5411 Smiley Drive
Los Angeles, CA 90016

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Property Details

Address:                    5411 Smiley Dr

Price:                          $1,250,000

Property Type:           Multifamily  

Lot Size:                     4,745 SF

Location:                    West Adams

Building Size:              3,276 SF

Number of Units:        4

Zoning:                        LARD1.5

Mayelian Apartment  Group presents Presenting 5411 Smiley Dr., in West Adams, 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.

Anie Mayelian
Phone: 
(818) 915-9118
Email: Anie@mayliangroup.com
Contact Information