31
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$4,995,000
Est. payment /mo
8 Beds
10 Baths
8,280 SqFt
Open Sun 2PM-5PM
502 Smithwood DR Beverly Hills, CA 90212
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OPEN HOUSE
Sun Aug 17, 2:00pm - 5:00pm
Tue Aug 19, 11:00am - 2:00pm
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,280 sqft
Price per Sqft $603
MLS Listing ID 25570535
Bedrooms 8
HOA Y/N No
Year Built 1953
Lot Size 4,717 Sqft
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 C01 - Beverly Hills
Zoning BHR4*
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Refrigerator, Trash Compactor, Dryer, Washer
Exterior
Parking Features Private
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 6
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4330026032
Special Listing Condition Standard
Listed by Brynn Pennel Douglas Elliman