5511 Smiley Drive, Los Angeles, CA 90016

• 5,670 sqft

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 easil

Listing Status:

Pending

Date Added:

June 27, 2025 at 05:00AM

Listing Office:

Datashare CR Default Office Don't Delete :

Listing Agent:

Jordan Peikin : 310-467-5167

MLS ID:

CL25557631

Interior

• Laundry: Common AreaLaundry Room
• Flooring: LaminateTileCarpet

Exterior

• Parking: AssignedTandemOtherSide By Side

Construction

• General: StuccoOther

Location

• County: Los Angeles

Lot

• Zoning: LARD5048024026
• View: City Lights

Utilities

• Utilities: Other Water/Sewer
• Water: Other

This listing courtesy of Jordan Peikin, Datashare CR Default Office Don't Delete