1232 Smithwood Dr Los Angeles, CA 90035
Prime Duplex Located In the Heart of Beverlywood
LIST PRICE:$1,950,000 CAP RATE: 2.19% GRM: 22.24 PRICE PER SQUARE FOOT: $595
1232 Smithwood Drive is a rare duplex opportunity offered at $1,950,000 in the heart of Beverlywood, directly adjacent to Beverly Hills. Located on a quiet, tree-lined street, the property consists of two spacious 2-bedroom, 1-bath units and qualifies for the Los Angeles luxury rent exemption, allowing annual rent increases of 5% plus CPI. This makes it an ideal opportunity for both investors and owner-users alike. The property is perfect for an owner-user looking to live in one unit while collecting rental income from the second unit to help offset the mortgage.
The oversized lot also offers excellent future ADU potential in the rear, giving buyers the opportunity to add additional units and create even more long-term value. Located just steps from Beverly Hills, Beverlywood, and the dining, shopping, and entertainment options along Beverly Drive, Robertson Boulevard, and Pico Boulevard, the property offers an exceptional combination of location, walkability, and lifestyle.
Duplex opportunities in this neighborhood rarely trade due to limited supply and strong demand from buyers seeking Beverly Hills adjacent living at a more accessible price point. With owner-user appeal, ADU upside, luxury rent exemption benefits, and a premier Westside location, 1232 Smithwood Drive is a standout long-term investment opportunity.
Investment Highlights
Beverly Hills Adjacent — Prime Beverlywood Location Located in Beverlywood, one of LA’ s most desirable neighborhoods bordering Beverly Hills, with strong walkability, top schools, and close access to Robertson and Pico dining and retail.
Luxury Exemption — Strong Rent Growth Potential Qualifies for LA luxury rent exemption, allowing annual rent increases of 5% + CPI, well above standard RSO limits and creating faster rent growth potential.
23% Rent Upside — Below Market Rents Current rents average $3,653/month vs. $4,500 market rents, creating strong upside.
ADU Potential — Add a Third Unit The 6,603 SF lot offers room for a rear ADU, creating an additional income-producing unit and improving overall returns under California ADU-friendly laws.
Excellent Owner-User Opportunity - Perfect for an owner-user to live in one unit while collecting income from the second unit, offering a Beverly Hills adjacent lifestyle with mortgage offset.
Strong Rental Market — Limited Supply Beverlywood has very limited multifamily inventory and little new construction, creating strong rental demand and consistently low vacancy rates.
Exclusively Listed By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com