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5424 Smiley Dr, Los Angeles, CA 90016
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5424 Smiley Dr Los Angeles, CA 90016

$2,075,000 Sold Price as of 06/23/2021
  • 10 Beds
  • 11 Baths
  • 4,600 Sq.Ft.
Sold
$2,075,000 Sold Price as of 06/23/2021 Refinance Your Mortgage
Map preview of 5424 Smiley Dr, Los Angeles, CA 90016

Property Overview: 5424 Smiley Dr Los Angeles, CA has 10 bedrooms, 11 bathrooms, 4,600 living square feet and 4,801 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 5424 Smiley Dr: **1 UNIT IS NOW RENTED-SIGNED LEASE IN PLACE FOR $4,750.00* PLUS UNIT #2 (3 BDR 3 BATH) IS NOW LEASED-SIGNED LEASE IN PLACE FOR $3,500.00 You won't find a better condo living alternative than this Contemporary 3 Unit NEW CONSTRUCTION property built in 2020 consisting of 3-story Units situated in one of the most exciting neighborhoods: MID CITY-WEST ADAMS! Everywhere you look there are new ventures & growth, walking distance to the Culver City Arts District. This neighborhood is rapidly becoming the hottest rental market in Los Angeles, with several of the most highly anticipated mixed-use developments coming in within 5-7 minutes of this property: the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), Apple's Culver City Campus, and the Cumulus District Residences ideal for live, work and play. With the influx of entertainment, tech and creative jobs coming to town, 5424 Smiley will attract high quality professional tenants or simply live in 1 and rent the other 2-endless possibilities. This property boasts an unbeatable setup: a free-standing 4 bedroom, 4.5 bathroom house in the front ($4,750 projected-leased) and a duplex in the rear containing two 3 bedroom, 3 bathroom units with all the modern amenities, central ac/heat and appliances including washer and dryer hook ups inside each garage. This design choice is invaluable to Tenants who appreciate having their own separate outdoor space including the convenience of not having to share parking. Centrally located to public transportation & major freeways! We welcome your 1031 exchange here, this property offers investors the freedom of NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, a 1 year fit-and-finish warranty & the ease of owning a hassle-free 2020 construction with the Certificate of Occupancy issued 4/2021. Do not miss out on this opportunity: instant cash flow at close of escrow!

Listed by XIO SANDOVAL | BRE #01308913 | CENTURY 21 REALTY MASTERS
Co-listed by XIO SANDOVAL | BRE #01308913 | CENTURY 21 REALTY MASTERS
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
4,801
HOA Dues
$0/mo
Year built
2021
Garage
6 Car
Property Type:
Triplex
Status
Sold
MLS#
MB21083203
City
Los Angeles
County
Los Angeles
Time on Site
1093 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 5
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,750
  • Total Rent: $4,750
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $141,000
  • Net Operating Income: $105,623
  • Gross Operating Income: $135,360
  • Vacancy Allowance: $5,640
Annual Expense Breakdown
  • Total Operating Expense: $29,737
  • New Taxes: $26,237
  • Trash: $0
  • Gardener: $600
  • Insurance: $1,700
  • Maintenance: $1,200
  • Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 5424 Smiley Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Garage, Inside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • Kitchen, Living Room, Master Bathroom, Master Bedroom, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Microwave, Refrigerator
Interior Features
  • Balcony, Living Room Balcony, Open Floorplan, Recessed Lighting
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Roof: Flat
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Landscaped, Level with Street, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 3
  • Parcel Number: 5043019003
  • Year Built Source: Builder
  • Architectural Style: Modern
  • Property is Attached
  • Property Condition: Turnkey
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: On Smiley, South of the 405
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 5424 Smiley Dr

