1232 Smithwood DR, Los Angeles, CA 90035
1232 Smithwood DR, Los Angeles, CA 90035
1232 Smithwood DR, Los Angeles, CA 90035
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,849,000
Est. payment /mo
4 Beds
2 Baths
3,276 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,276 sqft

Price per Sqft $564

MLS Listing ID 26844203

Bedrooms 4

HOA Y/N No

Year Built 1933

Lot Size 6,603 Sqft

Property Description

1232 Smithwood Drive is a rare duplex opportunity offered at $1,849,000 in the heart of Beverlywood, just steps from Beverly Hills. BOTH UNITS ARE OCCUPIED, making this an attractive investment with immediate rental income and future upside.Situated on a quiet, tree-lined street, the property features two spacious 2-bedroom, 1-bath units with separate living and dining rooms, plus in-unit washer and dryer hookups. The interiors are largely in original condition, presenting an excellent value-add opportunity.The property qualifies for the Los Angeles luxury rent exemption, allowing annual rent increases of 5% plus CPI, and is ideal for both investors and owner-users. A buyer can occupy one unit while generating income from the other to help offset mortgage costs.The oversized lot offers strong ADU potential, while recent capital improvements include a new roof, plumbing and electrical upgrades, partial copper plumbing, and completion of the retrofit work on the property, reducing future capital expenditure. Located near Beverly Drive, Robertson Boulevard, and Pico Boulevard, the property offers outstanding access to premier dining, shopping, and entertainment. With owner-user appeal, ADU potential, recent improvements, and a prime Westside location, 1232 Smithwood Drive is a compelling long-term investment opportunity.

Location

State CA

County Los Angeles

Area C09 - Beverlywood Vicinity

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Refrigerator

Exterior

Total Parking Spaces 4

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4330026019

Special Listing Condition Standard

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Listed by David Saghian Lyon Stahl Investment Real Estate, Inc. #01992252

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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