMCA Notice
  • 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
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Features
Country
  1. US
Parcel Number
  1. 5043016004
Postalcodeplus4
  1. 3308
Sewer
  1. Other
Topography
  1. Flat
View
  1. None
Water Source
  1. Public
Water Table Depth
  1. 12
Zoning
  1. LARD1.5