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5511 Smiley Drive, Los Angeles, CA

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5511 Smiley Drive

Los Angeles, CA 90016 - West Adams MF Submarket


Property Type:Multi-Family Number of Units:7 Status:Existing Year Built:1964
Stories:2 Building Size:5,670 SF Land Area:.17 AC (7,187 SF)
For Sale Price:$1,350,000 Price/Unit:$192,857.14 Cap Rate:3.24 % GRM:16.61

Parking:1.06 Parking Spaces / 1,000 SF




Property Description: 7-UNIT APARTMENT BUILDING




Sale Notes:
The Property consists of one two-story building situated on a 7,196 sf parcel. The property features 7 units, including an excellent mix of three 1 bedroom unit and four 2 bedroom units with new windows, paint, and new copper plumbing. The value add on opportunity offers investors the ability to increase rental income by approximately 40% via interior and common area renovations. This opportunity is all about upside potential.
24 hour notice to show. All units are tenant occupied. Do not disturb tenants.

EAST OF LA CIENEGA, WEST OF LA BREA, NORTH OF JEFFERSON AND SOUTH OF W ADAMS BLVD.

Berkshire Hathaway
Kathleen Becker
(323) 819-4760




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