5411 Smiley Drive, Los Angeles, CA 90016

About this fourplex

Presenting 5411 Smiley Dr., a Value Add Fixer in West Adams, property is a 2 story building with townhome style units. Consists of four 2 bedrooms/1.5 bath apartments. Offered at 4.4% CAP rate and 14.5 GRM. One unit will be delivered vacant. Below market rents offer an investor opportunity to renovate and reposition the remaining units with higher rents upon a vacancy. The subject is located in an Opportunity Zone which would provide potential tax benefits. The property is located within a few blocks from Whole Foods, the La Cienega/Jefferson transit station, and also in close proximity to Culver City Arts District, Amazon Studios and HBO headquarters. Gross income includes vacant unit proforma rent of unit 3 at $2,200.

Listing description from the December 2022 sale, as reported to CRMLS.

Sale history

$1,180,000

Sold December 2022 · listed $1,250,000, on market October 2022 · MLS #SR22229813 · Source: CRMLS

Listing Agent: Anie Mayelian · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Anie Mayelian · Equity Union

$889,000

Sold May 2017 · listed $875,000, on market February 2017 · MLS #SB17036709 · Source: CRMLS

Listing Agent: Adeyanju Ajetunmobi · Listing Office: Pacific Residential Realty, In · Contact: 310-961-4709 · Bought with: Clara Shim · America Realty Los Angeles

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