5326 Smiley Dr, Los Angeles, Los Angeles, CA, CA, US, 90016
5326 Smiley Dr, Los Angeles, Los Angeles, CA, CA, US, 90016Basics
- Date added: Added 3 weeks ago
- Category: Residential
- Type: Single Family Residence
- Status: Active
- Bedrooms: 2
- Bathrooms: 1
- Year built: 1924
- MLS ID: 26829999
- Bath Full: 1
- Listing Agent License Number: 01943483
- Listing Agent First Name: Ari
- Listing Agent Last Name: Wintraub
- Lot Size Area: 4802
- Bath Half: 0
- Days On Market: 0
- Living Area: 872
- Listing Broker: 01407690
- For Lease: 0
Description
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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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Rooms
- Rooms: Living Room
Building Details
- Listing Area: Mid Los Angeles
- Building Type: Detached
- Parking Garage: Driveway
- Flooring: Tile
Amenities & Features
- Heating: Wall
- Pool: No
- Cooling: None
- Furnished: Unfurnished
- Levels: One Level