502 Smithwood Drive

Beverly Hills, CA 90212

$3,995,000
Price
8
Beds
10
Baths
6,740 Sq. Ft.
$593 / Sq. Ft.
6,740
Sq. Ft.
$593
per Sq. Ft.

Description

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...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.

Listing Agents

  1. Sally Forster Jones

    Sally Forster Jones

    Listing Agent

    Compass

    DRE #00558939

  2. Marc Sonnenthal

    Marc Sonnenthal

    Alternative Listing Agent

    Compass

    DRE #01466238

Property Details for 502 Smithwood Drive

Zoning
BHR4*
Style
Mediterranean
Parcel Number
4330026032
Total Units
4.0
Living Area
6740
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Sally Forster Jones, DRE #00558939; Compass, Marc Sonnenthal, DRE #01466238
Add your commute
LISTING UPDATED: 03/25/2024 04:52 PM

Property Details for 502 Smithwood Drive

StatusActive
MLS #23-306439
Days on Market241
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.17 AC / 7,201 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Sally Forster Jones, DRE #00558939; Compass, Marc Sonnenthal, DRE #01466238
Add your commute

Building Information for 502 Smithwood Drive

Stories2Residences-Year Built1953Building Size-Lot Size0.17 AC / 7,201 SF

Payment Calculator

$22,939 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,802

Property Taxes

$1,137

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 502 Smithwood Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Association Amenities: Sewer, Trash
  • Association Fees Include: Sewer, Trash
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 4
  • View: Yes
  • View Description: Tree Top, Courtyard, City
  • View: Courtyard, City Lights
  • Security Features: Gated, Exterior Security Lights, Fire and Smoke Detection System, Leased, Smoke Detector
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • ADA Compliance: Yes
  • Water Heater Features: Central Water Heater
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $10,450
  • Net Operating Income: $107,520.00
  • Gross Income: $10,450
  • Cap Rate: 3.40%
  • Gross Rent Multiplier: $34.25
  • Actual Gross Annual Income: $125,400
  • Total Annual Expense: 17880
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1082
  • Lot Size Square Feet: 7201
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 3 Car, Garage Is Attached
  • Total Parking: 0
  • Parking Features: Driveway, Garage - Three Door
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Fireplace(s)
  • Heating Type: Fireplace
  • Equipment: Dryer, Washer, Range/Oven, Refrigerator, Freezer, Built-Ins, Dishwasher, Ceiling Fan, Microwave
  • Interior Features: Ceiling Fan(s)
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Patio Features: Covered Porch, Patio Open, Deck(s)
  • New Construction: No
  • Foundation Details: Slab, Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-06-2023
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,825.00
  • Unit Actual Rent: $4,825.00
  • Unit Projected Rent: $7,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,833.00
  • Unit Actual Rent: $2,833.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,475.00
  • Unit Actual Rent: $1,475.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $402,424.00
  • Assessed Improvement Percent: 37.81
  • Assessed Land Value: $661,934.00
  • Assessed Land Percent: 62.19
  • Assessed Total Value: $1,064,358.00

Property History for 502 Smithwood Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 502 Smithwood Drive

Taxable ValueLand$675,172Additions$410,472Total$1,085,644
Tax Record2023$13,649 ($1,137 / month)
Home Facts
Total Finished SqFt6,740 SqFtAbove Grade Finished SqFt6,740 SqFtLot Size4,714 SqFtStyleQuadraplexYear Built1953ZoningBHR4*CountyLOS ANGELESAPN4330-026-032

Schools near 502 Smithwood Drive

This home is within Beverly Hills Unified School District.
Rating
School
Type
Grades
Distance
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Private - PK to 4
Rating
School
Distance
Beverly Vista Elementary School
Public6 to 8

Beverly Hills High School
Public9 to 12

Moreno High (Continuation) School
Public9 to 12

Kehillat Mogen David Education Center
PrivatePK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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502 Smithwood Drive is a multi-family home for sale in Beverly Hills, CA 90212. This property was listed for sale on September 6, 2023 by Compass, it's currently listed at $3,995,000. This listing's school district is Beverly Hills Unified School District. Nearby schools include Beverly Vista Elementary School, Beverly Hills High School and Moreno High (Continuation) School. 502 Smithwood Drive is a 8-bed, 10-bath, 6,740 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Sally Forster Jones, DRE #00558939; Compass, Marc Sonnenthal, DRE #01466238

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.