Check Availability
$4,750,000
● Land - For Sale

5342 Smiley Drive

Los Angeles, CA 90016
bedrooms
Studio
bathrooms
0 Bath
$23,324
Est. Monthly

About This Property

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.
Unit Size
-
Days on Market
166 days
Land Size
0.55 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1922

Listed By

Ari Wintraub
Sotheby's International Realty

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Last updated: 18 days ago (CLAW #26829865)

Price History

Date / Event Date Event Price
Oct 1, 2026 Relisted $4,750,000
Relisted
Jul 7, 2026 In contract -
In contract
May 5, 2026 Listed by Sotheby's International Realty $4,750,000
Listed by Sotheby's International Realty

Property Highlights

Exterior Details
Lot Features: Flat
Lot Size Area: 24005
Lot Size Units: Square Feet
Lot Size Acres: 0.5511
Lot Size Square Feet: 24005
Lot Size Dimensions: 80x120
Water Source: Public
Utilities Details
Sewer : Other

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 7
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,799
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,096
  • Building Area: 1,096
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 1,096
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DURAY PLACE
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: DU RAY PLACE LOT/SEC 256

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 219901

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 42-F5
  • Parcel: 5043-016-005
  • Lot: 256
  • Municipality: WEST /ADAMS/CRENSHAW
  • Latitude: 34.0284
  • Longitude: -118.361

    Address

  • Full Address: 5342 Smiley Dr
  • Address - House Number: 5342
  • Address - Street Name: Smiley
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C043
  • 4-Digit Zip Code: 3308
  • Zip Code: 90016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $983,985
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2178
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 70
  • Final Value: 1,108,678
  • High Value: 1,350,222
  • Low Value: 867,135

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $840,941
  • Assessed Land Value: $630,706
  • Assessed Improvements Value: $210,235

    Sales

  • Current Sale Contract Date: Nov 05, 2019
  • Current Sale Recording Date: Nov 20, 2019
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 19-1271380
  • Previous Sale Recording Date: Aug 09, 2018
  • Previous Sale Contract Date: Jul 12, 2018
  • Previous Sale Amount: $729,000
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 5342 Smiley Drive built and last sold?
The property at 5342 Smiley Drive was built in 1922 and last sold on Nov 5, 2019 for $2,400,000.
How much is this home worth?
The estimated value of the home located at 5342 Smiley Drive is $4,797,500.
What are some comparable homes to 5342 Smiley Drive?
There are currently no comparable homes to 5342 Smiley Drive.