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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%
Property Type(s):
Residential Income
| Last Updated | 1/20/2026 | Year Built | 1961 |
|---|---|---|---|
| Community | C16 - Mid Los Angeles | County | Los Angeles |
Price History
| Prior to Jan 20, '26 | $1,636,310 |
|---|---|
| Jan 20, '26 - Today | $1,550,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | C16 - Mid Los Angeles |
| GARAGE | Yes |
| LOT | 9601 sq ft |
| LOT DIMENSIONS | 80x120 |
| PARKING | Driveway, Garage, Tandem |
| STORIES | 2 |
Location
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Listed with Link Brokerages
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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