Override the default UnityEventDrawer to draw a very small version when there are no callbacks.

CollapsableEventDrawer.cs

using System.Collections.Generic;
using System.Reflection;
using UnityEditor;
using UnityEditorInternal;
using UnityEngine;
using UnityEngine.Events;

[CustomPropertyDrawer(typeof(UnityEvent))]
public class CollapsableEventDrawer : UnityEventDrawer
{
    private class Styles
    {
        public readonly GUIStyle preButton = "RL FooterButton";
        public GUIContent iconToolbarPlus = EditorGUIUtility.IconContent("Toolbar Plus", "|Add to list");
    }

    private const string CALLS_PROPERTY_PATH = "m_PersistentCalls.m_Calls";
    private const string GET_STATE_METHOD_NAME = "GetState";
    private const string REORDERABLE_LIST_FIELD_NAME = "m_ReorderableList";
    private const float BUTTON_WIDTH = 30;
    private const float BUTTON_SPACING = 30;
    private static readonly BindingFlags NON_PULIC_INSTANCE_FLAGS = BindingFlags.NonPublic | BindingFlags.Instance;
    

    // Points the field inside Sate which has the reorderable list. 
    private static FieldInfo _stateReorderableListFieldInfo;
    // Points to the GetState method defined in UnityEventDrawer. 
    private static MethodInfo _getStateMethod;
    // Cached array for using reflection 
    private static object[] _getStateArgs = new object[1];
    // A class that contains all the custom styling we need
    private static Styles _styles;


    // True if we have persistent calls and false if we don't.
    private bool _hasPersistentCalls;
    // Holds all our reorderable lists that belong to our state 
    private IDictionary<State, ReorderableList> _lists;


    /// <summary>
    /// Used to initialize our values.
    /// </summary>
    public CollapsableEventDrawer()
    {
        _lists = new Dictionary<State, ReorderableList>();
    }


    /// <summary>
    /// A wrapper around the GetState function that is private in <see cref="UnityEventDrawer"/>
    /// </summary>
    private State GetState(SerializedProperty property)
    {
        if (_getStateMethod == null)
        {
            _getStateMethod = typeof(UnityEventDrawer).GetMethod(GET_STATE_METHOD_NAME, NON_PULIC_INSTANCE_FLAGS);
        }
        _getStateArgs[0] = property;
        return (State)_getStateMethod.Invoke(this, _getStateArgs);
    }

    /// <summary>
    /// Tries to get the cached ReorderableList from the state. 
    /// </summary>
    private ReorderableList GetList(SerializedProperty property)
    {
        State state = GetState(property);
        if(_lists.ContainsKey(state))
        {
            return _lists[state];
        }
        ReorderableList list = GetReorderableListFromState(state);
        list.draggable = true;
        _lists[state] = list;
        return list;
    }


    /// <summary>
    /// Returns back the number of calls that are currently in the Unity Event. 
    /// </summary>
    private bool HasPersistentCalls(SerializedProperty property)
    {
        return property.FindPropertyRelative(CALLS_PROPERTY_PATH).arraySize > 0;
    }

    /// <summary>
    /// Returns to Unity to tell it how much space we should use to draw. If we
    /// have one element we only reserve 32 units. 16 for the element itself and
    /// 16 for spacing from the next element. If we any calls we let Unity
    /// draw the default. 
    /// </summary>
    public override float GetPropertyHeight(SerializedProperty property, GUIContent label)
    {
        _hasPersistentCalls = HasPersistentCalls(property);

        ReorderableList list = GetList(property);

        if (!_hasPersistentCalls)
        {
            list.elementHeight = 0;
            list.displayAdd = false;
            list.displayRemove = false;
            return EditorGUIUtility.singleLineHeight * 2f;
        }

        list.elementHeight = 43;
        list.displayAdd = true;
        list.displayRemove = true;
        return base.GetPropertyHeight(property, label);
    }

    /// <summary>
    /// Used to draw our element override a bit of the Unity logic in the case
    /// of having no elements. 
    /// </summary>
    public override void OnGUI(Rect position, SerializedProperty property, GUIContent label)
    {
        if(_styles == null)
        {
            _styles = new Styles();
        }

        base.OnGUI(position, property, label);

        if (!_hasPersistentCalls)
        {
            position.x += position.width - BUTTON_SPACING;
            position.width = BUTTON_WIDTH;
            if(GUI.Button(position, _styles.iconToolbarPlus, _styles.preButton))
            {
                State state = GetState(property);
                ReorderableList list = GetReorderableListFromState(state);
                list.onAddCallback(list);
                state.lastSelectedIndex = 0;
            }
        }
    }


    /// <summary>
    /// Gets the internal instance of the <see cref="ReorderableList"/> that exists
    /// in the state. 
    /// </summary>
    private static ReorderableList GetReorderableListFromState(State state)
    {
        if (_stateReorderableListFieldInfo == null)
        {
            _stateReorderableListFieldInfo = typeof(State).GetField(REORDERABLE_LIST_FIELD_NAME, NON_PULIC_INSTANCE_FLAGS);
        }
        return (ReorderableList)_stateReorderableListFieldInfo.GetValue(state);
    }
}

Wow! It has rearrange function too! Thanks!

@ByronMayne great solution to tidying up UnityEvents in the inspector. I was trying to get it to also work with UnityEvent without needing to specify every custom T0

Do you know if this is possible?

I tried typeof(UnityEvent<>), true but it didn't work. I'm having to specify every actual object like typeof(UnityEvent<MyType>), true

You have to do it per type unfortunately. Unless that has changed. I have not used Unity for about 7 months so I have not been keeping up to date

Saying that you might be able to break into Unity with reflection and do it but that will take some digging

Yeah I think reflection is the only way I can see of doing it. I'll get something working and post the result back here in case anyone comes across this and needs a solution in the future!

Yes, I know I am late to the party, but this one is still useful, and by now you can use [CustomPropertyDrawer(typeof(UnityEventBase))] to have it also work for events with parameters.

I wrote this 4 years ago I am surprised it's still useful that is... unexpected. hahah