5511 Smiley Drive

Los Angeles, CA 90016

PRICE REDUCED

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-$100,000 (-5.57%)

$1,695,000

List Price

11

bed Beds

8

shower Baths

5,670 sqft

straighten / sqft

1964

calendar_month Built

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.

Listing Information

List Price $1,695,000
Status Active
MLS 24378945
Type Residential Income
Year Built 1964
Lot Size 7,198
Structure Size 5,670
DOM 115
Courtesy Of Jordan Peikin
Listing Agent Jordan Peikin DRE#02015987

Interior Features

Laundry Information
Location(s) Common Area, Laundry Room
Total Bedroom
Bedrooms 11
Total Bathroom
Bathrooms 8
Flooring Information
Material Laminate, Tile
Fireplace Information
Features None
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Jordan Peikin, Jordan Peikin . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.