5600 Smiley, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 2 bath
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5600 Smiley
Los Angeles, California 90016
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
1,266Sq Ft
4,792Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$794,783
SUMMARY
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.
Estimated Market Value
$794,783
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 |
|---|---|---|---|---|---|---|
★ 5600 Smiley Subject 3 bd · 2 ba · 1,266 sqft · $628 | $799,000* List Price | 3 | 2 | 1,266 | $628 | - |
A 5577 Homeside Avenue Sold 3 bd · 2 ba · 1,070 sqft · $621 · 0.1 mi | $665,000 | 3 | 2 | 1,070 | $621 | 0.1 mi |
B 2716 Thurman Avenue Sold 3 bd · 2 ba · 1,377 sqft · $716 · 0.1 mi | $986,000 | 3 | 2 | 1,377 | $716 | 0.1 mi |
C 2207 S Cochran Sold 2 bd · 1 ba · 1,241 sqft · $701 · 0.8 mi | $870,000 | 2 | 1 | 1,241 | $701 | 0.8 mi |
D 2944 S Sycamore Sold 2 bd · 2 ba · 904 sqft · $680 · 0.6 mi | $615,000 | 2 | 2 | 904 | $680 | 0.6 mi |
E 2232 S Ridgeley Drive Sold 3 bd · 2 ba · 1,308 sqft · $670 · 0.6 mi | $877,000 | 3 | 2 | 1,308 | $670 | 0.6 mi |
F 5415 Westhaven Street Sold 2 bd · 1 ba · 1,092 sqft · $540 · 0.3 mi | $590,000 | 2 | 1 | 1,092 | $540 | 0.3 mi |
G 2540 Hauser Boulevard Active 2 bd · 1 ba · 1,072 sqft · $717 · 0.3 mi | $768,888 List Price | 2 | 1 | 1,072 | $717 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
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.
- ADU Opportunity
A detached garage provides significant flexibility for an ADU conversion, potentially adding rental income or increasing the overall property value.
- Strategic Location
Located in a sought-after Mid-Los Angeles neighborhood, this property offers high upside potential in a market with strong demand for renovated homes.
CONSRISKS & DEFICIENCIES
- Financing Limitations
Due to its current uninhabitable state, the property does not qualify for conventional financing, requiring cash buyers or alternative funding.
- Substantial Capital Requirement
As a major fixer-upper, the project demands a significant investment of time and capital to bring the structure to modern living standards.
About 5600 Smiley
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 4,792 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 • 0.6 mi
6/10
Cienega Elementary School
Grades K-5 • 0.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,266 | 1,670.836 |
| Lot Size | 4,792 | 6,152.156 |
| Price | $799.0K | $1.34M |
| Price per sq ft | $631 | $807 |
| Built year | 1924 | 1941 |
| HOA | $0 | $238 |
| Days on market | 125 | 56 |
Pricing History
Listed for Sale
Oct 9, 2026
$799,000
$899,000
-11% Price Drop
Initial Listing
Price Change
Jul 7, 2026
$899,000
Initial Listing
Sold
May 1, 2019
$720,000
Public Record