5506 Smiley Drive, Los Angeles, California 90016, Los Angeles, 90016 - 1 bed, 1 bath
ACTIVE UNDER CONTRACT$700,000
5506 Smiley Drive, Los Angeles, California 90016
1Bed
1Bath
536Sqft
1,599Lot
Price Vs. Estimate
The estimated value ($618,021.99) is $81,978.01 (11%) lower than the list price ($700,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Location: Nestled in the highly desirable West Adams Historic District, the property offers unbeatable proximity to Culver City (less than a mile), Century City, Downtown LA (approx. 10 minutes), and the beach (approx. 16 minutes).
Top Cons:
Compact Living Space: With only 536 sqft and 1 bedroom/1 bathroom, the property offers limited living space, which may not suit buyers needing more room or multiple bedrooms.
Compared to the nearby listings
Price:$700.0K vs avg $1.05M ($-350,000)7%
Size:536 sqft vs avg 1,393.5 sqft1%
Price/sqft:$1.3K vs avg $79299%
More Insights
Built in 1923 (102 years old).
Condition: While the property was built in 1923, the interior has undergone a significant and modern renovation, making it move-in ready. The kitchen features contemporary gray shaker cabinets, stainless steel appliances (including microwave, range, and refrigerator), white speckled countertops, and a light subway tile backsplash, all appearing new. The bathroom is similarly updated with a modern white vanity, white subway tile shower/tub surround, and new fixtures. New LVP flooring is present in the living areas and bedroom, with modern white tile in the kitchen, hallway, and bathroom. Walls are freshly painted. However, the listing description explicitly mentions 'Potential for Aging Systems' due to the original build year, suggesting that major systems like plumbing, electrical, or HVAC (beyond the visible wall unit) may not have been fully replaced or are not within their expected lifespan. This prevents an 'Excellent' rating, but the extensive cosmetic updates place it firmly in 'Good' condition.
Year Built
1923
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$1,306
HOA
-
Days on market
-
Sold On
-
MLS number
SR25263664
Home ConditionGood
Features
Patio
ViewNeighborhood
About this home
Welcome to 5506 Smiley Dr Los Angeles, CA 90016 a charming 1923 historic cottage that transports you back in time while offering the convenience and lifestyle of today. This 1-bedroom, 1-bathroom home sits on a palm-lined street. Nestled in the highly desirable West Adams Historic District, the location is unbeatable! Less than a mile from Culver City and just about 10 minutes to Century City and Downtown LA and just 16 minutes from the beach. Whether you're a first-time homebuyer or an investor looking for an opportunity in one of LA's fastest-growing neighborhoods, this property checks every box. Inside, you'll find an open and inviting floor plan, indoor laundry, and classic details that reflect its 1920s charm. The property also includes a detached bonus room, perfect for a home office, gym, creative studio, or podcast/media space, or just extra storage, offering endless possibilities. This cozy cottage blends history, character, and location seamlessly. Don't miss the chance to make this unique LA gem your own.
Nearby schools
6/10
Marvin Elementary School
Public,•K-5•0.3mi
6/10
Baldwin Hills Elementary School
Public,•K-5•0.5mi
5/10
Cienega Elementary School
Public,•K-5•0.6mi
5/10
Virginia Road Elementary School
Public,•K-5•1.4mi
4/10
Alta Loma Elementary School
Public,•K-5•1.7mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.3mi
3/10
Arlington Heights Elementary School
Public,•K-5•2.4mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.3mi
2/10
Audubon Middle School
Public,•6-8•2.4mi
3/10
Daniel Webster Middle School
Public,•6-8•4.1mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•1.1mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•1.5mi
Price History
Date
Event
Price
10/27/99
Sold
$82,500
10/06/98
Sold
$42,000
Condition Rating
Good
While the property was built in 1923, the interior has undergone a significant and modern renovation, making it move-in ready. The kitchen features contemporary gray shaker cabinets, stainless steel appliances (including microwave, range, and refrigerator), white speckled countertops, and a light subway tile backsplash, all appearing new. The bathroom is similarly updated with a modern white vanity, white subway tile shower/tub surround, and new fixtures. New LVP flooring is present in the living areas and bedroom, with modern white tile in the kitchen, hallway, and bathroom. Walls are freshly painted. However, the listing description explicitly mentions 'Potential for Aging Systems' due to the original build year, suggesting that major systems like plumbing, electrical, or HVAC (beyond the visible wall unit) may not have been fully replaced or are not within their expected lifespan. This prevents an 'Excellent' rating, but the extensive cosmetic updates place it firmly in 'Good' condition.
Pros & Cons
Pros
Exceptional Location: Nestled in the highly desirable West Adams Historic District, the property offers unbeatable proximity to Culver City (less than a mile), Century City, Downtown LA (approx. 10 minutes), and the beach (approx. 16 minutes).
Historic Charm & Character: A charming 1923 historic cottage featuring classic details and an open, inviting floor plan, appealing to buyers seeking unique character.
Versatile Detached Bonus Room: Includes a detached bonus room offering endless possibilities as a home office, gym, creative studio, media space, or extra storage, adding significant functional value.
Strong Investment Potential: Located in one of LA's fastest-growing neighborhoods, making it an attractive opportunity for investors and first-time homebuyers alike.
Practical Amenities: The property includes convenient indoor laundry, a desirable feature for a home of this size and type.
Cons
Compact Living Space: With only 536 sqft and 1 bedroom/1 bathroom, the property offers limited living space, which may not suit buyers needing more room or multiple bedrooms.
Potential for Aging Systems: Built in 1923, the historic nature implies that major systems (plumbing, electrical, HVAC) may be original or require significant updates, potentially incurring future costs.
Small Lot Size: The 1599 sqft lot is relatively small, offering limited outdoor space for recreation, gardening, or future expansion possibilities.