1232 Smithwood Drive, Los Angeles, CA 90035
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1232 Smithwood Drive,Los Angeles, CA 90035
$1,849,000
- 4 Beds
- 2 Baths
- 3,276 sq. ft.
- Multi-family
- Active
Listed by: david saghian
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26844203
Source:CRMLS
Price summary
- Price:$1,849,000
- Price per sq. ft.:$564.41
About this home
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....
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Home facts
- Year built:1933
- Listing ID #:26844203
- Added:36 day(s) ago
- Updated:July 10, 2026 at 12:52 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Living area:3,276 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1933
- Building area:3,276 sq. ft.
- Lot area:0.15 Acres
- Levels:Multi Split
Finances and disclosures
- Price:$1,849,000
- Price per sq. ft.:$564.41
Parking
- Total parking spaces:4
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