5342 Smiley Drive, Los Angeles, CA 90016
5342 Smiley Drive, Los Angeles, CA 90016
5342 Smiley Drive, Los Angeles, CA 90016
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$4,750,000
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0.55 Acres Lot
Pending

5342 Smiley Drive Los Angeles, CA 90016

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Grant Inaba

Grant Inaba

+1(415) 992-2330

UPDATED:

Key Details

Property Type Land

Sub Type Unimproved Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CL26829865

HOA Y/N No

Lot Size 0.551 Acres

Acres 0.5511

Property Sub-Type Unimproved Land

Property Description

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 project allows long-term investors to capture significant tax benefits, while benefiting from the ongoing growth and revitalization of West Adams, one of Los Angeles' fastest-emerging creative corridors. Surrounded by popular neighborhood amenities such as Mizlala, MIAN, Farmhouse Kitchen, Tartine, Whole Foods, and the just opened Maydan Market. Moments away from the La Cienega/Jefferson Expo Line station, the site is ideal for transit-oriented, market-rate development, with neighboring homes selling in the mid 1M's. The property carries no low-income housing requirements, offering maximum flexibility for both short- and long-term exit strategies. Includes these three additional parcels: 5043-016-002, 5043-016-003, and 5043-016-005.

Location

State CA

County Los Angeles

Zoning LARD1.5

Interior

Fireplace No

Exterior

View Y/N false

View None

Building

Water Public, Other

New Construction No

Others

Tax ID 5043016004

Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Ari Wintraub • Sotheby's International Realty

NEARBY SCHOOL & BUSINESS

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Grant Inaba

Grant Inaba

Agent License ID: 01905199

+1(415) 992-2330

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5342 Smiley Drive

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