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.
Property Details
Price:
$1,490,000
MLS #:
25557631
Status:
Active
Baths:
0
Address:
5511 Smiley Drive
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jun 27, 2025
State:
CA
ZIP:
90016
Lot Size:
7,198 sqft / 0.17 acres (approx)
Year Built:
1964
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Schools
Interior
Appliances
Disposal, Microwave, Refrigerator
Fireplace Features
None
Flooring
Laminate, Carpet, Tile
Interior Features
Ceiling Fan(s)
Exterior
Foundation Details
Slab
Parking Features
Assigned, Tandem Garage, Side by Side, Carport
Parking Spots
10.00
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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