5338 Smiley Drive, Los Angeles, CA 90016

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
5338 Smiley Drive,Los Angeles, CA 90016
$5,950,000
  • 0.55 Acres
  • Lots / Land
  • Active
Listed by: ari wintraub
Office: sotheby's international realty
MLS#:25513931
Source:CRMLS

Price summary

  • Price:$5,950,000

About this home

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...

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Home facts

  • Listing ID #:25513931
  • Added:368 day(s) ago
  • Updated:April 05, 2026 at 10:44 AM

Structure and exterior

  • Lot area:0.55 Acres
  • Lot Features:Flat

Utilities

  • Water:Public

Finances and disclosures

  • Price:$5,950,000
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