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5511 Smiley Drive Los Angeles, CA 90016
$1,490,000 11 beds, 8 baths
5, 670 sqft
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Agent Remarks

5511 Smiley Drive is a 7-unit apartment building situated in the heart of the burgeoning West Adams neighborhood. A savvy investor will have the opportunity to increase the building's value by exploiting its huge rental upside (approximately 66%), by way of future tenant turnover and capital improvements. The property's diverse unit mix consists of one 2+2, three 2+1's, and three 1+1's. Numerous upgrades such as security camera installation, vinyl windows, a newer roof, and exterior paint have been made for lower maintenance ownership. There is ample tenant parking, owned communal laundry machines, and a storage room that could be rented or retained for the owner's use. Lastly, the 7,200 square foot lot is 50% larger than the standard 4,800 square foot lot for the area. Superbly located just steps away from the heart of the West Adams commercial corridor, 5511 Smiley Drive provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 83 walk score and is central to major employment, freeways, and points of interest alike. Tenants with children have numerous nearby parks and schools to choose from, including Westside Neighborhood Park, Marvin Avenue Elementary, and Hamilton High School. Public transit is also easily accessible at the La Cienega/Jefferson Metro station at just 0.7 miles away. With 5511 Smiley, investors can hedge against inflation, leverage tax advantages, and add more value.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25557631
List price is $1,490,000
Beds: 11
Baths: 8
None fireplaces
Built in 1964
5,670 sqft
2 stories
0.17 acres
Lot size: 0.1652
County: Los Angeles
Zoning: LARD2
Construction: Frame,Stucco
Interior features: Ceiling Fan(s)
Appliances: Disposal,Microwave,Refrigerator
Parking description: Assigned,Carport,Garage,Side By Side,Tandem
MLS area: C16 - Mid Los Angeles

Last Updated: 6/27/2025

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 Find more homes in 90016 zip code

This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.029727, -118.364059.
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Listing Agent: Jordan Peikin
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
Lic#: 01317331

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