5338 Smiley Drive, Los Angeles, CA 90016

Local realty services provided by:ERA North Orange County Real Estate
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#:25513931
Source:CRMLS

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

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Home facts

  • Listing ID #:25513931
  • Added:226 day(s) ago
  • Updated:November 15, 2025 at 03:20 PM

Structure and exterior

  • Lot area:0.55 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$6,900,000
Based on information from California Regional Multiple Listing Service, Inc. as of November 15, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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