Listing Agent: Ari Wintraub      Broker/Office: Sotheby's International Realty
5330 Smiley Drive Los Angeles CA 90016
$ 950,000
  2   |    1   |    817 Sq Feet

Listing ID

#26830009

Status

Active

Property Type

Single Family Residence

Property Style

Traditional

County

Los Angeles

Year Built

1947

Days on website

14

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.
Location
Financial Information
List Price:  $ 950000
Property Features
Flooring:  Tile
Furnished:  Unfurnished
Levels:  One
Parking Features:  Driveway
Senior Community YN:  false
Senior Community YN:  false
MLS Area Major:  C16 - Mid Los Angeles
City:  Los Angeles
Listed By:   Ari Wintraub   Sotheby's International Realty 
CA Lic#