5326 Smiley Drive, Los Angeles, CA, 90016

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$950,000
155 Days On Site

5326 Smiley Drive
Los Angeles, CA 90016

For Sale|Single Family Residence|Active
2
Beds
1
Total Bath
1
Full Bath
872
SqFt
$1,089
/SqFt
1924
Built
County:
Los Angeles
Listed by Ari Wintraub of Sotheby's International Realty ari.wintraub@sothebyshomes.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
5326 Smiley Drive5326 Smiley Drive5326 Smiley Drive5326 Smiley Drive
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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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Listing Snapshot
Price 
$950,000
Days On Site 
155 Days
Bedrooms 
2
Inside Area (SqFt) 
872 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
0.1102 Acres
Year Built 
1924
MLS® Number 
26829999
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
5 months agoListing first seen on site
General Features
Acres 
0.1102
Levels 
One
Parking 
Driveway
Property Sub Type 
Single Family Residence
Special Circumstances 
Standard
SqFt Total 
872
Style 
Traditional
Zoning 
LARD1.5
Interior Features
Fireplace Features 
None
Flooring 
Tile
Furnished 
Unfurnished
Heating 
Wall Furnace
Laundry Features 
None
Living Room 
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Exterior Features
Pool Features 
None
Spa Features 
None
View 
None
Waterview 
None
Community Features
MLS Area 
C16 - Mid Los Angeles


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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