5607 Smiley Dr, Los Angeles, California 90016, Los Angeles, 90016 - 0 bed, 0 bath
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Los Angeles, California 90016
This Multi-Unit Value-Add Asset is listed at $975,000, representing a stable entry point near its $938,014 Fair Market Value. With a Condition Rating of 5, the property requires comprehensive renovation but provides a clear path to appreciation through LARD2 Zoning and the potential to expand into a four-unit complex under new ADU rules. Located in the high-demand West Adams corridor near the Metro Expo Line and Marvin Elementary, the vacant delivery ensures a seamless transition for development. This is an optimal acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5607 Smiley Dr Subject | $975,000* List Price | 0 | 0 | 1,924 | $488 | - |
A 2235 Hauser Boulevard Sold | $965,000 | 0 | 0 | 2,459 | $392 | 0.5 mi |
B 2734 S Redondo Boulevard Sold | $820,000 | 4 | 2 | 1,286 | $638 | 0.5 mi |
C 2734 S Redondo Boulevard Sold | $820,000 | 0 | 0 | 1,286 | $638 | 0.5 mi |
D 5637 Smiley Drive Active | $949,000 List Price | 0 | 0 | 2,313 | $410 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1961, the property explicitly 'needs TLC' and requires 'substantial investment for repairs, upgrades, and modernization.' The exterior images show an aged and worn appearance, indicating significant deferred maintenance. While interior details are not provided, the age and description strongly suggest that the kitchen, bathrooms, and other major systems are outdated and require extensive rehabilitation, aligning with the 'poor' condition criteria.
Situated in the highly sought-after La Cienega/Jefferson – West Adams corridor, a vibrant growth area with rising demand, offering proximity to Culver City Arts District, Metro Expo Line, diverse restaurants, Kaiser hospital, Whole Foods, and Downtown LA.
LARD2 zoning allows for multi-unit development, currently configured as a duplex plus a bonus studio, with potential to expand to a four-unit building under new ADU rules, offering strong rental upside.
The property is delivered vacant, providing immediate flexibility for the new owner to set market rents, occupy units, or proceed with renovations/development without tenant relocation challenges.
The property explicitly 'needs TLC,' indicating that substantial investment will be required for repairs, upgrades, and modernization to maximize its value and rental potential.
The bonus studio's permits need verification by the buyer, posing a potential risk for non-compliance, requiring legalization, or facing demolition if unpermitted.
The property has undergone multiple significant price reductions from its original list price of $1.2M to $975K, which may suggest initial overpricing or market resistance to its current condition/value proposition.
Incredible Mid-City Investment with Income & Expansion Opportunity! This LARD2-zoned duplex plus bonus studio, needs TLC. Located in the highly sought-after La Cienega/Jefferson – West Adams corridor. Delivered vacant, this 3-unit configuration includes a 2-bedroom, 1-bath front home, a 1-bedroom, 1-bath rear unit above two covered carports, and a bonus studio with bath and kitchenette (buyer to verify permits). This two unit property could also be developed into a four unit building with the new ADU rules. With a 4,799 sq ft lot and 1,924 sq ft of living space, this property offers strong rental upside and excellent flexibility—perfect for investors, developers, or owner-occupants looking to add value. Separate gas and electric meters, driveway parking, and additional street parking provide convenience and functionality. Ideally situated near the Culver City Arts District, Metro Expo Line, West Adams restaurants, Kaiser hospital, Whole Foods, LACES Middle/High School and Downtown LA. This property sits in a vibrant growth area surrounded by redevelopment and rising demand. A rare opportunity to invest, expand, or create your next income-producing project in one of LA’s most dynamic neighborhoods.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,924 | 2,335.5 | 40% |
| Lot Size | 4,799 | 5,816.5 | 10% |
| Price | $975.0K | $1.02M | 50% |
| Price per sq ft | $507 | $476 | 60% |
| Built year | 1961 | 1936 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 173 | 202 | 50% |
Jan 28, 2026
$975,000
$1,000,000
-2% Price Drop
Initial Listing
Dec 31, 2025
$1,000,000
$1,050,000
-5% Price Drop
Initial Listing
Dec 11, 2025
$1,050,000
$1,175,000
-11% Price Drop
Initial Listing
Nov 16, 2025
$1,175,000
$1,200,000
-2% Price Drop
Initial Listing
Oct 31, 2025
$1,200,000
Initial Listing