5435 Smiley Drive

Los Angeles, CA 90016

$1,000,000
Price
5
Beds
4
Baths
1,873 Sq. Ft.
$534 / Sq. Ft.
1,873
Sq. Ft.
$534
per Sq. Ft.

Description

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...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.
  1. Listed by Stephen Jeong • DRE #01967125 • Brokerage DRE #01926151 • Keller Williams Realty Irvine • sj89@kw.com

Property Details for 5435 Smiley Drive

Parking Spaces Total
5
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1873
Assessor Parcel Number
5043-018-021

Location

Listing Courtesy of Keller Williams Realty Irvine, Stephen Jeong, DRE #01967125
Add your commute
LISTING UPDATED: 04/16/2024 04:59 AM

Property Details for 5435 Smiley Drive

StatusActive
MLS #PW24072586
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.11 AC / 4,807 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Irvine, Stephen Jeong, DRE #01967125
Add your commute

Building Information for 5435 Smiley Drive

Stories1Residences-Year Built1921Building Size-Lot Size0.11 AC / 4,807 SF

Payment Calculator

$5,949 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$492

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5435 Smiley Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $93,600
  • Gross Scheduled Income: $93,600
  • Vacancy Allowance Rate: 2
  • Net Operating Income: $71,092
  • Gross Multiplier: 10.68
  • Cap Rate: 7.11
Expense Details
  • Operating Expense: $20,732
  • New Taxes Expense: $11,994
  • Fuel Expense: $0
  • Electric Expense: $500
  • Insurance Expense: $1,500
  • Trash Expense: $1,250
  • Water Sewer Expense: $1,250
  • Total Expenses: $20,732
Tax / Assessment Info
  • Tax Annual Amount: $5,900
  • Tax Tract Number: 219...
  • CFD/Mello-Roos Fee: $297
  • Tax Lot: 234
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Closet, Inside, See Remarks
  • Cooling: None
  • Heating Type: Floor Furnace, Natural Gas
  • Heat Source: Natural Gas
  • Heating: Floor Furnace, Natural Gas
  • Heat Equipment: Floor Furnace
Exterior Features
  • Roof: Composition, Tile
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway, Gated
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Gated
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 5435 Smiley Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5435 Smiley Drive

Taxable ValueLand$378,746Additions$88,368Total$467,114
Tax Record2023$5,900 ($492 / month)
Home Facts
Total Finished SqFt1,411 SqFtAbove Grade Finished SqFt1,411 SqFtLot Size4,805 SqFtStyleDuplexYear Built1921ZoningLARD1.5CountyLOS ANGELESAPN5043-018-021

Schools near 5435 Smiley Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Marvin Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

New Los Angeles Elementary School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5435 Smiley Drive is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on April 12, 2024 by Keller Williams Realty Irvine, it's currently listed at $1,000,000. It has been on the market for a total of 23 days and was last sold on May 6, 2008. This listing's school district is Los Angeles Unified School District. Nearby schools include Marvin Elementary School, Daniel Webster Middle School and Susan Miller Dorsey Senior High School. 5435 Smiley Drive is a 5-bed, 4-bath, 1,873 sqft multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Irvine, Stephen Jeong, DRE #01967125

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.