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5511 Smiley Drive Los Angeles, CA 90016
5,670 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,670 sqft
Price per Sqft $255
MLS Listing ID CL25557631
HOA Y/N No
Year Built 1964
Lot Size 7,198 Sqft
Acres 0.17
Property Sub-Type Other
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 by way of future tenant turnover, capital improvements, and optimizing expenses. 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 water line, 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 trans
Location
State CA
County Los Angeles
Zoning LARD
Interior
Flooring Laminate, Tile, Carpet
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View City Lights
Building
Sewer Other
Water Other
New Construction No
Others
Tax ID 5048024026
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Listed by Jordan Peikin • Datashare CR Default Office Don't Delete