5342 Smiley Dr, Los Angeles, CA 90016
5342 Smiley Dr, Los Angeles, CA 90016
5342 Smiley Dr, Los Angeles, CA 90016
5342 Smiley Dr, Los Angeles, CA 90016
5342 Smiley Dr, Los Angeles, CA 90016
5342 Smiley Dr, Los Angeles, CA 90016
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Chakits Krulsawat

Chakits Krulsawat

+1(702) 319-1092
$ 4,750,000
Est. payment | /mo

0.55 Acres Lot

Save
$ 4,750,000
Est. payment | /mo
Save

0.55 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26829865

Lot Size 0.551 Acres

Acres 0.55

Property Description

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.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD1.5

Exterior

View Y/N No

View None

Building

Sewer In Street

Water District

Schools

School District Los Angeles Unified

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Sotheby's International Realty

Nearby Locations

Chakits Krulsawat
Chakits Krulsawat

Buyer and Sales Specialist | RE. Lic# S.0168764

+1(702) 319-1092 | chakits.k@gmail.com

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5342 Smiley Dr