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$3,699,000   Price Analysis
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502 Smithwood Dr
Beverly Hills, CA 90212
8 bed 10 bath 6,740 SqFt ($548/SqFt)
7,201SqFt lot. Built 1953
Listed 2023-09-06, Taxes $13,266
Ⓧ USDA Ineligible
due to price & location

near Beverly Hills

MAJOR price reduction for emergency liquidation!

* Has Contingent Offer *

Sellers must sell immediately. OFFER DEADLINE: Friday, May 10 at 5pm. 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 prop erty a tremendous investment offering lasting value for many years to come. Set behind charming wrought-iron gates, the building's delightful Mediterranean facade affords pleasing and welcoming curb appeal amidst lush plantings and mature leafy trees.

These residences have been meticulously updated throughout and present a variety f 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 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 a short drive away.


Presented by Sally Forster Jones at
COMPASS.
Listing Agent Photo

Property MLS #23-306439 from TheMLSCLAW

Bedrooms: 8

Total Bathrooms: 10
Full Bathrooms: 10

Cooling Features: Air Conditioning, Central
Heating Features: Fireplace

Patio And Porch Features: Covered Porch, Patio Open, Deck(s)
Patio Features: Covered Porch, Patio Open, Deck(s)

Lot Size Acres: 0.1653122
Lot Size Source: Owner
Lot Size Square Feet: 7201

Garage Spaces: 3
Garage Description: Driveway, Garage - 3 Car, Garage Is Attached

View: Tree Top, Courtyard, City
Other Equipment: Dryer, Washer, Range/Oven, Refrigerator, Freezer, Built-Ins, Dishwasher, Ceiling Fan, Microwave
Security Features: Gated, Exterior Security Lights, Fire and Smoke Detection System, Leased, Smoke Detector

Number of Buildings: 2
Number of Units: 4
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 3.5, 1 SquareFeet: 7750, 2 BedsTotal: 3, 2 BathsTotal: 3.5, 2 SquareFeet: 7750, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 3000, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 3000

Gross Income: 125400

Association Fee Includes: Sewer, Trash

Source Listing Status: Active Under Contract
County: Los Angeles
Cap Rate: 3.4
Directions: S. Beverly Drive to Whitworth Drive
Source Property Type: Residential Income
Area: Beverly Hills
Source Neighborhood: Beverly Hills
Parcel Number: 4330-026-032
Postal Code Plus 4: 4215
Zoning: BHR4
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$402,424 + $661,934
$1,064,358
$13,266
2021$394,534 + $648,955
$1,043,489
$12,849
2020$390,489 + $642,301
$1,032,790
$12,801
2019$382,833 + $629,707
$1,012,540
$12,485
2018$1,374,960 + $2,093,040
$3,468,000
$40,624
2017$1,348,000 + $2,052,000
$3,400,000
$39,671
2016$360,753 + $593,388
$954,141
$11,322
2015$355,335 + $584,475
$939,810
$10,849
2014$348,375 + $573,026
$921,401
$10,521
2013$346,801 + $570,437
$917,238
$10,988
2012$340,001 + $559,252
$899,253
$10,387
2010$333,335 + $548,287
$881,622
$9,999
2009$331,630 + $545,483
$877,113
$9,804
2009$330,844 + $544,190
$875,034
$9,804
2008$325,128 + $534,788
$859,916
$9,631
2007$318,753 + $524,302
$843,055
$9,325

Price Changed 2024-05-07
$3,699,000
TheMLSCLAW
Price Changed 2024-03-22
$3,995,000
TheMLSCLAW
Listed 2023-09-06
$4,295,000
TheMLSCLAW

Net Operating Income: 107520

Total Square Feet Living: 6740
Year Built: 1953
Foundation Details: Concrete Slab, Raised
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 71
Property Condition: Updated/Remodeled
Levels or Stories: 2
Building Total Stories: 2
House Style: Mediterranean
Year Built Source: Vendor Enhanced
Architectural Style: Mediterranean

Beverly Vista Elementary School is a public middle school located approximately 0.5 miles away.
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Beverly Hills High School is a public high school located approximately 0.9 miles away.
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Kehillat Mogen David Education Center is a private elementary school located approximately 0.2 miles away.
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Horace Mann Elementary School is a public elementary school located approximately 1.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.