Los Angeles, CA 90016,5430 Smiley DR
Los Angeles, CA 90016,5430 Smiley DR
Los Angeles, CA 90016,5430 Smiley DR
16
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$1,550,000
Est. payment /mo
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11 Beds
9 Baths
4,849 SqFt
Price Dropped by $86K

5430 Smiley DR Los Angeles, CA 90016

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Rhea Wallace

Rhea Wallace

+1(657) 443-3446

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,849 sqft

Price per Sqft $319

MLS Listing ID 25631731

Bedrooms 11

HOA Y/N No

Year Built 1961

Lot Size 9,600 Sqft

Property Description

Prime investment opportunity in the rapidly emerging West Adams submarket of Los Angeles. Located at 5430-5434 Smiley Drive, the property consists of 7 one bedroom one bathroom apartment units and 2 detached homes comprised of two bedroom units with one and one half bathrooms, all situated on approximately 9,601 square feet of land with convenient access to the I 10 freeway. This property is in an Opportunity Zone and a seismic retrofit has recently been completed, providing added long term stability and tax advantages, while significant value add potential remains throughout. The two detached homes offer compelling renovation and construction upside, creating an opportunity to further enhance rental income and overall asset value, in addition to ADU potential within the existing carport. The unique unit composition combined with below market rents presents an excellent opportunity for investors to capture nearly 60% rental upside with an attractive current cap of over 5.6%

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Cooling None

Fireplace No

Exterior

Parking Features Driveway, Garage, One Space, Tandem

Total Parking Spaces 5

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5043019005

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

CRMLS – RECore
Listed by Coby Chatwin Link Brokerages

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    El Marino Elementary School

    Public | KG - 5

  • 10

    Farragut Elementary School

    Public | KG - 5

  • 9

    Beverly Vista School

    Public | KG - 8

  • 9

    Canfield Avenue Elementary School

    Public | KG - 5

  • 9

    Horace Mann School

    Public | KG - 8

  • 8

    Castle Heights Elementary School

    Public | KG - 5

  • 8

    El Rincon

    Public | KG - 5

  • 8

    Hancock Park Elementary

    Public | KG - 5

  • 8

    3rd Street Elementary School

    Public | KG - 5

  • 8

    Queen Anne Place Elementary School

    Public | KG - 5

  • 7

    Linwood E. Howe Elementary School

    Public | KG - 5

  • 7

    Baldwin Hills Elementary School

    Public | KG - 5

  • 7

    New Heights Charter

    Public | KG - 8

  • 6

    Marvin Avenue Elementary

    Public | KG - 5

  • 6

    Cienega Elementary School

    Public | KG - 5

  • 5

    Shenandoah Street Elementary School

    Public | KG - 5

  • 5

    City Charter Elementary School

    Public | KG - 5

  • 5

    Celerity Nascent Charter

    Public | KG - 8

  • 4

    Palms Elementary

    Public | KG - 5

  • 4

    Crescent Heights Blvd School

    Public | KG - 5

Middle Schools 16
  • 8

    Los Angeles Center for Enriched Studies

    Public | 6 - 12

  • 7

    Culver City Middle School

    Public | 6 - 8

  • 6

    New los Angeles Charter

    Public | 6 - 8

  • 6

    John Burroughs Middle School

    Public | 6 - 8

  • 6

    Alliance Ouchi-O'Donovan 6-12 Complex

    Public | 6 - 12

  • 5

    Magnolia Science Academy 6

    Public | 6 - 8

  • 5

    Pico Pico Middle School

    Public | 6 - 8

  • 1

    Audubon Middle School

    Public | 6 - 8

  • 1

    View Park Preparatory Accelerated Charter Middle School

    Public | 6 - 8

  • 1

    Johnnie Cochran Jr. Middle School

    Public | 6 - 8

  • 0

    Angela's Workshop

    Private | 6 - 12

  • 0

    Yeshivat Ohr Chanoch

    Private | 8 - 12

  • 0

    Star Preparatory Academy

    Private | 6 - 12

  • 0

    Urban Village Middle School

    Public | 6 - 8

  • 0

    Marlborough School

    Private | 7 - 12

  • 0

    Frederick Douglass Academy Middle School

    Public | 6 - 8

High Schools 20
  • 8

    Culver City High School

    Public | 9 - 12

  • 7

    Math and Science College Preparatory

    Public | 9 - 12

  • 7

    Frederick Douglass Academy High School

    Public | 9 - 12

  • 6

    Crenshaw Arts-Technology Charter High School

    Public | 9 - 12

  • 5

    Alexander Hamilton High School

    Public | 9 - 12

  • 5

    View Park Preparatory Accelerated High School

    Public | 9 - 12

  • 3

    Los Angeles High School

    Public | 9 - 12

  • 1

    Dorsey High School

    Public | 9 - 12

  • 1

    Crenshaw Magnet High School

    Public | 9 - 12

  • 0

    Yula Boys High School

    Private | 9 - 12

  • 0

    Culver Park High School

    Public | 10 - 12

  • 0

    Cheviot Hills Continuation

    Public | 9 - 12

  • 0

    Yula Girls High School

    Private | 9 - 12

  • 0

    Mesivta Birkas Yitzchok

    Private | 9 - 12

  • 0

    Shalhevet High School

    Private | 9 - 12

  • 0

    Shalhevet School

    Private | 9 - 12

  • 0

    Harkham-Gaon Acadamy

    Private | 9 - 12

  • 0

    Yeshiva Gedolah of los Angeles

    Private | 9 - 12

  • 0

    View Park Continuation

    Public | 9 - 12

  • 0

    Slauson Learning Center 1

    Private | 9 - 12

School and business data provided by Attom Data.

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5430 Smiley DR