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5342 Smiley Drive, Los Angeles, CA 90016

Los Angeles
Local realty services provided by:CENTURY 21 Sierra Properties
5342 Smiley Drive,Los Angeles, CA 90016
$4,750,000
  • 0.55 Acres
  • Lots / Land
  • Active
Listed by: ari wintraub
Office: sotheby's international realty
MLS#:CL26829865
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$4,750,000

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 #:CL26829865
  • Added:175 day(s) ago
  • Updated:October 28, 2026 at 03:05 PM

Structure and exterior

  • Lot area:0.55 Acres
  • Architectural Style:Unimproved Land

Utilities

  • Water:Public

Finances and disclosures

  • Price:$4,750,000
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at October 28, 2026 CA_BRIDGEMLS Member Broker: Jesse Gibbs

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