5637 Smiley Drive, Los Angeles, California 90016, Los Angeles, 90016 - 0 bed, 0 bath
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Los Angeles, California 90016
This Multi-Unit Residential Income Asset is listed at $949,000, representing a stable acquisition at its $949,000 Fair Market Value. The configuration includes a front 2-bedroom unit, a two-story rear residence, and a legal detached bonus room, providing exceptional rental versatility in a high-demand corridor. With a Condition Rating of 4, the property presents clear value-add potential through modernization of its 1939 vintage finishes. Featuring ample gated parking and a covered patio, this property is a strategic fit for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5637 Smiley Drive Subject | $949,000* List Price | 0 | 0 | 2,313 | $410 | - |
A 2235 Hauser Boulevard Sold | $965,000 | 0 | 0 | 2,459 | $392 | 0.5 mi |
B 5607 Smiley Dr Active | $975,000 List Price | 0 | 0 | 1,924 | $507 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is functional and occupied but shows significant signs of age and outdated finishes. Built in 1939, the kitchen and bathrooms retain vintage cabinetry, tiling, and fixtures that have not been substantially modernized. While some flooring has been updated to laminate and tile, the presence of popcorn ceilings, older wall heaters, and significant cracking in the concrete driveway indicates a need for minor repairs and aesthetic updates to meet current market standards.
This multi-unit property features two distinct residences plus a legal detached bonus room, providing exceptional versatility for rental income or multi-generational living in a high-demand area.
The property boasts a long, gated driveway capable of accommodating multiple vehicles, a premium and highly sought-after feature for residential income properties in Los Angeles.
The back unit offers a unique two-story configuration with dual living areas and dedicated laundry hookups, providing a house-like feel that appeals to long-term tenants.
The reliance on window bars and metal security doors may detract from the property's curb appeal and suggests a need for more modern, aesthetic security solutions.
The assigned middle and high schools carry low performance ratings, which may limit the property's appeal to families prioritizing educational proximity.
Great investment opportunity in Los Angeles! This property features two units plus a legal detached bonus room in the back. The front unit offers 2 bedrooms, 1 bathroom, a spacious living room, dining room, kitchen, and a laundry/mud room conveniently located off the kitchen with direct access to the driveway.. The back unit is a two-story layout: the first level includes a living room, dining room, kitchen with pantry storage, laundry hook-up, and a three-quarter bathroom with a separate sink station. Upstairs, you’ll find an additional living room, 2 bedrooms, and 1 bathroom. The backyard features a storage shed and a covered patio—ideal for outdoor living. Added security elements include window bars, metal security doors, and a gated driveway. Both front and back yards are fully fenced for privacy, and the long driveway provides ample parking for multiple vehicles.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 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 | 2,313 | 2,386 | 50% |
| Lot Size | 4,797 | 5,816.5 | 10% |
| Price | $949.0K | $1.02M | 40% |
| Price per sq ft | $410 | $441 | 40% |
| Built year | 1939 | 1933 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 231 | 231 | 50% |
Oct 11, 2025
$949,000
$995,000
-5% Price Drop
Initial Listing
Sep 3, 2025
$995,000
Initial Listing