5410 Smiley Dr, West Adams
4,800 SF RTI Lot in Trendy West Adams | Plans for 4-Units | Opp. Zone, Non RSO & SB-8 Exempt
RTI fourplex development in prime West Adams located in an Opportunity Zone and SB 8 exempt, offering non rent controlled construction with no relocation or replacement unit requirements. Plans include five multi level townhome units with private baths, in unit laundry and parking. A $900K GC bid provides clear hard costs and a defined path to completion. Surrounded by major employers and top dining, this site delivers high demand, long term stability and strong return potential for developers.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$1,100,000
Land
Off-Market
0
N/A
N/A
N/A
N/A
N/A
4,800 sqft
$229.16
N/A
N/A
Yes
N/A
No
Other Features:
Opportunity Zone, SB-8 Exempt, Non-Rent Controlled, Flat, LAD1.5 Zoned Lot, Vacant- No Relocation Fees!
The Highlights
No rent control on the future project!
SB-8 EXEMPT!
Delivered RTI!!! Get ready to build ASAP.
Opprotunity Zone, major tax benefits (consult CPA).
Large (4,800 SF) flat lot, ideal for a new construction project.
Expertly designed plans using all wood that will be cost-effective to build.
Large bedrooms with oversized and/or double closets in some rooms.
No relocations needed! Non-tenant occupied!
Located steps from countless trendy restaurants, shops and mixed-use developments such as Highly Likely, the Culver Steps, Platform and the soon-to-be Maydan Market (food hall) that incxludes Michelin Star connected restaurant Compass Rose!
A mix of large 4,3, and 2 bedroom units, meaning maximum income.
New construction in this neighborhood commands premium rents and high resale value.
High- demand rental market, attracting entertainment industry professionals, young creatives, and commuters.
The Neighborhood
<15-Minute Walk
Cento, Chulita, Highly likely, Alta, Open Face Food Shop, Tartine West Adams, Mecca Mid-City, Mian, Genesee Avenue Park, Delicious Pizza, The Gathering Spot LA, Martin Avenue Elementary School, Cliffs of Id, Bee Taqueria
<15-Minute Drive
The Culver Steps, Ivy Station, Amazon Studios, Sony Pictures, Cognoscenti Coffee, Pasta Sisters, Father's Office, Kaiser Permanente, The Grove, The Farmer's Market, Mandrake, Target, Midtown Shopping Center
<$15 Uber Ride
Downtown Culver City, Beverly Center, Cedars Sinai, Trader Joes, Equinox, LACMA, The Culver Hotel, El Rey Theatre, The Mint, Public School, Rodeo Drive, Wilshire Country Club, Larchmont Village
Property Presented By:
