5330 Smiley Drive
Los Angeles, CA 90016
- Bedrooms
- 2
- Bathrooms
- 1
- Interior
- 817 sq ft
- Year Built
- 1947
About this residence
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.
Property details
- Status
- For Sale
- Property type
- Single-Family Home
- Price per sq ft
- $1,163/sq ft
- Days on market
- 8 days
- Year built
- 1947
- View
- None
- Parking
- 0 spaces
- Furnished
- No
- Waterfront
- No
- MLS number
- 26830009
Location & neighborhood
5330 Smiley Drive, Los Angeles, CA 90016
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- Principal & interest$4,804
- Property taxes$1,441
- Insurance$396
- HOA / fees$0
Estimate only. Taxes, insurance and HOA are approximate.
Listing courtesy of Sotheby's International Realty · MLS 26830009. Information deemed reliable but not guaranteed; buyers should independently verify all details.
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