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Owner-User Duplex in Prime Beverlywood 1232 Smithwood Dr 2 Unit Apartment Building $1,849,000 ($924,500/Unit) 2.85% Cap Rate Los Angeles, CA 90035
Investment Highlights
- Located in Beverlywood, one of LA’ s most desirable neighborhoods bordering Beverly Hills, with strong walkability
- Qualifies for LA luxury rent exemption, allowing annual rent increases of 5% + CPI
Executive Summary
Great Owner-User Opportunity in the heart of Beverlywood, adjacent to Beverly Hills. 1232-1234 Smithwood Drive is a well-located duplex featuring two spacious 2-bedroom, 1-bath units, each with an additional bonus room/den that can function as a third bedroom, plus in-unit washer/dryer. The upstairs unit will be delivered vacant at close, providing an excellent opportunity for an owner-user or investor to lease at market rent. The downstairs unit is currently leased at $3,538/month. The property is subject to AB 1482 and benefits from a luxury rent exemption allowing annual rent increases of 5% + CPI. Situated on a 6,603 SF lot with potential to add ADU(s) for additional income. Conveniently located near Robertson Blvd, Pico Blvd, Century City, Culver City, and Beverly Hills. Buyer to independently verify all information. Contact listing agent for additional photos of vacant unit.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,849,000 | Property Subtype | Apartment |
| Price Per Unit | $924,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 2.85% | Building Size | 3,276 SF |
| Gross Rent Multiplier | 19.17 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1933 |
| Zoning | R3 - Restricted Density Multiple Dwelling | ||
| Price | $1,849,000 |
| Price Per Unit | $924,500 |
| Sale Type | Investment |
| Cap Rate | 2.85% |
| Gross Rent Multiplier | 19.17 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,276 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1933 |
| Zoning | R3 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $3,653 | 1,638 |
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Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4330-026-019 | Total Assessment | $166,979 (2026) |
| Land Assessment | $139,508 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $27,471 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
4330-026-019
Land Assessment
$139,508 (2026)
Improvements Assessment
$27,471 (2026)
Total Assessment
$166,979 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Owner-User Duplex in Prime Beverlywood | 1232 Smithwood Dr