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5338 Smiley Drive, Los Angeles, CA 90016
Priced at Only: $5,950,000
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Address: 5338 Smiley Drive, Los Angeles, CA 90016
Property Location and Similar Properties
- MLS#: 25513931 ( )
- Street Address: 5338 Smiley Drive
- Viewed: 3
- Price: $5,950,000
- Price sqft: $0
- Waterfront: No
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 347
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90016
- Provided by: Sotheby's International Realty
- Contact: Ari Ari

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DescriptionFully 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.
Features
Country
- US
Parcel Number
- 5043016004
Postalcodeplus4
- 3308
Sewer
- Other
Topography
- Flat
View
- None
Water Source
- Public
Water Table Depth
- 12
Zoning
- LARD1.5
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com















