5424 Smiley Drive, Los Angeles, CA 90016
Triplex · 2 recorded sales since 2019
Sold June 2021
Listing Agent: XIO SANDOVAL (DRE #01308913) · Listing Office: CENTURY 21 REALTY MASTERS · Contact: 323-722-7300 · Bought with: XIO SANDOVAL · CENTURY 21 REALTY MASTERS · MLS #MB21083203 · Source: CRMLS
About this triplex
Welcome to 5424 Smiley Dr: **1 UNIT IS NOW RENTED-SIGNED LEASE IN PLACE FOR $4,750.00* PLUS UNIT #2 (3 BDR 3 BATH) IS NOW LEASED-SIGNED LEASE IN PLACE FOR $3,500.00 You won't find a better condo living alternative than this Contemporary 3 Unit NEW CONSTRUCTION property built in 2020 consisting of 3-story Units situated in one of the most exciting neighborhoods: MID CITY-WEST ADAMS! Everywhere you look there are new ventures & growth, walking distance to the Culver City Arts District. This neighborhood is rapidly becoming the hottest rental market in Los Angeles, with several of the most highly anticipated mixed-use developments coming in within 5-7 minutes of this property: the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), Apple's Culver City Campus, and the Cumulus District Residences ideal for live, work and play. With the influx of entertainment, tech and creative jobs coming to town, 5424 Smiley will attract high quality professional tenants or simply live in 1 and rent the other 2-endless possibilities. This property boasts an unbeatable setup: a free-standing 4 bedroom, 4.5 bathroom house in the front ($4,750 projected-leased) and a duplex in the rear containing two 3 bedroom, 3 bathroom units with all the modern amenities, central ac/heat and appliances including washer and dryer hook ups inside each garage. This design choice is invaluable to Tenants who appreciate having their own separate outdoor space including the convenience of not having to share parking. Centrally located to public transportation & major freeways! We welcome your 1031 exchange here, this property offers investors the freedom of NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, a 1 year fit-and-finish warranty & the ease of owning a hassle-free 2020 construction with the Certificate of Occupancy issued 4/2021. Do not miss out on this opportunity: instant cash flow at close of escrow!
Listing description from the June 2021 sale, as reported to CRMLS.
Sale history
