5435 Smiley Dr., Los Angeles, CA 90016 - PW24072586 - iPro Real Estate

5435 Smiley Dr.
Los Angeles, CA 90016

Active, Multi-Family/Income Sale

For Sale

$1,000,000 $208.03 per sqft

Free Professional CMA

Listing ID : PW24072586

  • Lot Size

    4,807 Sqft
  • Year

    1921

Description

5435 Smiley Dr is a triplex consisting of a 2BD/2BA/977sf front unit, a middle efficiency studio unit, and a back 2BD/1BA/671sf unit in the heart of trendy West Adams. Substantial upside in rents (pro-forma 7% cap) and zoned LARD1.5 in TOC tier 3 allowing for increased density and FAR bonuses, this property presents an exceptional opportunity for owner occupancy and promises to be a developer's dream. The middle unit has recently undergone full renovation and the front and back unit both have updated kitchens, bathrooms, flooring, and individual laundry. Front and back units are separately metered for electricity and gas. Drive-by only, please do not disturb residents.

Details

Type: Multi-Family/Income Sale 
Subdivision: C16 - Mid Los Angeles 
County: Los Angeles 
Tax ID: 5043018021
Cap Rate: 7.11% 
Gross Rent Multiplier: 10.68 
Days on Market: 95 
AltCal ID: CRPW24072586 
Laundry: In Closet, Other 
Number of Buildings: 3 
Number of Units: 3 
Parking Spaces: 5 
Property Type: Commercial Sale 
Roof: Tile, Composition 
Sub Type: Triplex 
Water: District - Public 

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34.030094 -118.366295 $1,000,000 PW24072586
5435 Smiley Dr., Los Angeles, CA 90016
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Listed by Stephen Jeong with Keller Williams Realty Irvine

Based on information from the MLSListings MLS) as of 7/16/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 7/16/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2024 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes