5441 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 represents a High-Potential Investment Opportunity. Listed at $859,000, the property is priced relative to its $762,764 Fair Market Value to account for the significant LARD 1.5 Zoning and density bonus incentives. Carrying a Condition Rating of 5, the asset requires substantial rehabilitation but offers immense upside through a potential ADU conversion of the detached garage or new multi-family construction. Located minutes from Culver City, this site is a strategic acquisition for Developers or Fix-and-Flip Investors looking to capitalize on transit-oriented growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5441 Smiley Drive Subject | $859,000* List Price | 0 | 0 | 1,370 | $557 | - |
A 2734 S Redondo Boulevard Sold | $820,000 | 4 | 2 | 1,286 | $638 | 0.3 mi |
B 2734 S Redondo Boulevard Sold | $820,000 | 0 | 0 | 1,286 | $638 | 0.3 mi |
C 2112 S Burnside Avenue Active Under Contract | $769,990 List Price | 0 | 0 | 1,398 | $551 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1926, the property exhibits significant deferred maintenance and aging infrastructure. Aerial images reveal a roof in poor condition with visible patching and wear. The interior shows a mix of dated finishes, including an old-fashioned kitchen with pink tile countertops, aged cabinetry, and older appliances. The cracked concrete driveway and overall exterior condition suggest the need for substantial rehabilitation. The listing's focus on development potential and density bonuses further indicates that the existing structures are nearing the end of their functional lifespan.
The LARD 1.5 zoning and density bonus incentives offer a significant opportunity for developers to maximize the lot's value through new multi-family construction.
Featuring two separate homes on a single lot plus a detached garage suitable for ADU conversion, the property provides multiple streams of potential rental income or multi-generational living options.
Situated minutes from Culver City's major developments and the light rail, the property is perfectly positioned in a high-growth, transit-oriented neighborhood with strong appreciation potential.
Originally constructed in 1926, the property likely requires substantial capital investment for modern upgrades, repairs, and system maintenance to meet current market standards.
The assigned middle and high schools carry low performance ratings (2-3), which may deter families with school-aged children and impact long-term resale value to owner-occupants.
Two Homes on one Lot. The main house 5441 Smiley Dr. consists of 2 bedrooms and 1 bathroom. Back house 5443 Smiley is a 1bedroom, 1bathroom. There is 2 car detached garage belongs to the front unit. The garage can be converted into an ADU. This property is in a prime location, minutes from the light rail, major developments in Culver City. Property is zone LARD 1.5 lot providing developers with a density bonus and additional incentives for new construction multi-family development. Buyer to do their due diligence to satisfy themselves of all aspects of the property. Don't miss out on this incredible opportunity to own a piece of this up-and-coming neighborhood.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,370 | 2,335.5 | 30% |
| Lot Size | 4,802 | 5,816.5 | 10% |
| Price | $859.0K | $1.02M | 40% |
| Price per sq ft | $627 | $476 | 60% |
| Built year | 1926 | 1927 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 693 | 238 | 0% |
Mar 25, 2026
$859,000
Initial Listing
May 29, 2024
$869,000
Initial Listing