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5338 Smiley Dr - Smiley Drive Small Lot Development 0.55 Acres of Commercial Land Offered at $7,900,000 in Los Angeles, CA 90016
INVESTMENT HIGHLIGHTS
- FULLY ENTITLED: Ready to Issue (RTI) Development
- PRIME LOCATION: Close to the La Cienega Expo Light Rail Line and West Adams’ growing amenities and Culver City adjacent
- BUILD & HOLD FLEXIBILITY: No low-income rental unit requirements
EXECUTIVE SUMMARY
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $7,900,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.55 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 - Residential | ||
| Price | $7,900,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.55 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Residential |
1 LOT AVAILABLE
Lot
| Price | $7,900,000 | Lot Size | 0.55 AC |
| Price Per AC | $14,338,504.88 |
| Price | $7,900,000 |
| Price Per AC | $14,338,504.88 |
| Lot Size | 0.55 AC |
Great opportunity to acquire a fully entitled, ready-to-issue (RTI) Small Lot Development site in the heart of West Adams. Spanning 24,000 SF across five standard lots. The RTI plans are for 16 modern Small Lot Homes.
DESCRIPTION
Great opportunity to acquire a fully entitled, ready-to-issue (RTI) Small Lot Development site in the heart of West Adams. 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). 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.
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5338 Smiley Dr - Smiley Drive Small Lot Development
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