5338 Smiley Drive, Los Angeles, CA 90016
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
5338 Smiley Drive,Los Angeles, CA 90016
$6,900,000
- 0.55 Acres
- Lots / Land
- Active
Listed by: ari wintraub
Office: sotheby's international realty
MLS#:CL25513931
Source:CA_BRIDGEMLS
Price summary
- Price:$6,900,000
About this home
Just Reduced by $1,000,000. Exceptional opportunity to acquire a fully entitled, Ready-to-Issue (RTI) Small Lot Development site in the heart of West Adams, approved for 16 single-family homes across approximately 24,000 SF on five standard lots. Plans call for large, ~2,500 SF architecturally designed homes featuring rooftop decks and modern elevations. The project offers a major head start, with RTI delivery allowing for immediate construction start, and the DWP Tract design process already underway, enabling the buyer to install underground power improvements before vertical construction beginsan advantage that typically saves 912+ months and helps avoid costly Certificate of Occupancy delays later in development. Distinct from traditional multifamily projects, this opportunity combines the efficiency and scale of multifamily construction with the flexibility and upside of individual for-sale homesa smart strategy in today's economic and political climate where rental markets face headwinds. Located within a designated Opportunity Zone, the project allows long-term investors to capture significant tax benefits, while benefiting from the ongoing growth and revitalization of West Adams, one of Los Angeles' fastest-emerging creative corridors. Surrounded by popular neighborhood amenities such as Mizlala, MIAN, Farmhouse Kitchen, Tartine, Whole Foods, and the just opened Maydan Market. Moments away from the La Cienega/Jefferson Expo Line station, the site is ideal for transit-oriented, market-rate development, with neighboring homes selling in the mid 1M's. The property carries no low-income housing requirements, offering maximum flexibility for both short- and long-term exit strategies. Includes these three additional parcels: 5043-016-002, 5043-016-003, and 5043-016-005.
Contact an agent
Home facts
- Listing ID #:CL25513931
- Added:295 day(s) ago
- Updated:January 23, 2026 at 03:47 PM
Structure and exterior
- Lot area:0.55 Acres
Finances and disclosures
- Price:$6,900,000
New listings near 5338 Smiley Drive
- New
$3,549,000Active2 beds 3 baths10601 Wilshire Boulevard #1603, Los Angeles, CA 90024
MLS# 26640023Listed by: ELITE PROPERTIES REALTY - New
$989,000Active6 beds 3 baths2,280 sq. ft.211 S Burlington Avenue, Los Angeles, CA 90057
MLS# 26642101Listed by: COMPASS - New
$448,000Active1 beds 1 baths621 sq. ft.4260 4260 Via Arbolada #206, Los Angeles, CA 90042
MLS# PW26016053Listed by: FIRST TEAM REAL ESTATE - New
$799,999Active2 beds 1 baths1,038 sq. ft.9817 Commerce, Tujunga, CA 91042
MLS# SR26009735Listed by: KELLER WILLIAMS LUXURY - New
$600,000Active3 beds 3 baths1,667 sq. ft.8341 De Soto, Canoga Park, CA 91304
MLS# SR26016558Listed by: BRIGHTSTONE ESTATE PROPERTIES - Open Sun, 1 to 4pmNew
$999,000Active4 beds 2 baths1,653 sq. ft.5746 Mcdonie Avenue, Woodland Hills, CA 91367
MLS# SR26016211Listed by: RODEO REALTY - Open Sat, 1 to 4pmNew
$879,000Active3 beds 2 baths1,290 sq. ft.7746 Mclaren, West Hills, CA 91304
MLS# SR26016478Listed by: RODEO REALTY - New
$499,000Active3 beds 1 baths996 sq. ft.8301 Elm, Los Angeles, CA 90001
MLS# DW26016520Listed by: CENTURY 21 REALTY MASTERS - New
$785,000Active-- beds -- baths1,825 sq. ft.3443 3445 9th Avenue, Los Angeles, CA 90018
MLS# V1-34281Listed by: EXP REALTY OF CALIFORNIA INC - New
$3,895,000Active6 beds 7 baths4,926 sq. ft.813 N Spaulding Avenue, Los Angeles, CA 90046
MLS# 26642147Listed by: THE BEVERLY HILLS ESTATES
© 2026 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.