Property Detail
Description
1232 Smithwood Drive is a rare duplex opportunity offered at $1,849,000 in the heart of Beverlywood, just steps from Beverly Hills. BOTH UNITS ARE OCCUPIED, making this an attractive investment with immediate rental income and future upside.Situated on a quiet, tree-lined street, the property features two spacious 2-bedroom, 1-bath units with separate living and dining rooms, plus in-unit washer and dryer hookups. The interiors are largely in original condition, presenting an excellent value-add opportunity.The property qualifies for the Los Angeles luxury rent exemption, allowing annual rent increases of 5% plus CPI, and is ideal for both investors and owner-users. A buyer can occupy one unit while generating income from the other to help offset mortgage costs.The oversized lot offers strong ADU potential, while recent capital improvements include a new roof, plumbing and electrical upgrades, partial copper plumbing, and completion of the retrofit work on the property, reducing future capital expenditure. Located near Beverly Drive, Robertson Boulevard, and Pico Boulevard, the property offers outstanding access to premier dining, shopping, and entertainment. With owner-user appeal, ADU potential, recent improvements, and a prime Westside location, 1232 Smithwood Drive is a compelling long-term investment opportunity.
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Listing provided courtesy of David Saghian of Lyon Stahl Investment Real Estate, Inc.. Last updated 2026-07-13 08:10:57.000000. Listing information © 2026 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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