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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 950,000

Est. payment | -/mo

2 Beds

1 Bath

817 SqFt

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$ 950,000

Est. payment | -/mo

Save

2 Beds

1 Bath

817 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 817 sqft

Price per Sqft $1,162

MLS Listing ID 26830009

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1947

Lot Size 4,800 Sqft

Property Sub-Type Single Family Residence

Property Description

Located in a premier Opportunity Zone in the heart of West Adams, this LARD1.5-zoned parcel offers a rare, SB 8-exempt, and non-rent-controlled development opportunity with a streamlined path to market-rate construction. This is only for Lot 2, as seen in photos, provides an opportunity to build a "by-right" triplex, plus the addition of an ADU yields a fourplex in one of the nation's fastest-growing sub-markets. Capitalize on the immense demand from expanding nearby offices for Apple, Amazon Studios, and HBO. Future residents will enjoy easy access to Whole Foods, Mizlala, the newly opened Maydan Market, and all the trendy destinations along Adams Blvd. The site is uniquely positioned as a standalone project or as part of a strategic five-lot assembly totaling a half-acre with plans for 16 small-lot homes. Unlike many central LA developments, this project requires no low-income set-asides or replacement units, allowing for 100% market-rate rental or sales potential. This is an ideal acquisition for developers seeking a high-margin exit or a stable, long-term hold in Los Angeles' most dynamic growth hub.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating None

Cooling None

Flooring Tile

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Laundry None

Exterior

Parking Features Driveway

Pool None

View Y/N No

View None

Private Pool No

Building

Entry Level One

Architectural Style Traditional

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5043016003

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Ari Wintraub Sotheby's International Realty #01943483

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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5330 Smiley DR Los Angeles, CA 90016