502 Smithwood Dr Beverly Hills, CA 90212
Sale
$3,995,000
4 Units
8 Beds
10 Baths
6,740 Area(sq.ft.)
7,201 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 3.50 | No | $ 5,825 | $ 4,825 | $ 7,750 |
| Unit 2 | 1 | 3 | 3.50 | No | n/a | n/a | $ 7,750 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,833 | $ 2,833 | $ 3,000 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,475 | $ 1,475 | $ 3,000 |
| 4 | 4 | 8 | 10 | $ 10,133 | $ 9,133 | $ 21,500 |
| MLS #: | 23-306439 |
| Days On Market: | 201 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 593 |
| Price per unit: | $ 998,750 |
| Year Built: | 1953 |
Property Details
An unmissable income opportunity awaits the fortunate new owner of this fantastic fourplex, as motivated sellers have reduced and are ready to move! Presenting a rare chance to own four homes on a corner lot, centrally located on a prime tree-lined street in a coveted Beverly Hills neighborhood close to all. Live in one and rent out the others, or utilize this desirable fourplex as passive income, making this property a great investment offering lasting value for many years to come. Set behind charming wrought-iron gates, the building's delightful Mediterranean facade affords beautiful and welcoming curb appeal amidst lush plantings and mature leafy trees. These residences have been meticulously updated throughout and present a variety of modern amenities for today's lifestyle. The two larger units are mirror images of one another and each include a fireplace in the living room, formal dining room, breakfast nook, and kitchen with copious cabinetry and top-of-the-line stainless-steel appliances. The primary bedroom has an adjacent sitting room/office, additional bonus room, dual walk-in closets, and en-suite bathroom with separate tub and shower, water closet, and dual-sink vanity with makeup desk. Other bedrooms and bathrooms are well appointed and spacious. Two rear units offer one bedroom each. Shared outdoor spaces comprise multiple lounging patios, decks, grassy yards to roam and play, and a soothing fountain. The property is sited just moments to numerous entertainment and recreational venues including golf courses, parks, restaurants, theatres, museums, and the iconic shopping of famous Rodeo Drive. Century City and major freeways are just a short drive away.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 10,450 |
| Total Annual Expense: | $ 17,880 |
| Net Operating Income: | $ 107,520 |
| Gross Annual Income: | $ 10,450 |
| Cap Rate: | 3.4% |
| Gross Rent Multiplier: | 34.25 |
| Actual Gross Income: | $ 125,400 |
Structure
| Type of Units: | 4 |
| Buildings: | 2 |
| Levels: | Two |
| Security Features: | Gated, Exterior Security Lights, Fire and Smoke Detection System, Leased, Smoke Detector |
| Style: | Mediterranean |
| View Description: | Tree Top, Courtyard, City |
Land & Parking
| Zoning: | BHR4* |
| Parking Garage: | Driveway, Garage - 3 Car, Garage Is Attached |
Interior
| AC/Cooling: | Air Conditioning, Central |
| Equipment: | Dryer, Washer, Range/Oven, Refrigerator, Freezer, Built-Ins, Dishwasher, Ceiling Fan, Microwave |
| Heating: | Fireplace |
| Patio Features: | Covered Porch, Patio Open, Deck(s) |
Exterior
Detailed Map
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Income
