$950,000
For Sale by Owner $1,163/sq ft
Listed 2 months ago

2BR House for Sale in Los Angeles, CA

5330 Smiley Dr, Los Angeles, CA 90016
2 Beds
1 Bath
817 sq ft
Built 1947
PropSlick Verified Data Key facts & insights for this exact address
$1,163
Price / sq ft
1947
Year Built
$9,974
Property Tax / yr
4,800 sf
Lot Size
Los Angeles
County

Key Facts

Property TypeHouse
Year Built1947
Square Footage817 sq ft
Lot Size4,800 sq ft
Annual Property Tax$9,974
Price / SqFt$1,163

Property 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.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
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Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
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