5338 Smiley Drive 5043016004
Los Angeles, CA, 90016
$7,900,000
Beds
0 Baths
SqFt
0.55 Acres
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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
LISTING AGENT: Ari Wintraub
LISTING BROKERAGE: Sotheby’s International Realty
5338 Smiley Drive 5043016004
Los Angeles, CA

Property Details

Price:
$7,900,000
MLS #:
25513931
Status:
Active
Baths:
0
Address:
5338 Smiley Drive 5043016004
Type:
Land
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Apr 2, 2025
State:
CA
ZIP:
90016
Lot Size:
24,005 sqft / 0.55 acres (approx)
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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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