5435 Smiley Dr is a triplex consisting of a 2BD/2BA/977sf front unit, a middle efficiency studio unit, and a back 2BD/1BA/671sf unit in the heart of trendy West Adams. Substantial upside in rents (pro-forma 7% cap) and zoned LARD1.5 in TOC tier 3 allowing for increased density and FAR bonuses, this property presents an exceptional opportunity for owner occupancy and promises to be a developer’s dream. The middle unit has recently undergone full renovation and the front and back unit both have updated kitchens, bathrooms, flooring, and individual laundry. Front and back units are separately metered for electricity and gas. Drive-by only, please do not disturb residents.
Property Details
Price:
$1,000,000
MLS #:
PW24072586
Status:
Active
Baths:
0
Address:
5435 Smiley Drive
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Apr 12, 2024
State:
CA
ZIP:
90016
Lot Size:
4,807 sqft / 0.11 acres (approx)
Year Built:
1921
See this Listing
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Schools
Interior
Cooling
None
Heating
Floor Furnace, Natural Gas
Exterior
Community Features
Sidewalks, Street Lights, Urban
Garage Spaces
0.00
Lot Features
Level
Parking Features
Driveway, Gated
Parking Spots
5.00
Pool Features
None
Roof
Composition, Tile
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Utilities
Electricity Connected, Natural Gas Connected, Water Connected
Map
Community
- Address5435 Smiley Drive Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
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Courtesy of Keller Williams Realty Irvine. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.5435 Smiley Drive
Los Angeles, CA
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