CA > Los Angeles
Los Angeles, CA 90016,5511 Smiley Dr
Los Angeles, CA 90016,5511 Smiley Dr
Los Angeles, CA 90016,5511 Smiley Dr
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Kirshner Elkin Properties

Kirshner Elkin Properties

Realtor

+1(424) 214-0133
$1,450,000
Est. payment /mo
11 Beds
8 Baths
5,670 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,670 sqft

Price per Sqft $255

MLS Listing ID 25557631

Bedrooms 11

Construction Status Fixer, Repairs Major, Repair Cosmetic, Updated/Remodeled

Year Built 1964

Lot Size 7,198 Sqft

Acres 0.1652

Property Sub-Type Multi-Family

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 Mid Los Angeles

Zoning LARD2

Rooms

Other Rooms Other

Interior

Heating Wall Gas

Cooling Window Unit(s)

Flooring Laminate, Carpet, Tile

Fireplaces Type None

Equipment Refrigerator, Range/Oven, Garbage Disposal, Ceiling Fan, Microwave

Laundry Community, Room

Exterior

Parking Features Assigned, Tandem, Side By Side, Carport

Garage Spaces 10.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Roof Type Composition

Building

Story 2

Foundation Slab

Sewer In Street

Water Public

Level or Stories Two

Structure Type Frame, Stucco

Construction Status Fixer, Repairs Major, Repair Cosmetic, Updated/Remodeled

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Jordan Peikin

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