5511 Smiley Dr, Los Angeles, CA 90016 – 24-378945

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$1,695,000

Est. payment - /mo

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11 BD

8 BA

5,670 SqFt

Active

5511 Smiley Dr Los Angeles, CA 90016

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

09/16/2024 07:45 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,670 sqft

Price per Sqft $298

MLS Listing ID 24-378945

Bedrooms 11

Construction Status Repairs Major, Repair Cosmetic, Updated/Remodeled, Fixer

Year Built 1964

Lot Size 7,198 Sqft

Acres 0.1652

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 Mid Los Angeles

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling None

Flooring Laminate, Tile

Fireplaces Type None

Equipment Range/Oven, Refrigerator, Garbage Disposal, Ceiling Fan, Microwave

Laundry Community, Room

Exterior

Parking Features Assigned, Tandem, Side By Side, Carport

Garage Spaces 9.0

Pool None

Waterfront Description None

View Y/N Yes

View City, City Lights

Roof Type Composition

Building

Story 2

Sewer In Street

Water Public

Level or Stories Two

Structure Type Frame, Stucco

Construction Status Repairs Major, Repair Cosmetic, Updated/Remodeled, Fixer

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Jordan Peikin