Seller's Agent in 2021
Cheyenne Womack
Myunits.com Inc.
(805) 973-7470
1 in this area
18 Total Sales
5424 Smiley Dr Los Angeles, CA 90016
West Adams NeighborhoodEstimated Value: $2,008,000 - $2,418,000
10
Beds
11
Baths
4,600
Sq Ft
$472/Sq Ft
Est. Value
Highlights
- New Construction
- No Units Above
- Open Floorplan
- Marvin Avenue Elementary School Rated 9+
- City Lights View
- Modern Architecture
About This Home
As of June 2021Welcome to 5424 Smiley Dr: **1 UNIT IS NOW RENTED-SIGNED LEASE IN PLACE FOR $4,750.00* PLUS UNIT #2 (3 BDR 3 BATH) IS NOW LEASED-SIGNED LEASE IN PLACE FOR $3,500.00 You won't find a better condo living alternative than this Contemporary 3 Unit NEW CONSTRUCTION property built in 2020 consisting of 3-story Units situated in one of the most exciting neighborhoods: MID CITY-WEST ADAMS! Everywhere you look there are new ventures & growth, walking distance to the Culver City Arts District. This neighborhood is rapidly becoming the hottest rental market in Los Angeles, with several of the most highly anticipated mixed-use developments coming in within 5-7 minutes of this property: the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), Apple's Culver City Campus, and the Cumulus District Residences ideal for live, work and play. With the influx of entertainment, tech and creative jobs coming to town, 5424 Smiley will attract high quality professional tenants or simply live in 1 and rent the other 2-endless possibilities. This property boasts an unbeatable setup: a free-standing 4 bedroom, 4.5 bathroom house in the front ($4,750 projected-leased) and a duplex in the rear containing two 3 bedroom, 3 bathroom units with all the modern amenities, central ac/heat and appliances including washer and dryer hook ups inside each garage. This design choice is invaluable to Tenants who appreciate having their own separate outdoor space including the convenience of not having to share parking. Centrally located to public transportation & major freeways! We welcome your 1031 exchange here, this property offers investors the freedom of NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, a 1 year fit-and-finish warranty & the ease of owning a hassle-free 2020 construction with the Certificate of Occupancy issued 4/2021. Do not miss out on this opportunity: instant cash flow at close of escrow!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2021 | New Construction
Lot Details
- 4,801 Sq Ft Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Landscaped
- Level Lot
Parking
- 6 Car Garage
Property Views
- City Lights
- Neighborhood
Home Design
- Triplex
- Modern Architecture
- Turnkey
- Flat Roof Shape
Interior Spaces
- 4,600 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Recessed Lighting
- Living Room
Kitchen
- Gas Range
- Microwave
- Dishwasher
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- Walk-In Closet
- 11 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Washer and Gas Dryer Hookup
Outdoor Features
- Living Room Balcony
- Exterior Lighting
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas, sewer, trash collection, water
- Tax Lot 264
- Tax Tract Number 67
- Assessor Parcel Number 5043019003
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Gardener Expense $600
- Insurance Expense $1,700
- Maintenance Expense $1,200
- New Taxes Expense $26,237
- Operating Expense $29,737
- Gross Income $11,750
- Net Operating Income $105,623
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 20, 2019
Closed on
Nov 27, 2019
Sold by
Flores Rene Armando
Bought by
5 Star Discount Homes Llc
Seller's Agent
Xio Sandoval
ehomes
Buyer's Agent
Xio Sandoval
ehomes
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,511,032
Avg. Annual Appreciation
21.02%
Original Mortgage
$528,000
Outstanding Balance
$464,504
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,706,528
Purchase Details
Listed on
Nov 20, 2019
Closed on
Nov 23, 2019
Sold by
Flores Rene Armando and Flores Margarita
Bought by
Flores Rene Armando
Seller's Agent
Xio Sandoval
ehomes
Buyer's Agent
Xio Sandoval
ehomes
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,000
Outstanding Balance
$464,504
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,706,528
Purchase Details
Closed on
Feb 8, 2019
Sold by
Flores Rene Armando
Bought by
Armando Rene and Flores Margarita
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 5 Star Discount Homes Llc | $660,000 | Pacific Coast Title Company | |
| Flores Rene Armando | -- | Pacific Coast Title | |
| Armando Rene | -- | None Available | |
| Flores Rene Armando | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 5 Star Discount Homes Llc | $528,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/23/2021 06/23/21 | Sold | $2,075,000 | +59185.7% | $451 / Sq Ft | |
| 05/10/2021 05/10/21 | Pending | -- | -- | -- | |
| 04/27/2021 04/27/21 | Rented | $3,500 | 0.0% | -- | |
| 04/20/2021 04/20/21 | For Sale | $2,099,000 | 0.0% | $456 / Sq Ft | |
| 03/29/2021 03/29/21 | Price Changed | $3,499 | -1.3% | $2 / Sq Ft | |
| 03/25/2021 03/25/21 | Price Changed | $3,545 | -2.6% | $3 / Sq Ft | |
| 03/16/2021 03/16/21 | Price Changed | $3,640 | -2.6% | $3 / Sq Ft | |
| 03/02/2021 03/02/21 | For Rent | $3,737 | 0.0% | -- | |
| 12/26/2019 12/26/19 | Sold | $660,000 | +1.5% | $982 / Sq Ft | View Prior Sale |
| 11/30/2019 11/30/19 | Pending | -- | -- | -- | |
| 11/20/2019 11/20/19 | For Sale | $650,000 | -- | $967 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $26,902 | $2,246,045 | $1,488,344 | $757,701 |
| 2024 | $26,902 | $2,202,006 | $1,459,161 | $742,845 |
| 2023 | $26,381 | $2,158,830 | $1,430,550 | $728,280 |
| 2022 | $24,857 | $2,116,500 | $1,402,500 | $714,000 |
| 2021 | $8,017 | $666,837 | $533,470 | $133,367 |
| 2020 | $3,564 | $282,028 | $243,770 | $38,258 |
| 2019 | $1,021 | $78,724 | $69,991 | $8,733 |
| 2018 | $992 | $77,181 | $68,619 | $8,562 |
| 2016 | $4,172 | $74,186 | $65,955 | $8,231 |
| 2015 | $930 | $73,073 | $64,965 | $8,108 |
| 2014 | $943 | $71,643 | $63,693 | $7,950 |
Source: Public Records
Agents Affiliated with this Home
-
Cheyenne Womack
-
Xio Sandoval
Seller's Agent in 2021
Xio Sandoval
CENTURY 21 REALTY MASTERS
(323) 253-5456
3 in this area
102 Total Sales
-
Elizabeth Maddox
Seller Co-Listing Agent in 2021
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
9 in this area
98 Total Sales
-
Angel Johnson Rooker
Buyer's Agent in 2021
Angel Johnson Rooker
Real Estate Heaven
(323) 496-5041
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MB21083203
APN: 5043-019-003
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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