Est. cap rate

2.5%

Assumed rent, all units

$4,360/mo

Units

2

Price per unit

$525,000

Est. annual NOI

$26,160

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,648 sqft

Lot size

4,807 sqft

Year built

1921

Stories

1

Garage spaces

1

Heating

Natural Gas,Floor Furnace

Cooling

None

Pool

None

Status

Active

Days on market

119

MLS #

242977341

About this property

5435 Smiley Dr is a duplex property with FULLY DETACHED units consisting of 2BD/2BA/977sf front unit and a 2BD/1BA/671sf back unit in the heart of trendy West Adams. Live in one unit and rent out the other, move the entire extended family onto one property, or rent out both as income properties - the choice is yours! With a detached garage ideal for an ADU conversion and zoned LARD1.5 in TOC tier 3 allowing for increased density and FAR bonuses, this property also presents an exceptional opportunity for developers. The back unit has recently undergone full renovation and both have updated kitchens, bathrooms, flooring, and individual laundry. Units are separately metered for electricity and gas.

Location

5435 Smiley Drive

Los Angeles, Los Angeles, CA, 90016