About 5430 32-34 Smiley Drive
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%
Features of 5430 32-34 Smiley Drive
| MLS® # | 25631731 |
|---|---|
| Price | $1,550,000 |
| Sold Price | $1,375,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Square Footage | 4,849 |
| Lot Sqft | 9,601 |
| Acres | 0.22 |
| Year Built | 1961 |
| Type | Residential Income |
| Status | Closed |
| # Of Units | 9 |
Community Information
| Address | 5430 32-34 Smiley Drive |
|---|---|
| Area | C16 - Mid Los Angeles |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90016 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Parking | Driveway, Garage, One Space, Tandem |
| Garages | Driveway, Garage, One Space, Tandem |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Cooling | None |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | December 30th, 2025 |
|---|---|
| Date Sold | April 3rd, 2026 |
| Days on Market | 71 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Coby Chatwin |
|---|---|
| Office | Link Brokerages |