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5411 Smiley Dr Los Angeles, CA 90016

$1,180,000 Sold Price as of 12/22/2022
  • 8 Beds
  • 6 Baths
  • 3,276 Sq.Ft.
Sold
$1,180,000 Sold Price as of 12/22/2022 Refinance Your Mortgage
Map preview of 5411 Smiley Dr, Los Angeles, CA 90016

Property Overview: 5411 Smiley Dr Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,276 living square feet and 4,745 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Anie Mayelian | BRE #00778825 | Equity Union
Last checked: 6 minutes ago | Last updated: December 22nd, 2022 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
4,745
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
SR22229813
City
Los Angeles
County
Los Angeles
Time on Site
561 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,520
  • Total Rent: $1,520
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.4%
  • Gross Rent Multiplier: 14.5
  • Gross Scheduled Income: $86,040
  • Net Operating Income: $55,066
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $28,393
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $15,625
  • Trash: $0
  • Insurance: $2,226
  • Water/Sewer: $0

Property Details for 5411 Smiley Dr

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5043017017
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: .
Neighborhood Information
  • Community Features: Curbs, Park, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 5411 Smiley Dr

Last sold for $1,180,000 on December 22nd, 2022

  • December, 2022

  • Dec 22, 2022

    Date

    Sold

    CRMLS: SR22229813

    $1,180,000

    Price

  • Oct 26, 2022

    Date

    Active

    CRMLS: SR22229813

    $1,250,000

    Price

  • November, 2022

  • Nov 1, 2022

    Date

    Expired

    CRMLS: 22170836

    $1,350,000

    Price

  • Jun 21, 2022

    Date

    Active

    CRMLS: 22170836

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

    Well maintained 4 unit property on quiet residential street in the heart of Los Angeles. Walking distance to La Cienega & Jefferson Metro Station, this property is comprised of 4 attached townhouse-styled units (each with 2 second floor bedrooms and 1 1/2 bathrooms), a separate utility building for laundry and 4 parking spaces at the front of the fenced lot. Unit 3 is VACANT for new owners ; all units metered individually for electricity. Property is sold As-Is. PLEASE DO NOT DISTRURB TENANTS. DRIVE BY ONLY. 1031 Exchange required.

  • August, 2021

  • Aug 3, 2021

    Date

    Active

    CRMLS: 21768114

    $1,298,000

    Price

  • Listing provided courtesy of CRMLS

    Well maintained 4 unit property on quiet residential street in the heart of Los Angeles. Walking distance to La Cienega & Jefferson Metro Station, this property is comprised of 4 attached townhouse-styled units (each with 2 second floor bedrooms and 1 1/2 bathrooms), a separate utility building for laundry and 4 parking spaces at the front of the fenced lot. Building is fully occupied ; all units metered individually for electricity. Property is sold As-Is. PLEASE DO NOT DISTRURB TENANTS. DRIVE BY ONLY. 1031 Exchange required.

  • October, 2017

  • Oct 31, 2017

    Date

    Expired

    CRMLS: 17235414

    $1,675

    Price

  • Jun 3, 2017

    Date

    Withdrawn

    CRMLS: 17235414

    $1,675

    Price

  • May 26, 2017

    Date

    Active

    CRMLS: 17235414

    $1,675

    Price

  • Listing provided courtesy of CRMLS

    Gated Townhome style unit offers 2bed and 1.5 bath with new carpet and remodeled bath. The Unit is vacant and easy to show.

  • May, 2017

  • May 23, 2017

    Date

    Sold (Public Records)

    Public Records

    $889,000

    Price

  • May, 2017

  • May 23, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5411 Smiley Dr

Assessed Value (2020): $943,412
Year Land Value Improved Value Assessed Value
2020 $742,845 $200,567 $943,412

Home Value Compared to the Market

This property vs the competition

5411 Smiley Dr sold on December 22, 2022 for 5.04% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $381.56 per/sqft which puts the price per square foot 49.46% lower than the current median sale per square foot for the city of Los Angeles.

About 5411 Smiley Dr

Detailed summary of property

5411 Smiley Dr is a fourplex that recently sold in Los Angeles, CA 90016. This fourplex offered 8 bedrooms, 6 bathrooms, roughly 3,276 living square feet, and sits on an approximately 4,745 square foot lot. 5411 Smiley Dr was first listed on ArdentRealEstateGroup.com on October 26, 2022. The homeowner sold the property for $1,180,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 5.04% higher than the current median priced home. Local homes that are currently for sale include 1814 S Sycamore Ave, 2531 Hillcrest Dr and 4840 Mascot St. While the average home in Los Angeles, CA is selling in 94 days, 5411 Smiley Dr has a days on market of 37 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 5411 Smiley Dr Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5411 Smiley Dr

Public county record property details
Beds
8
Baths
8
Year built
--
Sq. Ft.
3,276
Lot Size
4,744
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
240
APN
5043-017-017

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,099,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
75
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

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Homes for Sale Near 5411 Smiley Dr

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Recently Sold Homes Near 5411 Smiley Dr

5424 Smiley Dr, Los Angeles, CA 90016
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11 Baths
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5424 Smiley Dr
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5418 Smiley Dr, Los Angeles, CA 90016
$890,000 Last Sold Price
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5418 Smiley Dr
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5410 Blackwelder St, Los Angeles, CA 90016
$1,360,000 Last Sold Price
8 Beds
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5410 Blackwelder St
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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