5511 Smiley DR Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
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
Year Built 1964
Lot Size 7,196 Sqft
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
Interior
Cooling None
Flooring Laminate,Tile
Fireplaces Type None
Laundry Common Area,Laundry Room
Exterior
Parking Features Assigned,Carport,Garage,Side By Side,Tandem
Pool None
View Y/N Yes
View City Lights
Roof Type Composition
Building
Story 2
Sewer Other
New Construction No
Others
Special Listing Condition Standard