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Active
5511 Smiley Drive Los Angeles, CA 90016
5,670 SqFt
UPDATED:
01/31/2025 10:37 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,670 sqft
Price per Sqft $298
MLS Listing ID CL24378945
HOA Y/N No
Year Built 1964
Lot Size 7,198 Sqft
Acres 0.17
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
Location
State CA
County Los Angeles
Zoning LARD
Interior
Cooling None
Flooring Laminate, Tile
Fireplace No
Laundry Community Facility, Laundry Room
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View City Lights
Building
Water Other
New Construction No
Others
Tax ID 5048024026
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Listed by Jordan Peikin • Jordan Peikin