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
What's Nearby
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Features
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Lot Information
Lot Dimensions: 80x120 Main Square Feet: 24005 Lot Size Acres: 0.5511 Lot Size Source: Assessor Lot Size Square Feet: 24,005 Lot Description: Flat
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Listing Price Information
Listing Price: $4750000
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Tax Information
Parcel Number: 5043016004
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Location Information
Direction: 10 West Exit La Brea. Left on La Brea Right on W Adams. Left on Hauser Left on Smiley WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2303 S Palm Grove Drive, Los Angeles, CA, 90016 | $349,999 | -- | -- | -- | 4,374 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 07/28/2026 @ 22:46
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