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
$7,900,000
- 0.55 Acres
- Lots / Land
- Active
Listed by:ari wintraub
Office:sotheby's international realty
MLS#:CL25513931
Source:CA_BRIDGEMLS
Price summary
- Price:$7,900,000
About this home
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
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Home facts
- Listing ID #:CL25513931
- Added:188 day(s) ago
- Updated:October 03, 2025 at 02:42 PM
Rooms and interior
- Living area:24,005 sq. ft.
Structure and exterior
- Building area:24,005 sq. ft.
- Lot area:0.55 Acres
Finances and disclosures
- Price:$7,900,000
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