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$ 1,100,000
Est. payment | /mo
4,800 Sqft Lot
$ 1,100,000
Est. payment | /mo
4,800 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26018313
HOA Y/N No
Lot Size 4,800 Sqft
Property Description
5410 Smiley Dr is a premier RTI development opportunity to build a new construction fourplex in prime West Adams. This OPPORTUNITY ZONE, SB 8 EXEMPT, NON RENT CONTROLLED, LARD1.5 zoned parcel gives developers the rare ability to build a new construction fourplex without rent restrictions, tenant relocation, or replacement unit requirements. RTI plans are included for a modern fourplex with five multi level townhome units. The mix features two four bedroom layouts, one three bedroom layout and one two bedroom layout, all with private bathrooms, in unit laundry and parking. The design supports strong rentability and appeals to high earning tenants seeking new construction and efficient floorplans.
A general contractor bid to complete construction is already in hand at approximately $900,000, allowing developers to underwrite this project with clarity on hard costs and a defined path to completion.
West Adams continues to attract tech and entertainment professionals due to its central location and direct access to major job hubs including Amazon Studios, Apple, HBO and Sony. Future tenants will enjoy walkable access to Whole Foods, Mizlala, Highly Likely, Chulita, The Culver Steps, Platform LA and the upcoming Maydan Market food hall.
5410 Smiley Dr offers developers a streamlined path to construction and a high demand location with long term rental stability and strong return potential.
Contact us directly to review the RTI set, the contractor bid, run pro forma scenarios and discuss the path to acquisition.
A general contractor bid to complete construction is already in hand at approximately $900,000, allowing developers to underwrite this project with clarity on hard costs and a defined path to completion.
West Adams continues to attract tech and entertainment professionals due to its central location and direct access to major job hubs including Amazon Studios, Apple, HBO and Sony. Future tenants will enjoy walkable access to Whole Foods, Mizlala, Highly Likely, Chulita, The Culver Steps, Platform LA and the upcoming Maydan Market food hall.
5410 Smiley Dr offers developers a streamlined path to construction and a high demand location with long term rental stability and strong return potential.
Contact us directly to review the RTI set, the contractor bid, run pro forma scenarios and discuss the path to acquisition.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Exterior
Community Features Sidewalks
Utilities Available None
View Y/N Yes
View City Lights, Neighborhood
Building
Lot Description Back Yard
Water Public
New Construction No
Others
Senior Community No
Tax ID 5043016010
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Virtual Tour https://www.myunits.com/buy/5410smiley
Listed by Lauren Cearley Myunits.com Inc. 209-298-6020
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Carlos Elizalde
REALTOR® | License ID: 02090487