5338 Smiley Dr

Los Angeles, CA 90016

$6,900,000
Price
24,005 / 0.55
Lot Size / Acres

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,...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.
  1. Listed by Ari Wintraub • DRE #01943483 • Brokerage DRE #01407690 • Sotheby's International Realty

Property Details for 5338 Smiley Drive

Zoning
LARD1.5
Parcel Number
5043016004
Area
Mid Los Angeles (C16)
Lot Size Area
24005
Source Lot Size Area
Assessor
Assessor Parcel Number
5043-016-004
Directions
10 West Exit La Brea. Left on La Brea Right on W Adams. Left on Hauser Left on Smiley
Map Coordinate
-118.361193, 34.028451
LISTING UPDATED: 10/23/2025 11:21 AM

Property Details for 5338 Smiley Drive

StatusActive
MLS #25513931
Days on Market265
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.55 AC
CountyLos Angeles County

Location

Listing Courtesy of Sotheby's International Realty, Ari Wintraub, DRE #01943483
Add your commute

Building Information for 5338 Smiley Drive

Lot Size0.55 AC

Payment Calculator

$35,914 per month

30 year fixed, 6.28% Interest

Principal and Interest

$34,095

Property Taxes

$1,819

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5338 Smiley Drive

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
  • Water: District
  • Sewer: In Street
Contract Info
Contract Info
  • Disclosures: Rendering, As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Special Zoning: None
  • Lot Acreage: 0.55
  • Lot Size Square Feet: 24005
  • Lot Size Dimensions: 80x120
  • Source Lot Size Dimensions: Vendor Enhanced
  • Telephone: 1.0
  • Telephone Service: In Street
  • Cable: 1.0
  • Electric: In Street
  • Gas: In Street
  • Current Geological: Yes
  • Reports On File: Topography Report, Survey, Soils Report, Plans
  • Topography: Flat
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
  • Water Table Depth: 12.5
Lease Terms
Lease Terms
  • Entry Date: 04-02-2025

Property History for 5338 Smiley Drive

DateEvent & SourcePriceAppreciation
Nov 17, 2025

Hold

SDMLS #25513931

—
Oct 23, 2025

Price Change

CRMLS #25513931

$6,900,000—
Oct 23, 2025

Price Change

CLAW #25513931

$6,900,000—
Apr 2, 2025

Listed (Active)

CLAW #25513931

$7,900,000—
Apr 2, 2025

Listed (Active)

CRMLS #25513931

$7,900,000—
Apr 2, 2025

Listed (Active)

SDMLS #25513931

$7,900,000—
Nov 20, 2019

Sold

CLAW #19-518600

$1,600,000—
Nov 20, 2019

Sold

CRMLS #19518600

$1,600,000—
Oct 25, 2019

Pending

CLAW #19-518600

—
Oct 25, 2019

Pending

CRMLS #19518600

—
Oct 5, 2019

Listed (Active)

CLAW #19-518600

$1,499,000—
Oct 5, 2019

Listed (Active)

CRMLS #19518600

$1,499,000—
Aug 9, 2018

Sold

CRMLS #18358196

$1,373,000—
Aug 9, 2018

Sold

CLAW #18-358196

$1,373,000—
Jul 12, 2018

Sold (Public Record)

Public Record #627731718

$1,373,000—
Jul 5, 2018

Pending

CLAW #18-358196

—
Jul 5, 2018

Pending

CRMLS #18358196

—
Jul 5, 2018

Listed (Active)

CLAW #18-358196

$649,000—
Jun 25, 2018

Listed (Active)

CRMLS #18358196

$649,000—
DateEvent & SourcePrice
11/17/2025

Hold

SDMLS #25513931

—
10/23/2025

Price Change

CRMLS #25513931

$6,900,000
10/23/2025

Price Change

CLAW #25513931

$6,900,000
04/02/2025

Listed (Active)

CLAW #25513931

$7,900,000
04/02/2025

Listed (Active)

CRMLS #25513931

$7,900,000
04/02/2025

Listed (Active)

SDMLS #25513931

$7,900,000
11/20/2019

Sold

CLAW #19-518600

$1,600,000
11/20/2019

Sold

CRMLS #19518600

$1,600,000
10/25/2019

Pending

CLAW #19-518600

—
10/25/2019

Pending

CRMLS #19518600

—
10/05/2019

Listed (Active)

CLAW #19-518600

$1,499,000
10/05/2019

Listed (Active)

CRMLS #19518600

$1,499,000
08/09/2018

Sold

CRMLS #18358196

$1,373,000
08/09/2018

Sold

CLAW #18-358196

$1,373,000
07/12/2018

Sold (Public Record)

Public Record #627731718

$1,373,000
07/05/2018

Pending

CLAW #18-358196

—
07/05/2018

Pending

CRMLS #18358196

—
07/05/2018

Listed (Active)

CLAW #18-358196

$649,000
06/25/2018

Listed (Active)

CRMLS #18358196

$649,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5338 Smiley Drive

Taxable ValueLand$1,813,073Additions-Total$1,813,073
Tax Record2025$21,828 ($1,819 / month)
Home Facts
Beds2Total Finished SqFt727 SqFtAbove Grade Finished SqFt727 SqFtStories1Lot Size9,601 SqFtStyleSingle Family ResidenceYear Built1920ZoningLARD1.5CountyLOS ANGELESAPN5043-016-004

Schools near 5338 Smiley Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Marvin Elementary School
Public - K to 5
Daniel Webster Middle School
Public - 6 to 8
Susan Miller Dorsey Senior High School
Public - 9 to 12
Hilda L. Solis Learning Academy School Of Technology, Business And Education
Public - 9 to 12
Rating
School
Distance
Marvin Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

Hilda L. Solis Learning Academy School Of Technology, Business And Education
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5338 Smiley Drive, Los Angeles, CA 90016

5338 Smiley Drive is a 0.55 ac of land for sale in Los Angeles, CA 90016. This property was listed for sale on April 2, 2025 by Sotheby's International Realty, it's currently listed at $6,900,000. It has been on the market for a total of 265 days and was last sold on November 20, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Marvin Elementary School, Daniel Webster Middle School and Susan Miller Dorsey Senior High School. 5338 Smiley Drive is a 0-bed, 0-bath, 0.55 ac of land on a 24,005 sq. ft. / 0.55 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sotheby's International Realty, Ari Wintraub, DRE #01943483

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.