5435 Smiley Drive Los Angeles, CA ^$ 1,000,000

5435 Smiley Drive

^$ 1,000,000

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5435 Smiley Drive

Los Angeles, CA, 90016

^$ 1,000,000

Bedrooms5 Baths4.0 Sq 1,873

Monthly Estimate*

^$ 6,985

Listed by Keller Williams Realty Irvine

5435 Smiley Drive, Los Angeles, CA 90016 - Image 1

5435 Smiley Drive, Los Angeles, CA 90016 - Image 2

5435 Smiley Drive, Los Angeles, CA 90016 - Image 3

5435 Smiley Drive, Los Angeles, CA 90016 - Image 4

5435 Smiley Drive, Los Angeles, CA 90016 - Image 5

5435 Smiley Drive, Los Angeles, CA 90016 - Image 6

Multi-Family Home for sale in Los Angeles, CA

for $1,000,000 with 5 bedrooms and 4 full baths. This 1,873 square foot home was built in 1921 on a lot size of 0.1104.

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.

Multi-Family Active

Price

^$ 1,000,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,900

Style

Triplex

Lot Size

0.1104

Year Built

1921

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW24072586

Days on Market

Features

General

Sewer PublicSewer

Heating FloorFurnace NaturalGas

Cooling None

Utilities ElectricityConnected NaturalGasConnected WaterConnected

Possession CloseOfEscrow

Roof Composition Tile

Zoning LARD1.5

HOA 0.0

Garage Spaces 0.0

Pool Features None

Year Built 1921

Stories 1

Levels One

Property SubType Triplex

Gross Income 93600.0

Community Features StreetLights Sidewalks Urban

County Los Angeles

Net Operating Income 71092.0

Operating Expense 20732.0

Insurance Expense 1500.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions CLA

City Los Angeles

Entry Location 1

View Y/N N

Senior Community Y/N N

Open Parking Spaces 5.0

Total Units 3

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 4807.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 2

Street Name Smiley

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 5900.0

Electric Expense 500.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 1250.0

Water Sewer Expense 1250.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 4

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 234

Total Actual Rent 3750.0

Property Sub Type Additional Triplex

Taxes 11994.0

Cap Rate 7.11

Exterior

Parking Features Driveway Gated

Lot Features Level

Water Source Public

Total Parking 5.0

Lot Size Area 4807.0

Number of Buildings 3

Spa N

Building Area Total 1873.0

Lot Size Acres 0.1104

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Street Suffix Drive

Laundry Features Inside LaundryCloset SeeRemarks

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 5435

* Excluded Features

List By

Keller Williams Realty Irvine

Broker

(714) 309-2708

Phone

Affordability Calculator

$7,477

Per Month

Monthly Principal & Interest: $6,985
Monthly Property Taxes: $492
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,993,562

Percent of Sale Price 99%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/12/2024	$1,000,000		Listed Price

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5435 Smiley Drive, Los Angeles, CA, 90016 is a Multi-Family Home for sale at $1,000,000 with 1,873 sqft and a lot size of 0.1104. 5435 Smiley Drive has 5 bedrooms, 4.0 baths, and was built in 1921. The property's zip code is 90016 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/6/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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5435 Smiley Drive

Multi-Family Home for sale in Los Angeles, CA

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