$ 1,450,000
-
$1,450,000
Price -
11
Bed -
8
Bath -
5,670
SqFt
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About the Listing X83625 - C124818
5511 Smiley Drive is a 7-unit apartment building situated in the heart of the burgeoning West Adams neighborhood. A savvy investor will have the opportunity to increase the building's value by exploiting its huge rental upside (approximately 66%), by way of future tenant turnover and capital improvements. The property's diverse unit mix consists of one 2+2, three 2+1's, and three 1+1's. Numerous upgrades such as security camera installation, vinyl windows, a newer roof, and exterior paint have been made for lower maintenance ownership. There is ample tenant parking, owned communal laundry machines, and a storage room that could be rented or retained for the owner's use. Lastly, the 7,200 square foot lot is 50% larger than the standard 4,800 square foot lot for the area. Superbly located just steps away from the heart of the West Adams commercial corridor, 5511 Smiley Drive provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 83 walk score and is central to major employment, freeways, and points of interest alike. Tenants with children have numerous nearby parks and schools to choose from, including Westside Neighborhood Park, Marvin Avenue Elementary, and Hamilton High School. Public transit is also easily accessible at the La Cienega/Jefferson Metro station at just 0.7 miles away. With 5511 Smiley, investors can hedge against inflation, leverage tax advantages, and add more value.
Listing Highlights for 5511 Smiley Dr
Status
Active
Days on Site
74
Property Type
Multi-Family
MLS ®
25557631
Year Built
1964
Total Square Footage
5,670
Lot/Acreage
0.17
County
Los Angeles
Area
Mid Los Angeles
Interior Details
- Bedrooms: 11
- Bathrooms: 8 Full
- Appliances: Refrigerator, Range/Oven, Garbage Disposal, Ceiling Fan, Microwave
- Air Cond: Window Unit(s)
- Heating: Wall Gas
- Fireplaces:
- Floor: Laminate,Carpet,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: City
- Garage Capacity: N/A
- Parking Spaces: 10
- Lot Dimensions: 60x120
- Zoning: LARD2
- Roof: Composition
- Others:
- Sewer: In Street
- Parking Features: Assigned,Tandem,Side By Side,Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5048-024-026
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
5511 Smiley Dr Los Angeles, CA 90016
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