5338 Smiley Dr - Commercial LAND FOR SALE


Los Angeles, CA 90016- West Adams24,002 SF
$7,900,000 USD
310-428-5045
5338 Smiley Dr, Los Angeles, CA for Sale
$7,900,000 USD
Commercial LAND - FOR SALE
1/13
24,002 SF

5338 Smiley Dr
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • FULLY ENTITLED: Ready to Issue (RTI) Development
  • BUILD & HOLD FLEXIBILITY: No low-income rental unit requirements
  • PRIME LOCATION: Close to the La Cienega Expo Light Rail Line and West Adams’ growing amenities and Culver City adjacent

OVERVIEW

Great opportunity to acquire a fully entitled, ready-to-issue (RTI) Samll Lot Development site in the heart of West Adams. 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). The site is nestled in a residential pocket not far from 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.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/ACRE

$14,338,500/AC

PRICE/SF

$329 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Smiley Drive Small Lot Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.55 AC

LAND SF

24,000 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

5043-016-004

ASK ABOUT THIS PROPERTY

Ari WintraubSotheby's International RealtyMore Info
310-428-5045

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ari WintraubSotheby's International RealtyMore Info
310-428-5045

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.