5435 Smiley Drive, Los Angeles, California 90016, Los Angeles, 90016 - 0 bed, 0 bath
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Los Angeles, California 90016
This Residential Income Duplex is a Strong Value Opportunity, listed at $1,100,000—positioned well below the $1,102,804 Fair Market Value by 0.25%. Featuring a Condition Rating of 2, this turnkey property offers a fully renovated back unit and modern finishes throughout. With LARD1.5 Zoning and TOC Tier 3 density bonuses, the detached garage provides significant ADU conversion potential. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in the trendy West Adams neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5435 Smiley Drive Subject | $1,100,000* List Price | 0 | 0 | 1,648 | $669 | - |
A 2210 Clyde Active | $1,344,950 List Price | 0 | 0 | 1,998 | $673 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1921, the property has undergone a full recent renovation (likely <5 years) as evidenced by the modern shaker-style kitchens, updated bathrooms with new fixtures, recessed lighting, and contemporary flooring. The units are separately metered for gas and electricity, and the interior is in mint, move-in-ready condition.
The property is zoned LARD1.5 in a TOC Tier 3 area, offering significant density bonuses and a detached garage ideal for an ADU conversion to maximize rental yield.
With a fully renovated back unit and updated kitchens, bathrooms, and flooring in both units, the property is move-in ready and minimizes immediate capital expenditure.
The fully detached configuration provides enhanced privacy for occupants and separate metering for gas and electricity, making it an ideal setup for both owner-users and investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1648, other record living area = 1411.
The assigned middle and high schools carry low performance ratings (2/10), which may deter long-term family renters or buyers focused on public education quality.
Originally built in 1921, the property may possess aging underlying systems or structural elements typical of century-old homes that require more frequent maintenance than modern builds.
5435 Smiley Dr is a duplex property with FULLY DETACHED units consisting of 2BD/2BA/977sf front unit and a 2BD/1BA/671sf back unit in the heart of trendy West Adams. Live in one unit and rent out the other, move the entire extended family onto one property, or rent out both as income properties - the choice is yours! With a detached garage ideal for an ADU conversion and zoned LARD1.5 in TOC tier 3 allowing for increased density and FAR bonuses, this property also presents an exceptional opportunity for developers. The back unit has recently undergone full renovation and both have updated kitchens, bathrooms, flooring, and individual laundry. Units are separately metered for electricity and gas.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,648 | 2,250 |
| Lot Size | 4,807 | 5,864 |
| Price | $1.10M | $826.7K |
| Price per sq ft | $667 | $395 |
| Built year | 1921 | 1925 |
| HOA | $0 | $0 |
| Days on market | 48 | 83 |
Jun 4, 2026
$1,100,000
Initial Listing
Jun 4, 2008
$370,000
Public Record
Jan 11, 2005
$380,000
Public Record
Nov 26, 1997
$100,000
Public Record