Los Angeles, CA 90016,5410 Smiley
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Carlos Elizalde

Carlos Elizalde

+1(714) 389-8310
$ 1,100,000
Est. payment | /mo

4,800 Sqft Lot

Save Virtual Tour
$ 1,100,000
Est. payment | /mo
Save Virtual Tour

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.

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

CRMLS – RECore
Listed by Lauren Cearley Myunits.com Inc. 209-298-6020
Nearby Locations
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    El Marino Elementary School

    Public | KG - 5

  • 10

    Farragut Elementary School

    Public | KG - 5

  • 9

    Beverly Vista School

    Public | KG - 8

  • 9

    Canfield Avenue Elementary School

    Public | KG - 5

  • 9

    Horace Mann School

    Public | KG - 8

  • 8

    Castle Heights Elementary School

    Public | KG - 5

  • 8

    El Rincon

    Public | KG - 5

  • 8

    Hancock Park Elementary

    Public | KG - 5

  • 8

    3rd Street Elementary School

    Public | KG - 5

  • 8

    Queen Anne Place Elementary School

    Public | KG - 5

  • 7

    Linwood E. Howe Elementary School

    Public | KG - 5

  • 7

    Baldwin Hills Elementary School

    Public | KG - 5

  • 7

    New Heights Charter

    Public | KG - 8

  • 6

    Marvin Avenue Elementary

    Public | KG - 5

  • 6

    Cienega Elementary School

    Public | KG - 5

  • 5

    Shenandoah Street Elementary School

    Public | KG - 5

  • 5

    City Charter Elementary School

    Public | KG - 5

  • 5

    Celerity Nascent Charter

    Public | KG - 8

  • 4

    Crescent Heights Blvd School

    Public | KG - 5

  • 4

    Carthay School

    Public | KG - 5

Middle Schools 16
  • 8

    Los Angeles Center for Enriched Studies

    Public | 6 - 12

  • 7

    Culver City Middle School

    Public | 6 - 8

  • 6

    New los Angeles Charter

    Public | 6 - 8

  • 6

    John Burroughs Middle School

    Public | 6 - 8

  • 6

    Alliance Ouchi-O'Donovan 6-12 Complex

    Public | 6 - 12

  • 5

    Magnolia Science Academy 6

    Public | 6 - 8

  • 5

    Pico Pico Middle School

    Public | 6 - 8

  • 1

    Audubon Middle School

    Public | 6 - 8

  • 1

    View Park Preparatory Accelerated Charter Middle School

    Public | 6 - 8

  • 1

    Johnnie Cochran Jr. Middle School

    Public | 6 - 8

  • 0

    Angela's Workshop

    Private | 6 - 12

  • 0

    Yeshivat Ohr Chanoch

    Private | 8 - 12

  • 0

    Star Preparatory Academy

    Private | 6 - 12

  • 0

    Urban Village Middle School

    Public | 6 - 8

  • 0

    Marlborough School

    Private | 7 - 12

  • 0

    Frederick Douglass Academy Middle School

    Public | 6 - 8

High Schools 20
  • 8

    Culver City High School

    Public | 9 - 12

  • 7

    Math and Science College Preparatory

    Public | 9 - 12

  • 7

    Frederick Douglass Academy High School

    Public | 9 - 12

  • 6

    Crenshaw Arts-Technology Charter High School

    Public | 9 - 12

  • 5

    Alexander Hamilton High School

    Public | 9 - 12

  • 5

    View Park Preparatory Accelerated High School

    Public | 9 - 12

  • 3

    Los Angeles High School

    Public | 9 - 12

  • 1

    Dorsey High School

    Public | 9 - 12

  • 1

    Crenshaw Magnet High School

    Public | 9 - 12

  • 0

    Yula Boys High School

    Private | 9 - 12

  • 0

    Culver Park High School

    Public | 10 - 12

  • 0

    Cheviot Hills Continuation

    Public | 9 - 12

  • 0

    Yula Girls High School

    Private | 9 - 12

  • 0

    Mesivta Birkas Yitzchok

    Private | 9 - 12

  • 0

    Shalhevet High School

    Private | 9 - 12

  • 0

    Shalhevet School

    Private | 9 - 12

  • 0

    Harkham-Gaon Acadamy

    Private | 9 - 12

  • 0

    Yeshiva Gedolah of los Angeles

    Private | 9 - 12

  • 0

    View Park Continuation

    Public | 9 - 12

  • 0

    Slauson Learning Center 1

    Private | 9 - 12

School and business data provided by Attom Data.

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Carlos Elizalde
Carlos Elizalde

REALTOR® | License ID: 02090487

+1(714) 389-8310

Anaheim, CA, 92805, USA

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