$1,050,000
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 four 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.
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Listed by Lauren Cearley with Myunits.com Inc. (844) 698-6487
Property Type
Land
Status
Active
MLS Number
BB26018313
Year Built
N/A
Lot Size
4,800 sq ft