- $7.9M Price
- .55 Acres
- 183 DOM
5338 Smiley Drive
Great opportunity to acquire a fully entitled, ready-to-issue (RTI) Small Lot Development site in the heart of West Adams to build 16 SFR homes. 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), with elevated architecture and rooftop decks. 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. Includes these three additional parcels: 5043-016-002, 5043-016-003, 5043-016-005
Essential Information
- MLS® #25513931
- Price$7,900,000
- Bathrooms0.00
- Acres0.55
- TypeLand
- StatusActive
Community Information
- Address5338 Smiley Drive
- AreaC16 - Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
Amenities
- ViewNone
Exterior
- Lot DescriptionFlat
School Information
- DistrictLos Angeles Unified
Additional Information
- Date ListedApril 2nd, 2025
- Days on Market183
- ZoningLARD1.5
Listing Details
- AgentAri Wintraub
- OfficeSotheby's International Realty
Ari Wintraub, Sotheby's International Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of October 2nd, 2025 at 5:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.