
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@mayeliangroup.com