5506 Smiley Drive
About This Property
This 1-bedroom, 1-bathroom home sits on a palm-lined street. Nestled in the highly desirable West Adams Historic District, the location is unbeatable! Less than a mile from Culver City and just about 10 minutes to Century City and Downtown LA and just 16 minutes from the beach. Whether you're a first-time homebuyer or an investor looking for an opportunity in one of LA's fastest-growing neighborhoods, this property checks every box. Inside, you'll find an open and inviting floor plan, indoor laundry, and classic details that reflect its 1920s charm.
The property also includes a detached bonus room, perfect for a home office, gym, creative studio, or podcast/media space, or just extra storage, offering endless possibilities. This cozy cottage blends history, character, and location seamlessly. Don't miss the chance to make this unique LA gem your own.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 9, 2026 | Sold | ||
| Sold | |||
| Dec 10, 2025 | In contract | - | |
| In contract | |||
| Nov 11, 2025 | Listed by JohnHart Real Estate | $700,000 | |
| Listed by JohnHart Real Estate | |||
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About South LA
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017