Listed by Keller Williams Larchmont, Keller Williams Commercial
$2,050,000
452 Smithwood Dr
Details
APN 4330-027-022
Property Type Retail
Sub Type Commercial
Square Footage 3,952
Units 2
NOI $128,500
Price per SqFt $519
Year Built 1928
Buildings 1
Lot Size (SqFt) 6,600
Zoning BHR4YY
Parking Spaces 1 spaces
Parking Per SqFt 0.25
Retail | 3,952 SqFt
Marketing description
South Beverly hills - between PICO & Olympic off beverwil
Welcome to this south Beverly hills classic timeless 1928 Spanish duplex located at 452-454 smith wood drive, in the highly desirable neighborhood near PICO and beverwil. This one-up, one-down property presents a rare opportunity to restore and enhance a true classic. Each approx. 2,000 sq ft unit offers 3 bedrooms 1 3/4 baths~ featuring generously sized living rooms with wood-burning fireplaces, and proportioned bedrooms, including an oversized primary bedroom ~original oak hardwood floors throughout ~formal dining rooms, and charming breakfast nooks, with built-ins~ architectural details include wood beam ceilings, arched accents~ built-in China cabinets and a variety of window styles, including French windows that bring in natural light the bathrooms with vintage Spanish tile. Upstairs unit has a lovely balcony with French doors opening to outside. Wide staircase leading to the upper unit ~the lower unit includes an additional flexible space ideal for a den/office. The backyard features a pool and steps up, gated courtyard patio, offering the potential to create a tranquil outdoor retreat~ property features a newer roof installed in 2018, reflecting a significant capital improvement~ this property is a value-add opportunity for buyers seeking to renovate and personalize while capitalizing on its strong fundamentals and prime location. Buyer to verify and assume responsibility for any required city parking improvements, including the potential addition of a carport per city requirements. Ideally situated near shopping, dining, and major transportation routes, this is a unique opportunity to reimagine a character-rich Spanish duplex in one of beverly hills' most sought-after neighborhoods. Property to be sold in its present "as-is" condition. Seller will not complete any repairs. Buyer to verify all aspects of property, including parking requirements and potential improvements. The lower unit will be delivered vacant.
Investment highlights
- GRM: 10.60
- GOI: $183,540
- Gross Income: $193,200
Listing Contacts
Listed by Keller Williams Larchmont, Keller Williams Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$128,500.00
$10,708.33/mo
Valuation Metrics
0
DSCR
6.27%
Cap Rate
6.27%
ROI
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