5430 32-34 Smiley Drive, Los Angeles, CA 90016

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
5430 32-34 Smiley Drive,Los Angeles, CA 90016
$1,550,000
  • 11 Beds
  • 9 Baths
  • 4,849 sq. ft.
  • Multi-family
  • Active
Listed by: coby chatwin, andrew malekie
Office: link brokerages
MLS#:25631731
Source:CRMLS

Price summary

  • Price:$1,550,000
  • Price per sq. ft.:$319.65

About this home

Prime investment opportunity in the rapidly emerging West Adams submarket of Los Angeles. Located at 5430-5434 Smiley Drive, the property consists of 7 one bedroom one bathroom apartment units and 2 detached homes comprised of two bedroom units with one and one half bathrooms, all situated on approximately 9,601 square feet of land with convenient access to the I 10 freeway. This property is in an Opportunity Zone and a seismic retrofit has recently been completed, providing added long term stability and tax advantages, while significant value add potential remains throughout. The two detached homes offer compelling renovation and construction upside, creating an opportunity to further enhance rental income and overall asset value, in addition to ADU potential within the existing carport. The unique unit composition combined with below market rents presents an excellent opportunity for investors to capture nearly 60% rental upside with an attractive current cap of over 5.6%

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Home facts

  • Year built:1961
  • Listing ID #:25631731
  • Added:65 day(s) ago
  • Updated:March 06, 2026 at 11:42 AM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:9
  • Living area:4,849 sq. ft.

Structure and exterior

  • Year built:1961
  • Building area:4,849 sq. ft.
  • Lot area:0.22 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,550,000
  • Price per sq. ft.:$319.65
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