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5435 Smiley Dr, Los Angeles, CA 90016
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5435 Smiley Dr Los Angeles, CA 90016

$1,000,000
  • 5 Beds
  • 4 Baths
  • 1,873 Sq.Ft.
For Sale
$1,000,000 Get Pre-Qualified
Map preview of 5435 Smiley Dr, Los Angeles, CA 90016

Property Overview: 5435 Smiley Dr Los Angeles, CA has 5 bedrooms, 4 bathrooms, 1,873 living square feet and 4,807 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 5435 Smiley Dr is a triplex consisting of a 2BD/2BA/977sf front unit, a middle efficiency studio unit, and a back 2BD/1BA/671sf unit in the heart of trendy West Adams. Substantial upside in rents (pro-forma 7% cap) and zoned LARD1.5 in TOC tier 3 allowing for increased density and FAR bonuses, this property presents an exceptional opportunity for owner occupancy and promises to be a developer's dream. The middle unit has recently undergone full renovation and the front and back unit both have updated kitchens, bathrooms, flooring, and individual laundry. Front and back units are separately metered for electricity and gas. Drive-by only, please do not disturb residents.

Listed by Stephen Jeong | BRE #01967125 | Keller Williams Realty Irvine
Last checked: 14 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
4,807
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Triplex
Status
Active
MLS#
PW24072586
City
Los Angeles
County
Los Angeles
Time on Site
19 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # 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: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.11%
  • Gross Rent Multiplier: 10.68
  • Gross Scheduled Income: $93,600
  • Net Operating Income: $71,092
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $20,732
  • Electric: $500
  • Gas/Fuel: $0
  • New Taxes: $11,994
  • Trash: $1,250
  • Insurance: $1,500
  • Water/Sewer: $1,250

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Property Details for 5435 Smiley Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • In Closet, Inside, See Remarks
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition, Tile
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway, Gated
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5043018021
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: CLA
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 5435 Smiley Dr

Last sold for $370,000 on June 4th, 2008

  • April, 2024

  • Apr 12, 2024

    Date

    Active

    CRMLS: PW24072586

    $1,000,000

    Price

  • June, 2008

  • Jun 4, 2008

    Date

    Sold (Public Records)

    Public Records

    $370,000

    Price

  • September, 2007

  • Sep 26, 2007

    Date

    Sold (Public Records)

    Public Records

    $83,230

    Price

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Tax History for 5435 Smiley Dr

Assessed Value (2020): $444,376
Year Land Value Improved Value Assessed Value
2020 $360,308 $84,068 $444,376

Home Value Compared to the Market

This property vs the competition

5435 Smiley Dr is listed 19.09% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $533.9 per/sqft which puts the price per square foot 30.93% lower than the median price per square foot for the city of Los Angeles.

About 5435 Smiley Dr

Detailed summary of property

5435 Smiley Dr is a triplex located in Los Angeles, CA 90016 and is currently for sale. This triplex offers 5 bedrooms, 4 bathrooms, roughly 1,873 living square feet, and sits on an approximately 4,807 square foot lot. 5435 Smiley Dr was first listed on ArdentRealEstateGroup.com on April 12, 2024. The homeowner is currently asking $1,000,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 19.09% lower than the median priced home. Local competing homes currently for sale include 1636 S Ridgeley Dr, 1618 S Burnside Ave and 2419 S Palm Grove Ave. While the average home in Los Angeles, CA is selling in 96 days, 5435 Smiley Dr has a days on market of 16 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 5435 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 5435 Smiley Dr

Public county record property details
Beds
4
Baths
2
Year built
1921
Sq. Ft.
1,411
Lot Size
4,805
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
234
APN
5043-018-021

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
$1,150,000
Median List Price/Sq.Ft.
$748
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
74
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%)

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Homes for Sale Near 5435 Smiley Dr

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Recently Sold Homes Near 5435 Smiley Dr

5424 Smiley Dr, Los Angeles, CA 90016
$2,075,000 Last Sold Price
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11 Baths
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5424 Smiley Dr
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5418 Smiley Dr
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5411 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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9 Baths
4303 Sq.Ft.
5462-5464 Geer St
Los Angeles, CA 90016

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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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