Last sold for $2,075,000 on June 23rd, 2021

  • June, 2021

  • Jun 23, 2021

    Date

    Sold

    CRMLS: MB21083203

    $2,075,000

    Price

  • Jun 7, 2021

    Date

    Pending

    CRMLS: MB21083203

    $2,099,000

    Price

  • May 10, 2021

    Date

    Active Under Contract

    CRMLS: MB21083203

    $2,099,000

    Price

  • Apr 21, 2021

    Date

    Active

    CRMLS: MB21083203

    $2,099,000

    Price

  • April, 2021

  • Apr 27, 2021

    Date

    Leased

    CRMLS: BB21043910

    $3,500

    Price

  • Mar 29, 2021

    Date

    Price Change

    CRMLS: BB21043910

    $3,499

    Price

  • Mar 25, 2021

    Date

    Price Change

    CRMLS: BB21043910

    $3,545

    Price

  • Mar 16, 2021

    Date

    Price Change

    CRMLS: BB21043910

    $3,640

    Price

  • Mar 3, 2021

    Date

    Active

    CRMLS: BB21043910

    $3,737

    Price

  • Listing provided courtesy of CRMLS

    Never-been-lived-in BRAND NEW CONSTRUCTION 3b/3b townhome! Private 2-car garage! Every bedroom has it's own bathroom! Multiple Balconies! Shared outdoor space! You have to see it to believe it! Absolutely stunning Modern Home in the most upcoming pocket of Mid City/West Adams. Live less than 10 minutes ($10 Uber Ride) from trendy Downtown Culver City + the Culver City Arts District! You’re MINUTES from the hippest restaurants + bars in town, like Father’s Office, Pasta Sisters, Blue Bottle Coffee, Mandrake, Honey Kettle, CAVA, Bondi Harvest, The Culver Hotel + way way more! This is the PERFECT in-between for anyone commuting to opposite ends of LA. Other perks this home has to offer: -Attached private 2 car garage -Multiple balconies off bedrooms -Shared outdoor space with just one other unit -Huge floor to ceiling windows letting in tons of natural light -Bathrooms for every bedroom, no sharing -Amazing closet space and some rooms even have two closests -Brand new washer/dryer and stainless-steel kitchen appliances will come included -High quality kitchen features such as stainless-steel sink, designer dark grey backsplash, and premium white cabinets -Designer Tile + Fixtures -Bathroom Vanities -Central Air Conditioning + Heating Check out the virtual tour here- https://youtu.be/F3h0BIi21bI

  • April, 2021

  • Apr 16, 2021

    Date

    Canceled

    CRMLS: BB21033662

    $2,099,000

    Price

  • Apr 14, 2021

    Date

    Pending

    CRMLS: BB21033662

    $2,099,000

    Price

  • Mar 29, 2021

    Date

    Price Change

    CRMLS: BB21033662

    $2,099,000

    Price

  • Feb 18, 2021

    Date

    Active

    CRMLS: BB21033662

    $2,150,000

    Price

  • Listing provided courtesy of CRMLS

    5422 Smiley is a new construction triplex walking distance to the Culver City Arts District with the front unit already leased out for $4,750 /month by 800+ credit score tenants (in a week on market)! Walk less than a mile to the ultra-trendy Helms Bakery District. This is a prime opportunity to secure MAJOR tax benefits while owning a stunning 2021 triplex (freestanding SFR + duplex) with floorplans that are without question the most desired by tenants: townhome style with private 2-car garages! This neighborhood is rapidly becoming the hottest rental market in Los Angeles, with several of the most ground-breaking mixed-use developments a few minutes away: Platform, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus development (Whole Foods). With the influx of entertainment, tech and creative jobs coming to town, 5424 Smiley will attract high quality professional tenants! In addition to its prime central location, 5424 Smiley boasts countless other perks including: a remarkable projected cap rate of 5.34%, units with massive bedrooms and breathtaking city views, a 1 year builder’s warranty, minimal maintenance, separate meters for gas, water & electric, laundry hookups in each unit, stainless steel kitchen appliances, high quality finishes, upscale modern kitchens, stunning bathrooms, and spacious, open floorplans.

