5330 Smiley Drive , Los Angeles, California

5330 Smiley Dr

5330 Smiley Drive , Los Angeles, CA

  • CA$1,198,615
  • 2 BEDS
  • 1 BATHS
  • 4,800 sq.ft. Land

5330 Smiley Dr

5330 Smiley Drive , Los Angeles, CA

  • CA$1,198,615
  • 2 BEDS
  • 1 BATHS
  • 4,800 sq.ft. Land

Key Facts

  • MLS® #: 26830009
  • Property ID: SIRC3317828
  • Original Price: USD 950,000
  • Property Type: Residential, Single Family Detached
  • Lot Size¹: 4,800 sq.ft.
  • Year Built: 1947
  • Bedrooms: 2
  • Bathrooms: 1

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 only for Lot 2, 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.

Listing Agents

  • Ari Wintraub

    C. 3104285045

    O. 3104816262

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Location

5330 Smiley Drive , Los Angeles, California, 90016 United States

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Marketed By

Sotheby's International Realty - Brentwood Brokerage
11911 San Vicente Blvd Ste 200
Los Angeles, California, 90049
United States

310.481.6262

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¹Square footage refers to the total area of living space within a residential structure or the property lot size. All information regarding lot or house size is deemed reliable but not guaranteed and must be verified by the purchaser. Measurement definitions may vary by region.
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