5951 Smiley Dr

4
Baths
3,776 Sq. Ft.
$518 / Sq. Ft.
3,776
Sq. Ft.
$518
per Sq. Ft.

Description

The Smiley Villas is a well located, non rent-controlled 4 unit multifamily asset. Nestled in a cul-de-sac within the hip and trendy neighborhood of the Culver City Arts District, the property consists of a great unit mix of all spacious two bedroom one bathroom apartment homes. Excellent owner-user opportunity. The property's central location is within minutes to Downtown Culver City, Santa Monica Beach, UCLA, Beverly Hills,and the Blue Line Metro (less than a mile). This two story complex has been...The Smiley Villas is a well located, non rent-controlled 4 unit multifamily asset. Nestled in a cul-de-sac within the hip and trendy neighborhood of the Culver City Arts District, the property consists of a great unit mix of all spacious two bedroom one bathroom apartment homes. Excellent owner-user opportunity. The property's central location is within minutes to Downtown Culver City, Santa Monica Beach, UCLA, Beverly Hills,and the Blue Line Metro (less than a mile). This two story complex has been well maintained and has benefited from recent upgrades to the units. Building benefits from a new roof, copper plumbing, new gas shut off valves, new water heater, separately metered for electric & gas. Ideal Value-add investment.
  1. Listed by Kevin Kawaoka • DRE #01733613 • Brokerage DRE #00549936 • NAI Capital, Inc.

Property Details for 5951 Smiley Drive

Zoning
CCR2*
Parcel Number
4205005022
Total Units
4.0
Living Area
3776
Source Living Area
Vendor Enhanced
Area
Culver City (C28)
Vacancy Rate
0
Lot Size Area
11342
LISTING UPDATED: 04/24/2017 09:33 AM

Property Details for 5951 Smiley Drive

StatusSold
MLS #17-203954
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1984
Lot Size0.26 AC / 11,342 SF
CountyLos Angeles County

Location

Listing Courtesy of NAI Capital, Inc., Kevin Kawaoka, DRE #01733613

Sold By Compass, Duncan Watson, DRE #01884393

Add your commute

Building Information for 5951 Smiley Drive

Stories-Residences-Year Built1984Building Size-Lot Size0.26 AC / 11,342 SF

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$11,883 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,528

Property Taxes

$2,355

HOA Dues

$0

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Property Information for 5951 Smiley Drive

Community / Development
Community / Development
  • Number Of Units: 4
Structure Info
Structure Info
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: apartments
  • View: No
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Entry Only
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $114,166
  • Net Operating Income: $80,240.00
  • Gross Income: $116,496
  • Cap Rate: 4.03%
  • Gross Rent Multiplier: $17.00
  • Total Annual Expense: 33926
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 11342
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Auto Driveway Gate
  • Total Parking: 8
  • Parking Features: Auto Driveway Gate
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Air Conditioning
  • Heating Type: Wall
  • Equipment: Built-Ins, Dishwasher, Other
  • Laundry: See Remarks
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 02-21-2017
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,675.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,185.00
  • Unit Actual Rent: $2,185.00
  • Unit Projected Rent: $2,675.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,245.00
  • Unit Actual Rent: $2,245.00
  • Unit Projected Rent: $2,675.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,675.00
  • Unit Projected Rent: $2,675.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $579,913.00
  • Assessed Land Value: $869,848.00

Property History for 5951 Smiley Drive

DateEvent & SourcePriceAppreciation
Apr 19, 2017

Sold

SDMLS #17203954

$1,955,000—
Apr 19, 2017

Sold

CRMLS #17203954

$1,955,000—
Apr 19, 2017

Sold

CLAW #17-203954

$1,955,000—
Mar 28, 2017

Expired

CRMLS #16166434

$2,600—
Mar 27, 2017

Expired

CLAW #16-166434

$2,600—
Mar 16, 2017

Sold (Public Record)

Public Record #592367068

$1,955,000

+10.3% / yr

Feb 27, 2017

Pending

CLAW #17-203954

—
Feb 27, 2017

Pending

CRMLS #17203954

—
Feb 27, 2017

Listed (Active)

CLAW #17-203954

$1,990,000—
Feb 20, 2017

Listed (Active)

