5511 Smiley Dr Los Angeles, CA 90016-3245
Property profile & analytics
5511 Smiley Dr Los Angeles, CA 90016-3245
- Apartment buildings
- 5,670 SF
- 0.17 lot acres
Property ID
US09-6340797
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 5511 Smiley Dr
- Lot size
- 0.17 lot acres
- Property size
- 5,670 SF
- Zone code
- LARD2
- Property type
- Apartment buildings
- APN
- 5048-024-026
- APU
- 5048024026
Description
This 7-unit apartment building in Los Angeles' West Adams neighborhood presents a compelling value-add opportunity. The property, built in 1964, features a mix of unit sizes: one 2+2, three 2+1, and three 1+1 units, totaling 5,670 square feet on a 7,198 square foot lot (50% larger than standard). Currently boasting 100% occupancy, the property generates a NOI of $70,057, with a pro-forma NOI of $145,978, representing a significant upside potential (69.7% uncaptured rental upside, 8.6% pro-forma cap rate). Recent upgrades include a newer roof, exterior paint, and security cameras. Nine parking spaces are available for tenants, along with owned laundry machines providing additional income. The property is located in an Opportunity Zone and has a Tier 3 TOC designation. Its prime location offers easy access to major freeways, employment centers, public transit (0.7 miles from La Cienega/Jefferson Metro station), parks (Westside Neighborhood Park), and schools (Marvin Avenue Elementary, Argo Navis Middle School, Hamilton High School). The asking price is $1,695,000 ($298.94/sq ft, $235.42/sq ft land value, $242,143/unit). The property is zoned LARD2-1 and features a 2-story building. This investment offers a strong potential for appreciation and cash flow.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,624,000
Market price range: $707k - $1.62M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,215,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $2,400,000 Change: +97% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $1,890,000 Change: +55% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.364
- Latitude
- 34.0297
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,233
$910,262
$597,358
$1,507,620
-
$0.00
$0.00
$0.00
