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.
Property Details
Price:
$1,599,000
MLS #:
24378945
Status:
Active
Baths:
0
Address:
5511 Smiley Drive
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Apr 10, 2024
State:
CA
ZIP:
90016
Lot Size:
7,198 sqft / 0.17 acres (approx)
Year Built:
1964
See this Listing
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Schools
Interior
Appliances
Disposal, Microwave, Refrigerator
Cooling
None
Fireplace Features
None
Flooring
Laminate, Tile
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Assigned, Tandem Garage, Side by Side, Carport
Parking Spots
9.00
Pool Features
None
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Other
Spa Features
None
Stories Total
2
View
City Lights
Financial
Map
Community
- Address5511 Smiley Drive Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
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5511 Smiley Drive
Los Angeles, CA
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