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
Property Details
Price:
$7,900,000
MLS #:
25513931
Status:
Active
Baths:
0
Address:
5338 Smiley Drive 5043016004
Type:
Land
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Apr 2, 2025
State:
CA
ZIP:
90016
Lot Size:
24,005 sqft / 0.55 acres (approx)
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- Address5338 Smiley Drive 5043016004 Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
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5338 Smiley Drive 5043016004
Los Angeles, CA
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