5435 Smiley Drive, Los Angeles, California 90016, Los Angeles, 90016 - 0 bed, 0 bath
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5435 Smiley Drive
Los Angeles, California 90016
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,648Sq Ft
4,807Lot Size
Property Price
LIST PRICE$1,100,000
EST. MARKET VALUE
$1,039,245
5% AboveMARKET VALUE
SUMMARY
This Turnkey Duplex presents a High-Potential Investment Opportunity, listed at $1,100,000—positioned slightly above the $1,039,246 Fair Market Value. While the price reflects its Mint Condition Rating and recent full renovations, the LARD1.5 Zoning and TOC Tier 3 status offer significant upside for density development or ADU conversion. With separate utility metering and modern interiors, this asset provides immediate rental income potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating property in the heart of West Adams.
Estimated Market Value
$1,039,245
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5435 Smiley Drive Subject | $1,100,000* List Price | 0 | 0 | 1,648 | $631 | - |
A 1901 Hauser 3 Active Under Contract | $949,000 List Price | 0 | 0 | 1,882 | $504 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1921, the property has undergone a recent full renovation (likely <5 years) as evidenced by the modern white shaker cabinets, subway tile backsplashes, updated flooring, and recessed lighting. The units are in mint condition, move-in ready, and feature updated individual metering for systems.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
Zoned LARD1.5 in a TOC Tier 3 area with a detached garage, the property offers significant value-add opportunities through ADU conversion or increased density development.
- Versatile Income Opportunity
The fully detached duplex configuration with separate utility meters provides maximum flexibility for owner-occupiers seeking rental income or investors looking for a turnkey asset.
- Modernized Interiors
Both units feature updated kitchens, bathrooms, and flooring, including a fully renovated back unit, reducing the need for immediate capital expenditures.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1648, other record living area = 1411.
- Low School Ratings
The assigned middle and high schools have low performance ratings (2/10), which may deter long-term family residents and impact future resale value.
- Extended Days on Market
With 93 days on the market, the property may be facing pricing resistance or decreased buyer momentum compared to faster-moving listings in the West Adams area.
About 5435 Smiley Drive
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1921
- Lot Size
- 4,807 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Marvin Elementary School
Grades K-5 • 0.3 mi
6/10
Baldwin Hills Elementary School
Grades K-5 • 0.5 mi
6/10
Cienega Elementary School
Grades K-5 • 0.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,648 | 2,187.451 |
| Lot Size | 4,807 | 5,841.385 |
| Price | $1.10M | $841.5K |
| Price per sq ft | $667 | $385 |
| Built year | 1921 | 1928 |
| HOA | $0 | $0 |
| Days on market | 97 | 85 |
Pricing History
Listed for Sale
Jun 4, 2026
$1,100,000
Initial Listing
Sold
Jun 4, 2008
$370,000
Public Record
Sold
Jan 11, 2005
$380,000
Public Record
Sold
Nov 26, 1997
$100,000
Public Record