5326 Smiley Drive, Los Angeles, CA 90016
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
5326 Smiley Drive,Los Angeles, CA 90016
$950,000
- 2 Beds
- 1 Baths
- 872 sq. ft.
- Single family
- Active
Listed by: ari wintraub
Office: sotheby's international realty
MLS#:CL26829999
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$950,000
- Price per sq. ft.:$1,089.45
About this home
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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Home facts
- Year built:1924
- Listing ID #:CL26829999
- Added:123 day(s) ago
- Updated:September 08, 2026 at 02:57 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Flooring:Tile
- Living area:872 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1924
- Building area:872 sq. ft.
- Lot area:0.11 Acres
- Architectural Style:Single Family Residence, Traditional
- Levels:1 Story, 1 Story
Finances and disclosures
- Price:$950,000
- Price per sq. ft.:$1,089.45
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