Land for Sale in Los Angeles, California

5342 Smiley Drive, Los Angeles, California 90016, US

$ 4,750,000

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

  • Price: $ 4,750,000
  • MLS ID: 26829865
  • Property Type: Land
  • WEB ID: PR03599809
  • Property Status: Active Under Contract
  • Lot Size: 24,005sqft
  •  Land for Sale in Los Angeles, California
  •  Land for Sale in Los Angeles, California
  •  Land for Sale in Los Angeles, California
  •  Land for Sale in Los Angeles, California
  •  Land for Sale in Los Angeles, California
  •  Land for Sale in Los Angeles, California
  •  Land for Sale in Los Angeles, California
  •  Land for Sale in Los Angeles, California
  •  Land for Sale in Los Angeles, California
  •  Land for Sale in Los Angeles, California
  •  Land for Sale in Los Angeles, California

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

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  • Price: $ 4,750,000
  • MLS ID: 26829865
  • Property Type: Land
  • WEB ID: PR03599809
  • Property Status: Active Under Contract
  • Lot Size: 24,005sqft
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.

Additional Features

  • None
  • Listing Status: Active Under Contract
  • Listing Agent: Ari Wintraub (lic# 01943483) of Beverly Hills/Greater LA
  • Listing Office: Sotheby's International Realty (lic# 00899496)
  • Based on information from CRISNet MLS as of 5th August 2026 at 1:25pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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