CA > Los Angeles
Los Angeles, CA 90016,5338 Smiley DR
Los Angeles, CA 90016,5338 Smiley DR
Los Angeles, CA 90016,5338 Smiley DR
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$7,900,000
Est. payment /mo
0.55 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25513931

HOA Y/N No

Lot Size 0.551 Acres

Property 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

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

Lot Description Flat

Sewer Other

Water Public

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5043016004

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Ari Wintraub • Sotheby's International Realty

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