  • January, 2021

  • Jan 26, 2021

    Date

    Expired

    CRMLS: BB20246331

    $2,150,000

    Price

  • Jan 25, 2021

    Date

    Withdrawn

    CRMLS: BB20246331

    $2,150,000

    Price

  • Nov 25, 2020

    Date

    Pending

    CRMLS: BB20246331

    $2,150,000

    Price

  • Nov 25, 2020

    Date

    Active

    CRMLS: BB20246331

    $2,150,000

    Price

  • Listing provided courtesy of CRMLS

    5424 Smiley is a sleek, impressively constructed 2020/2021 triplex walking distance to the Culver City Arts District. This neighborhood is rapidly becoming the hottest rental market in Los Angeles, with several of the most highly anticipated mixed-use developments coming in within 5-7 minutes of this property: the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus development. With the influx of entertainment, tech and creative jobs coming to town, 5424 Smiley will attract high quality professional tenants! This property boasts an unbeatable setup: a free-standing 4 bedroom, 4.5 bathroom house in the front ($4,850 projected rent) and a duplex in the rear containing two 3 bedroom, 3 bathroom units ($3,900 projected rent for each unit). In addition to its prime central location, 5424 Smiley boasts countless other perks including: a remarkable 5.41% cap rate, NO RENT CONTROL, a 1 year builder’s warranty, little to no maintenance, separate meters for gas, water & electric, laundry hookups in each unit, stainless steel appliances, high quality finishes, upscale modern kitchens, stunning bathrooms and extremely spacious, open floorplans.

  • January, 2020

  • Jan 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $660,000

    Price

  • December, 2019

  • Dec 27, 2019

    Date

    Sold

    CRMLS: MB19269125

    $660,000

    Price

  • Dec 15, 2019

    Date

    Pending

    CRMLS: MB19269125

    $650,000

    Price

  • Nov 30, 2019

    Date

    Active Under Contract

    CRMLS: MB19269125

    $650,000

    Price

  • Nov 21, 2019

    Date

    Active

    CRMLS: MB19269125

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 5424 Smiley Dr: Attention all developer/investor: Situated in the sought-after area of Mid City Los Angeles. Centered right in the middle of short driving to Downtown and Santa Monica. Zoning LARD1.5 ! Buyer to do their own investigations about usability! Minutes away from 10 FWY and close to all popular attractions and Metro Line. Property to be SOLD-AS IS, NO EXCEPTIONS!

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Tax History for 5424 Smiley Dr

Assessed Value (2020): $282,028
Year Land Value Improved Value Assessed Value
2020 $243,770 $38,258 $282,028

Home Value Compared to the Market

This property vs the competition

5424 Smiley Dr sold on June 23, 2021 for 76.39% 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 $456.3 per/sqft which puts the price per square foot 39.56% lower than the current median sale per square foot for the city of Los Angeles.

About 5424 Smiley Dr

Detailed summary of property

5424 Smiley Dr is a triplex that recently sold in Los Angeles, CA 90016. This triplex offered 10 bedrooms, 11 bathrooms, roughly 4,600 living square feet, and sits on an approximately 4,801 square foot lot. 5424 Smiley Dr was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $2,075,000. 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 76.39% higher than the current median priced home. Local homes that are currently for sale include 1236 Hi Point St, 8607 Airdrome St and 1647 S Holt Ave. While the average home in Los Angeles, CA is selling in 93 days, 5424 Smiley Dr has a days on market of 20 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 5424 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 5424 Smiley Dr

Public county record property details
Beds
2
Baths
1
Year built
1922
Sq. Ft.
672
Lot Size
4,800
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
264
APN
5043-019-003

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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Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 5424 Smiley Dr

5418 Smiley Dr, Los Angeles, CA 90016
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5411 Smiley Dr
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$2,220,000 Last Sold Price
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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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