Homes for sale - 5511 Smiley DR, Los Angeles, CA 90016

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$1,490,000

Est. payment - /mo

11 Beds

8 Baths

5,670 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,670 sqft

Price per Sqft $262

MLS Listing ID 25557631

Bedrooms 11

Construction Status Fixer,Repairs Cosmetic,Updated/Remodeled

HOA Y/N No

Year Built 1964

Lot Size 7,196 Sqft

Property Description

5511 Smiley Drive is a 7-unit apartment building situated in the heart of the burgeoning West Adams neighborhood. A savvy investor will have the opportunity to increase the building's value by exploiting its huge rental upside (approximately 66%), by way of future tenant turnover and capital improvements. The property's diverse unit mix consists of one 2+2, three 2+1's, and three 1+1's. Numerous upgrades such as security camera installation, vinyl windows, a newer roof, and exterior paint have been made for lower maintenance ownership. There is ample tenant parking, 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, and Hamilton High School. Public transit is also easily accessible at the La Cienega/Jefferson Metro station at just 0.7 miles away. With 5511 Smiley, investors can hedge against inflation, leverage tax advantages, and add more value.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD2

Interior

Interior Features Ceiling Fan(s)

Flooring Carpet, Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Disposal, Microwave, Refrigerator

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

Total Parking Spaces 10

Private Pool No

Building

Faces South

Story 2

Entry Level Two

Foundation Slab

Sewer Other

Level or Stories Two

New Construction No

Construction Status Fixer,Repairs Cosmetic,Updated/Remodeled

Others

Senior Community No

Tax ID 5048024026

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

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Listed by Jordan Peikin Jordan Peikin

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

5511 Smiley DR Los Angeles, CA 90016