5607 Smiley, Los Angeles, California 90016, Los Angeles, 90016 - 0 bed, 0 bath
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Los Angeles, California 90016
This Residential Income Duplex presents a High-Potential Investment Opportunity with a List Price of $975,000 relative to a $791,992 Fair Market Value. While the current valuation reflects its as-is state, the property offers immense upside through a three-unit conversion and modernization. With a Condition Rating of 5, the asset requires a full rehab to capture the area's $3,500 monthly rental demand. Featuring a bonus room with kitchenette, this project is a strategic Value-Add Asset for Developers or Fix-and-Flip Investors seeking high-yield density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5607 Smiley Subject | $975,000* List Price | 0 | 0 | 1,924 | $412 | - |
A 2235 Hauser Boulevard Sold | $965,000 | 0 | 0 | 2,459 | $392 | 0.5 mi |
B 5637 Smiley Drive Active Under Contract | $895,000 List Price | 0 | 0 | 2,313 | $387 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1961 (63 years old) with no mention of recent renovations. The listing is marketed as an 'investor and developer' opportunity, suggesting the property requires a full rehab of kitchens, baths, and systems to be competitive, fitting the criteria for a property needing significant rehabilitation.
The property offers a prime opportunity for developers to convert the existing duplex into a three-unit building, with the potential to reconfigure all units into two-bedroom layouts to maximize market value.
Located in a high-demand Mid-Los Angeles pocket with area rents ranging from $2,800 to $3,500, providing an excellent path to high yield and strong cash flow once optimized.
Includes a bonus room with a kitchenette and 0.75 bath, plus substantial space beneath the upper unit that is ideal for ADU conversion or additional living square footage.
To achieve the projected three-unit configuration and top-tier rents, the buyer will need to invest significant capital into construction, permitting, and modernization.
The property is served by middle and high schools with low ratings (2-3), which may limit the appeal for long-term family tenants and impact future resale value to owner-occupants.
Great Opportunity for Investors and Developers. This two unit property has a separate 2bedroom 1bath front unit and very large 1 bedroom 1 bath unit upstairs over the car ports, laundry room and bonus room. The bonus room also has .75 bath and kitchenette. The 1 bedroom 1 bath could be converted to a 2 bedroom 1 bath unit, and the area beneath the 1 bedroom 1 bath could possibly be converted to a 2 bedroom 1 bath unit directly underneath. This property could be developed into a 3 unit building with all units becoming 2 bedrooms and 1 bath. The rents in the area are $2,800 - $3,500 per.
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 | 2,313 | 33% |
| Lot Size | 4,801 | 6,079 | 33% |
| Price | $975.0K | $975.0K | 50% |
| Price per sq ft | $507 | $427 | 78% |
| Built year | 1961 | 1939 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 183 | 11% |
May 5, 2026
$975,000
Initial Listing