502 Smithwood Dr Active Save Request In-Person Tour Request Virtual Tour
Beverly Hills,CA 90212
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,740 sqft
Price per Sqft $741
MLS Listing ID 25570535
Bedrooms 8
Year Built 1953
Lot Size 4,716 Sqft
Acres 0.1083
Property Sub-Type Multi-Family
Property Description
A rare chance to own a beautifully enhanced fourplex in the heart of Beverly Hills with serious upside potential. Set on a prominent corner lot on a picturesque, tree-lined street, this gated Mediterranean-style property already features notable improvements including a refreshed facade, upgraded landscaping, and updated interiors. But the true value lies in its flexibility, income potential, and room for strategic additions or further enhancements. Perfect for an owner-user or investor seeking long-term appreciation and short-term gains, this property offers a compelling mix of vacant and tenant-occupied units. The two massive front residences essentially single-family homes are delivered vacant, allowing for immediate leasing at market rates, luxury furnished rentals, or personalized use. Each offers 3 bedrooms, 4 bathrooms, spacious living areas, formal dining rooms, breakfast nooks, and updated kitchens with premium finishes. The top unit features a private roof deck with panoramic views, while the bottom unit enjoys a large private patio both ideal for high-end tenants or elevated owner living. The two rear 1-bedroom units add to the versatility and cash flow, whether used for long-term tenants, guest quarters, or short-term rental income. With this layout, the potential for optimizing rents, exploring ADU conversion (buyer to verify), or even luxury redevelopment in the future is substantial. Additional highlights include multiple outdoor entertaining areas, grassy yard space, a tranquil fountain, and a gated entrance for privacy and security.Situated just minutes from Rodeo Drive, world-class restaurants, Century City, and major freeways, this property is not just a stunning place to live it's a smart, high-upside investment in one of LA's most iconic neighborhoods.
Location
State CA
County Los Angeles
Area Beverly Hills
Zoning BHR4*
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Equipment Alarm System, Range/Oven, Refrigerator, Dryer, Dishwasher, Built-Ins, Washer, Trash Compactor, Other
Exterior
Parking Features Garage - 4+ Car, Private Garage
Garage Spaces 6.0
Building
Story 2
Level or Stories Multi/Split
Others
Special Listing Condition Standard