4-Bedroom Residential Income - 1232 Smithwood Drive, Los Angeles, CA

$1,795,000

1232 Smithwood Drive, Los Angeles, CA

1232 Smithwood Drive, Los Angeles, CA 90035 - $1,795,000 · 4 bd 2 ba Multi-Family Home for Sale, photo 3

1232 Smithwood Drive, Los Angeles, CA 90035 - $1,795,000 · 4 bd 2 ba Multi-Family Home for Sale, photo 4

1232 Smithwood Drive, Los Angeles, CA 90035 - $1,795,000 · 4 bd 2 ba Multi-Family Home for Sale, photo 5

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Description

Great Owner-User Opportunity in the heart of Beverlywood, adjacent to Beverly Hills. 1232-1234 Smithwood Drive is a well-located duplex featuring two spacious 2-bedroom, 1-bath units, each with an additional bonus room/den that can function as a third bedroom, plus in-unit washer/dryer. The upstairs unit will be delivered vacant at close, providing an excellent opportunity for an owner-user or investor to lease at market rent. The downstairs unit is currently leased at $3,538/month. The property is subject to AB 1482 and benefits from a luxury rent exemption allowing annual rent increases of 5% + CPI. Situated on a 6,603 SF lot with potential to add ADU(s) for additional income. Conveniently located near Robertson Blvd, Pico Blvd, Century City, Culver City, and Beverly Hills. Buyer to independently verify all information. Contact listing agent for additional photos of vacant unit.

Property details

Bedrooms

Bathrooms

Square feet

3,598

Year built

1933

Property type

Residential Income

Lot size

6,603 sqft

Location

1232 Smithwood Drive • Los Angeles, CA 90035

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Listed by

David Saghian · Lyon Stahl Investment Real Estate, Inc.

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Closed sales reported in 90035, nearest first, last 12 months. All recent sales in Los Angeles →