5511 Smiley Drive, Los Angeles, CA 90016
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
5511 Smiley Drive,Los Angeles, CA 90016
$1,450,000
- 11 Beds
- 8 Baths
- 5,670 sq. ft.
- Multi-family
- Active
Listed by:jordan peikin
Office:jordan peikin
MLS#:25557631
Source:CRMLS
Price summary
- Price:$1,450,000
- Price per sq. ft.:$255.73
About this home
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.
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Home facts
- Year built:1964
- Listing ID #:25557631
- Added:102 day(s) ago
- Updated:September 30, 2025 at 11:28 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:8
- Living area:5,670 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1964
- Building area:5,670 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$1,450,000
- Price per sq. ft.:$255.73
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