5338 Smiley Drive, Los Angeles, CA 90016 - Berkshire Hathaway HomeServices California Properties
5338 Smiley Drive Los Angeles, CA 90016
$7,900,000 0 beds, 0 baths
0 sqft

Agent Remarks

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 Details

Property type: (Lots/Land)
Status: Active
MLS# 25513931
List price is $7,900,000
Beds: 0
Baths: 0
0.55 acres
Lot size: 0.5511
County: Los Angeles
Zoning: LARD1.5
Lot description: Flat
MLS area: C16 - Mid Los Angeles

Last Updated: 4/10/2025

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.028451, -118.361193.
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Listing Agent: Ari Wintraub
Lic#: 01234982
Office Name: Mission Viejo

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