CRMLS #17203954

$1,990,000—
Feb 20, 2017

Listed (Active)

SDMLS #17203954

$1,990,000—
Oct 6, 2016

Expired

SDMLS #16166434

—
Sep 27, 2016

Listed (Active)

CRMLS #16166434

$2,600—
Sep 27, 2016

Listed (Active)

SDMLS #16166434

$2,600—
Sep 27, 2016

Listed (Active)

CLAW #16-166434

$2,600—
Feb 6, 2014

Sold

CRMLS #TR13194511

$1,357,500—
Feb 6, 2014

Sold

CLAW #TR13194511MR

$1,357,500—
Nov 4, 2013

Pending

CRMLS #TR13194511

—
Nov 4, 2013

Pending

CLAW #TR13194511MR

—
Oct 18, 2013

Sold (Public Record)

Public Record #408895228

$1,400,000—
Sep 24, 2013

Price Change

CRMLS #TR13194511

$1,599,999—
Sep 24, 2013

Listed (Active)

CLAW #TR13194511MR

$1,600,000—
Sep 24, 2013

Listed (Active)

CRMLS #TR13194511

$1,600,000—
Sep 23, 2013

Expired

CRMLS #TR13074890

$1,750,000—
Sep 22, 2013

Expired

CLAW #TR13074890MR

—
Apr 23, 2013

Listed (Active)

CLAW #TR13074890MR

$1,999,999—
Apr 23, 2013

Listed (Active)

CRMLS #TR13074890

$1,999,999—
DateEvent & SourcePrice
04/19/2017

Sold

SDMLS #17203954

$1,955,000
04/19/2017

Sold

CRMLS #17203954

$1,955,000
04/19/2017

Sold

CLAW #17-203954

$1,955,000
03/28/2017

Expired

CRMLS #16166434

$2,600
03/27/2017

Expired

CLAW #16-166434

$2,600
03/16/2017

Sold (Public Record)

Public Record #592367068

$1,955,000

+10.3% / yr

02/27/2017

Pending

CLAW #17-203954

—
02/27/2017

Pending

CRMLS #17203954

—
02/27/2017

Listed (Active)

CLAW #17-203954

$1,990,000
02/20/2017

Listed (Active)

CRMLS #17203954

$1,990,000
02/20/2017

Listed (Active)

SDMLS #17203954

$1,990,000
10/06/2016

Expired

SDMLS #16166434

—
09/27/2016

Listed (Active)

CRMLS #16166434

$2,600
09/27/2016

Listed (Active)

SDMLS #16166434

$2,600
09/27/2016

Listed (Active)

CLAW #16-166434

$2,600
02/06/2014

Sold

CRMLS #TR13194511

$1,357,500
02/06/2014

Sold

CLAW #TR13194511MR

$1,357,500
11/04/2013

Pending

CRMLS #TR13194511

—
11/04/2013

Pending

CLAW #TR13194511MR

—
10/18/2013

Sold (Public Record)

Public Record #408895228

$1,400,000
09/24/2013

Price Change

CRMLS #TR13194511

$1,599,999
09/24/2013

Listed (Active)

CLAW #TR13194511MR

$1,600,000
09/24/2013

Listed (Active)

CRMLS #TR13194511

$1,600,000
09/23/2013

Expired

CRMLS #TR13074890

$1,750,000
09/22/2013

Expired

CLAW #TR13074890MR

—
04/23/2013

Listed (Active)

CLAW #TR13074890MR

$1,999,999
04/23/2013

Listed (Active)

CRMLS #TR13074890

$1,999,999

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5951 Smiley Drive

Taxable ValueLand$1,363,685Additions$905,255Total$2,268,940
Tax Record2025$28,260 ($2,355 / month)
Home Facts
Total Finished SqFt3,776 SqFtAbove Grade Finished SqFt3,776 SqFtLot Size11,342 SqFtStyleQuadraplexYear Built1984ZoningCCR2*CountyLOS ANGELESAPN4205-005-022

Schools near 5951 Smiley Drive

This home is within Culver City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Linwood E. Howe Elementary School
PublicK to 5

Culver City Middle School
Public6 to 8

Culver City High School
Public9 to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NAI Capital, Inc., Kevin Kawaoka, DRE #01733613

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.