1232 Smithwood Dr - Apartments FOR SALE


Los Angeles, CA 90035- Beverlywood | 
$1,795,000 USD
818-231-5540
1232 Smithwood Dr, Los Angeles, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/32
null | 2.98% Cap Rate

1232 Smithwood Dr
Los Angeles, CA 90035
Beverlywood


HIGHLIGHTS

  • Located in Beverlywood, one of LA’ s most desirable neighborhoods bordering Beverly Hills, with strong walkability
  • Qualifies for LA luxury rent exemption, allowing annual rent increases of 5% + CPI

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$548 USD /SF

# OF UNITS

2

PRICE/UNIT

$897,500

CAP RATE

2.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owner-User Duplex in Prime Beverlywood

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1933

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,603 SF

ZONING

R3

APN/PARCEL ID

4330-026-019

ASK ABOUT THIS PROPERTY

David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

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David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.