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Trevor Smith

[email protected] +1(858) 539-9999

$ 1,695,000

Est. payment -/mo

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5511 Smiley DR Los Angeles, CA 90016

11 Beds

8 Baths

5,670 SqFt

UPDATED:

09/30/2024 06:14 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,670 sqft

Price per Sqft $298

MLS Listing ID 24378945

Bedrooms 11

Construction Status Fixer,Repairs Cosmetic,Updated/Remodeled

HOA Y/N No

Year Built 1964

Lot Size 7,196 Sqft

Acres 0.1652

Property Description

SELLER MOTIVATED! HUGE UPSIDE!! 5511 Smiley Drive is a 7-unit apartment building situated in the heart of the burgeoning West Adams neighborhood. The property's diverse unit mix consists of one 2+2, three 2+1's, and three 1+1's. The building has had numerous upgrades such as security camera installation, vinyl windows, and a newer roof and exterior paint. There is ample tenant parking as well as 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, Argo Navis Middle School, and Hamilton High School. Public transit is easily accessible at the La Cienega/Jefferson Metro station 0.7 miles away. With 5511 Smiley, you can hedge against inflation, exploit tax advantages, and add more value.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD2

Rooms

Ensuite Laundry Common Area, Laundry Room

Interior

Interior Features Ceiling Fan(s)

Laundry Location Common Area,Laundry Room

Cooling None

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Disposal, Microwave, Refrigerator

Laundry Common Area, Laundry Room

Exterior

Garage Assigned, Carport, Garage, Side By Side, Tandem

Pool None

View Y/N Yes

View City Lights

Roof Type Composition

Parking Type Assigned, Carport, Garage, Side By Side, Tandem

Total Parking Spaces 9

Private Pool No

Building

Faces South

Story 2

Entry Level Two

Sewer Other

Level or Stories Two

New Construction No

Construction Status Fixer,Repairs Cosmetic,Updated/Remodeled

Others

Senior Community No

Tax ID 5048024026

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

Listed by Jordan Peikin • Jordan Peikin

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

Trevor Smith

5511 Smiley DR Los Angeles, CA 90016

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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5511 Smiley DR