Alta Realty Group
Alicia Hernandez, Alta Realty GroupPhone: (909) 680-1305
Email: RealtorAliciaH@gmail.com
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listing
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LandFor Sale
$7,900,000
5338 Smiley Drive
Los Angeles, CA 90016
Listed by: Ari Wintraub from Sotheby's International Realty, 310-428-5045
MLS: Datashare CLAW
24,005Sq Ft
Est. Mortgage
$40,878/mo

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

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Information courtesy of Sotheby's International Realty is subject to verification and is not guaranteed.
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