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$ 1,850,000
Est. payment /mo
Price Dropped by $100K
1232 Smithwood DR Los Angeles, CA 90035
4 Beds
2 Baths
3,276 SqFt
UPDATED:
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 26754317
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 $1,850,000 in the heart of Beverlywood, steps from Beverly Hills. Located on a quiet, tree-lined street, the property features two spacious 2-bedroom, 1-bath units with functional layouts including separate living rooms, dining rooms, and in-unit washer and dryer setups. Interiors are largely in original condition, presenting a clear value-add opportunity. The property qualifies for the Los Angeles luxury rent exemption, allowing annual 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 offset mortgage costs.The oversized lot offers strong ADU potential, providing additional upside and long-term value. The property has also been well maintained, with a new roof and partial copper plumbing upgrades completed over the years.Positioned just steps from Beverly Hills and close to Beverly Drive, Robertson Boulevard, and Pico Boulevard, the property offers excellent walkability and access to top dining, shopping, and entertainment. Duplex opportunities in this pocket rarely trade, driven by limited supply and strong demand for Beverly Hills adjacent living.With owner-user appeal, ADU upside, and a premier Westside location, 1232 Smithwood Drive is a standout 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
Listed by David Saghian Lyon Stahl Investment Real Estate, Inc. #01992252
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