5330 Smiley Drive

Property Overview

Located in a premier Opportunity Zone in the heart of West Adams, this LARD1.5-zoned parcel offers a rare, SB 8-exempt, and non-rent-controlled development opportunity with a streamlined path to market-rate construction. This is only for Lot 2, as seen in photos, provides an opportunity to build a "by-right" triplex, plus the addition of an ADU yields a fourplex in one of the nation's fastest-growing sub-markets. Capitalize on the immense demand from expanding nearby offices for Apple, Amazon Studios, and HBO. Future residents will enjoy easy access to Whole Foods, Mizlala, the newly opened Maydan Market, and all the trendy destinations along Adams Blvd. The site is uniquely positioned as a standalone project or as part of a strategic five-lot assembly totaling a half-acre with plans for 16 small-lot homes. Unlike many central LA developments, this project requires no low-income set-asides or replacement units, allowing for 100% market-rate rental or sales potential. This is an ideal acquisition for developers seeking a high-margin exit or a stable, long-term hold in Los Angeles' most dynamic growth hub.

Home Details

Property type: Residential - Single Family Residence
Year built: 1947
Living area: 817 sq ft
Lot size: 4,800 sq ft
Days on market: 118
Full bathrooms: 1
MLS status: Active
Architectural style: Traditional
Zoning: LARD1.5

Features & Amenities

Parking

Driveway

Pool

None

Community, Schools & Utilities

Community

View: None

Utilities

Heating: None
Cooling: None

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Location & Neighborhood

Los Angeles, CA 90016

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Frequently Asked Questions About 5330 Smiley Drive

Property type: Residential

The current asking price is $950,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 5330 Smiley Drive. Our team will confirm availability and timing.

This 2 bedrooms and 1 bathroom property offers approximately 817 square feet of living space. It was built in 1947. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 118 days. Status can change, so verify availability before relying on it.