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OJ Rodriguez

oj@c21citrus.com +1(626) 523-3193

$ 6,900,000

Est. payment -/mo

Save

Active

5338 Smiley DR Los Angeles, CA 90016

0.55 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25513931

HOA Y/N No

Lot Size 0.551 Acres

Property Description

Just Reduced by $1,000,000. Exceptional opportunity to acquire a 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 beginsan advantage that typically saves 912+ 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 homesa 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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

Lot Description Flat

Sewer Other

Water Public

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5043016004

Special Listing Condition Standard

Listed by Ari Wintraub Sotheby's International Realty

SCHOOLSPROPERTIES

Elementary Schools 20

10

El Marino Elementary School

Public | KG - 5
10

Farragut Elementary School

Public | KG - 5
9

Beverly Vista School

Public | KG - 8
9

Canfield Avenue Elementary School

Public | KG - 5
9

Horace Mann School

Public | KG - 8
8

Castle Heights Elementary School

Public | KG - 5
8

El Rincon

Public | KG - 5
8

Hancock Park Elementary

Public | KG - 5
8

3rd Street Elementary School

Public | KG - 5
8

Queen Anne Place Elementary School

Public | KG - 5
7

Linwood E. Howe Elementary School

Public | KG - 5
7

Baldwin Hills Elementary School

Public | KG - 5
7

New Heights Charter

Public | KG - 8
6

Marvin Avenue Elementary

Public | KG - 5
6

Cienega Elementary School

Public | KG - 5
6

Wilshire Park Elementary

Public | KG - 5
5

Shenandoah Street Elementary School

Public | KG - 5
5

City Charter Elementary School

Public | KG - 5
5

Celerity Nascent Charter

Public | KG - 8
4

Crescent Heights Blvd School

Public | KG - 5

Middle Schools 16

8

Los Angeles Center for Enriched Studies

Public | 6 - 12
7

Culver City Middle School

Public | 6 - 8
6

New los Angeles Charter

Public | 6 - 8
6

John Burroughs Middle School

Public | 6 - 8
6

Alliance Ouchi-O'Donovan 6-12 Complex

Public | 6 - 12
5

Magnolia Science Academy 6

Public | 6 - 8
5

Pico Pico Middle School

Public | 6 - 8
1

Audubon Middle School

Public | 6 - 8
1

View Park Preparatory Accelerated Charter Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
0

Angela's Workshop

Private | 6 - 12
0

Yeshivat Ohr Chanoch

Private | 8 - 12
0

Star Preparatory Academy

Private | 6 - 12
0

Urban Village Middle School

Public | 6 - 8
0

Marlborough School

Private | 7 - 12
0

Frederick Douglass Academy Middle School

Public | 6 - 8

High Schools 20

8

Culver City High School

Public | 9 - 12
7

Math and Science College Preparatory

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
6

Crenshaw Arts-Technology Charter High School

Public | 9 - 12
5

Alexander Hamilton High School

Public | 9 - 12
5

View Park Preparatory Accelerated High School

Public | 9 - 12
3

Los Angeles High School

Public | 9 - 12
1

Dorsey High School

Public | 9 - 12
1

Crenshaw Magnet High School

Public | 9 - 12
0

Yula Boys High School

Private | 9 - 12
0

Culver Park High School

Public | 10 - 12
0

Cheviot Hills Continuation

Public | 9 - 12
0

Yula Girls High School

Private | 9 - 12
0

Mesivta Birkas Yitzchok

Private | 9 - 12
0

Shalhevet High School

Private | 9 - 12
0

Shalhevet School

Private | 9 - 12
0

Harkham-Gaon Acadamy

Private | 9 - 12
0

Yeshiva Gedolah of los Angeles

Private | 9 - 12
0

View Park Continuation

Public | 9 - 12
0

Slauson Learning Center 1

Private | 9 - 12

School and business data provided by Attom Data.

OJ Rodriguez

Broker

+1(626) 523-3193

OJ Rodriguez

5338 Smiley DR Los Angeles, CA 90016

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5338 Smiley DR