See Home Value
$1,710,000 - $2,090,000
Property - Off Market

5511 Smiley Dr

Los Angeles, CA 90016
bedrooms
Studio
bathrooms
0 Bath
square feet
5670 Sqft

About This Property

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. The property's 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. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside both in rent and neighborhood appreciation.

The manager has listed the unit size as 5670 square feet.
Unit Size
5,670Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$335
Property Type
Property
Property Taxes
-
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Dec 24, 2023 No longer available -
No longer available
Jun 20, 2023 Listed $1,900,000
Listed

Property Highlights

Air Conditioning
With View
Exterior Details

Exterior Information

Stucco


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
6 Beds
5 Baths
3,183 ft²
$565/ft²
$1,798,000 Aug 10, 2023
-
-
Multifamily
9 Beds
-
-
$1,595,000 Feb 21, 2023
-
-
Multifamily
5 Beds
-
-
$1,595,000 Sep 6, 2023
-
-
House
4 Beds
3.5 Baths
1,964 ft²
$978/ft²
$1,920,000 Jul 19, 2023
-
-
House
6 Beds
3 Baths
3,040 ft²
$641/ft²
$1,949,000 Jun 14, 2023
-
-
House
3 Beds
2 Baths
1,400 ft²
$1,214/ft²
$1,699,000 Jul 30, 2023
-
-
House
4 Beds
3 Baths
2,404 ft²
$666/ft²
$1,600,100 Jun 29, 2023
-
-
House
4 Beds
3 Baths
1,824 ft²
$874/ft²
$1,595,000 Sep 26, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

5511 Smiley Drive 5511 Smiley Drive, Los Angeles, CA 90016
  • 1 Unit for Sale
More about this Building
5511 Smiley Drive
Want to find out who owns 5511 Smiley Drive, Los Angeles, CA 90016? Get detailed property transactions here .

About South LA


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