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 for only Lot 1, 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.
Property Details
Price:
$950,000
MLS #:
26829999
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c16midlosangeles
Listed Date:
May 15, 2026
Finished Sq Ft:
872
Total Sq Ft:
872
Lot Size:
4,802 sqft / 0.11 acres (approx)
Year Built:
1924
See this Listing
Schools
Interior
Bathrooms
1 Full Bathroom
Cooling
NO
Flooring
TILE
Heating
WL
Laundry Features
NO
Levels
A
Exterior
Architectural Style
TRD
Common Walls
NCW
Spa Features
NO
View
NO
Financial
Map
Community
- Address5326 Smiley DR Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of May 15, 2026
7,168
Single Family Listed
83
Avg DOM
433
Avg $ / SqFt
$1,718,312
Avg List Price
Property Summary
- 5326 Smiley DR Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90016. It is listed for $950,000 and features 2 beds, 1 baths, and has approximately 872 square feet of living space, and was originally constructed in 1924. The current price per square foot is $1,089. The average price per square foot for Single Family listings in Los Angeles is $433. The average listing price for Single Family in Los Angeles is $1,718,312.
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