5338 Smiley Drive, Los Angeles, CA 90016

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
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#:25513931
Source:CRMLS

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:

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Home facts

  • Listing ID #:25513931
  • Added:183 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Structure and exterior

  • Lot area:0.55 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$7,900,000
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