Properties

Los Angeles, CA 90016 5338 Smiley Drive

5338 Smiley Drive Los Angeles, CA - Image 15338 Smiley Drive Los Angeles, CA - Image 25338 Smiley Drive Los Angeles, CA - Image 3
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5338 Smiley Drive Los Angeles, CA - Image 45338 Smiley Drive Los Angeles, CA - Image 55338 Smiley Drive Los Angeles, CA - Image 65338 Smiley Drive Los Angeles, CA - Image 75338 Smiley Drive Los Angeles, CA - Image 85338 Smiley Drive Los Angeles, CA - Image 95338 Smiley Drive Los Angeles, CA - Image 10
Presented By: Ari Wintraub with Sotheby's International Realty;
  • MLS# 25513931
  • 04/02/2025
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Home Details

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 begins, as advantage that typically saves 12+ 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 homes and 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.
Presented By: Ari Wintraub with Sotheby's International Realty;

Interior Features for 5338 Smiley Drive

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths

General for 5338 Smiley Drive

CityLos Angeles
CountyLos Angeles
Directions10 West Exit La Brea. Left on La Brea Right on W Adams. Left on Hauser Left on Smiley
Full Baths
HOANo
High School DistrictLos Angeles Unified
Lot Size Square Feet24005
Lot Size UnitsSquare Feet
MLS AreaC16 - Mid Los Angeles
New ConstructionNo
PostalCityLOS ANGELES
Property TypeLand
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
TopographyLevel
ViewNone
ZoningLARD1.5

Exterior for 5338 Smiley Drive

Lot Dimensions80x120
Lot FeaturesFlat
Lot Size Acres0.5511
Lot Size Area24005
Lot Size SourceAssessor
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools

Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $5,950,000
MLS#25513931
List Date 04/02/2025
Property Type Land
Phone 888.795.6274
Get pre-approved
Request Tour
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