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Listed By: Equity Union, Anie Mayelian, 00778825
Listing Sold By: Equity Union
Local Realty Services Provided By: Keller Williams Beverly Hills
US / CA / Los Angeles / Mid-City Southwest / 5411 Smiley Drive
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US / CA / Los Angeles / Mid-City Southwest / 5411 Smiley Drive
5411 Smiley Drive, Los Angeles, CA 90016
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US / CA / Los Angeles / Mid-City Southwest / 5411 Smiley Drive

5411 Smiley Drive, Los Angeles, CA 90016

Estimation provided by Keller Williams Realty, LLC.
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Closed
Sold
Open House:
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Property Description

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.

Property Details

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Overview
Property Type
Quadruplex
Property Size
sq ft
Year Built
1965
Days on Site
998 Days
Parking
4 Parking Spaces
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Activity History

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US / CA / Los Angeles / Mid-City Southwest /

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Estimated commute times from Mid-City Southwest
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