5600 Smiley, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 2 bath
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Los Angeles, California 90016
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well above the $774,866 Fair Market Value by -16%. As a Condition Rating 6 asset stripped to the studs, this project requires significant capital to unlock its full potential. The detached garage offers a prime ADU conversion opportunity to maximize rental yield. Located in the Los Angeles Unified district, this is a high-stakes acquisition ideal for Fix-and-Flip Investors or Contractors capable of managing a full-scale redevelopment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5600 Smiley Subject | $899,000* List Price | 3 | 2 | 1,266 | $612 | - |
A 5577 Homeside Avenue Sold | $665,000 | 3 | 2 | 1,070 | $621 | 0.1 mi |
B 2207 S Cochran Sold | $870,000 | 2 | 1 | 1,241 | $701 | 0.8 mi |
C 2430 S Cochran Avenue Sold | $740,000 | 2 | 1 | 1,340 | $552 | 0.6 mi |
D 2524 Alsace Ave Sold | $710,000 | 3 | 2 | 1,071 | $663 | 0.7 mi |
E 2115 S Redondo Boulevard Sold | $878,000 | 3 | 1 | 1,399 | $628 | 0.9 mi |
F 5639 Coliseum Street Sold | $1,000,000 | 3 | 2 | 1,415 | $707 | 0.8 mi |
G 2540 Hauser Boulevard Active | $768,888 List Price | 2 | 1 | 1,072 | $717 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1924 and currently stripped to the studs, the property is unlivable and requires a total reconstruction of all systems, kitchen, and baths; it is positioned as a land-value or full redevelopment opportunity.
The property is stripped to the studs, offering a complete blank slate for investors to reimagine the layout and install high-end finishes from scratch.
A detached garage provides significant flexibility for an ADU conversion, potentially adding rental income or increasing the overall property value.
Located in a sought-after Mid-Los Angeles neighborhood, this property offers high upside potential in a market with strong demand for renovated homes.
Due to its current uninhabitable state, the property does not qualify for conventional financing, requiring cash buyers or alternative funding.
As a major fixer-upper, the project demands a significant investment of time and capital to bring the structure to modern living standards.
Discover the potential of 5600 Smiley Drive, a compelling opportunity for experienced investors, builders, or visionaries ready to unlock value in a sought-after Los Angeles location. Situated on a spacious lot, this 3-bedroom, 2-bathroom main residence is a substantial fixer, stripped to the studs and primed for a full transformation. The current footprint provides a blank slate to reimagine the layout with contemporary design, thoughtful flow, and high-end finishes. A detached garage offers added flexibility — think ADU conversion, workshop space, or income potential (buyer to verify). This property is best suited to those with the vision and know-how to see a full renovation or redevelopment through. Please note: given the property's present condition, it will not qualify for conventional financing and is ideal for cash buyers or those with alternative financing in place. Rare finds like this — where prime location meets wide-open upside — don't come along often.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,266 | 1,672 |
| Lot Size | 4,792 | 6,067 |
| Price | $899.0K | $1.37M |
| Price per sq ft | $710 | $801 |
| Built year | 1924 | 1939 |
| HOA | $0 | $348 |
| Days on market | 15 | 56 |
Jul 7, 2026
$899,000
Initial Listing
May 1, 2019
$720,000
Public Record