5511 Smiley Drive
$1,695,000
11
8
5,670
5,670
$299
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....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.
- Listed by Jordan Peikin • DRE #02015987 • Brokerage DRE #02015987 • Jordan Peikin
Property Details for 5511 Smiley Drive
Water Front
None
ZoningLARD2
Parcel Number5048024026
Total Units7.0
Living Area5670
Source Living AreaVendor Enhanced
AreaMid Los Angeles (C16)
Vacancy Rate0
LISTING UPDATED: 09/16/2024 12:45 PM
Property Details for 5511 Smiley Drive
Status | Active |
---|---|
MLS # | 24-378945 |
Days on Market | 182 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.17 AC / 7,198 SF |
County | Los Angeles County |
Building Information for 5511 Smiley Drive
Stories2Residences-Year Built1964Building Size-Lot Size0.17 AC / 7,198 SF
Property Information for 5511 Smiley Drive
Property History for 5511 Smiley Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5511 Smiley Drive
Taxable ValueLand$910,262Additions$597,358Total$1,507,620
Tax Record2024$19,233 ($1,603 / month)
Home Facts
Total Finished SqFt5,670 SqFtAbove Grade Finished SqFt5,670 SqFtLot Size7,196 SqFtStyleMulti-Family Res (5+ Units)ZoningLARD2CountyLOS ANGELESAPN5048-024-026
Schools near 5511 Smiley Drive
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Marvin Elementary School PublicK to 5 | ||
Daniel Webster Middle School Public6 to 8 | ||
Alexander Hamilton Senior High School Public9 to 12 | ||
New Los Angeles Elementary School CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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