5342 Smiley Drive
Los Angeles, CA 90016
24,005Sqft(Lot)
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 f
Property Details
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Map
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Features
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Bathroom Information
Total Baths: 0 Full Baths: 0 Half Baths: 0Water/Sewer
Water Source: Public Sewer: Other
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.5511 Lot Size Dimensions: 80x120 -
Lot Size Source: Assessor Lot Size Square Feet: 24005
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Listing Price Information
Original List Price: 4,750,000 Listing Contract Date: 2026-05-05 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5043016004
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Other Property Info
Source Listing Status: Active Source Neighborhood: C16 - Mid Los Angeles Postal Code Plus 4: 3308 Directions: 10 West Exit La Brea. Left on La Brea Right on W Adams. Left on Hauser Left on Smiley Zoning: LARD1.5 Source Property Type: Land Area: C16 - Mid Los Angeles
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1946 Hillcrest, Los Angeles, CA, 90016 | $949,000 | -- | -- | -- | 6,601 Sqft(Lot) |
| 2303 S Palm Grove Drive, Los Angeles, CA, 90016 | $349,999 | -- | -- | -- | 4,374 Sqft(Lot) |
| 4120 W Jefferson Boulev.., Los Angeles, CA, 90016 | $1,249,000 | -- | -- | -- | 5,490 Sqft(Lot) |
| 5062 W Washington Boule.., Los Angeles, CA, 90016 | $1,650,000 | -- | -- | -- | 8,452 Sqft(Lot) |
| 2637 S Longwood Avenue, Los Angeles, CA, 90016 | $1,025,000 | -- | -- | -- | 5,099 Sqft(Lot) |
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ByOwner last updated this listing 06/09/2026 @ 10:42
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