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502 Smithwood Dr, Beverly Hills, CA 90212

Sale Price: $3,200,000
Sep 6, 20236,740 sqft8 beds10 baths
Listed by: Sally Forster Jones
License #: 00558939
Phone #: 310-579-2200
Compass
Source:
CRMLS Logo
MLS #: 23306439

Property Description

MAJOR price reduction for emergency liquidation! Sellers must sell immediately! OFFER DEADLINE: Friday, May 10 at 5pm. An unmissable income opportunity awaits the fortunate new owner of this fantastic fourplex, as motivated sellers have reduced and are ready to move! Presenting a rare chance to own four homes on a corner lot, centrally located on a prime tree-lined street in a coveted Beverly Hills neighborhood close to all. Live in one and rent out the others, or utilize this desirable fourplex as passive income, making this property a great investment offering lasting value for many years to come. Set behind charming wrought-iron gates, the building's delightful Mediterranean facade affords beautiful and welcoming curb appeal amidst lush plantings and mature leafy trees. These residences have been meticulously updated throughout and present a variety of modern amenities for today's lifestyle. The two larger units are mirror images of one another and each include a fireplace in the living room, formal dining room, breakfast nook, and kitchen with copious cabinetry and top-of-the-line stainless-steel appliances. The primary bedroom has an adjacent sitting room/office, additional bonus room, dual walk-in closets, and en-suite bathroom with separate tub and shower, water closet, and dual-sink vanity with makeup desk. Other bedrooms and bathrooms are well appointed and spacious. Two rear units offer one bedroom each. Shared outdoor spaces comprise multiple lounging patios, decks, grassy yards to roam and play, and a soothing fountain. The property is sited just moments to numerous entertainment and recreational venues including golf courses, parks, restaurants, theatres, museums, and the iconic shopping of famous Rodeo Drive. Century City and major freeways are just a short drive away.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$33,990

TurboHome Estimated Value

$2,982,500

$443 sqft

High Valuation
$3,131,625
$465/sqft
Normal Valuation
$2,982,500
$443/sqft
Low Valuation
$2,833,375
$420/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$443/sqft$2,982,500

Neighborhood

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Comparative Value

$1.81M

$2.21M

$3.20M

$3.70M

1947 S Shenandoah St, Los Angeles, CA 90034

Sale Price: $1,814,999

Selected Comparable

1239 S La Cienega Blvd, Los Angeles, CA 90035

Sale Price: $2,212,500

Selected Comparable

1243 S La Cienega Blvd, Los Angeles, CA 90035

Sale Price: $2,212,500

Selected Comparable

502 Smithwood Dr, Beverly Hills, CA 90212

Sale Price: $3,200,000

Selected Comparable

502 Smithwood Dr, Beverly Hills, CA 90212

List Price: $3,699,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
502 Smithwood Dr, Beverly Hills, CA 90212

502 Smithwood Dr, Beverly Hills, CA 90212

List: $3,699,000

Listed: 9/6/2023

Area:6,740 sqft
Price/sqft:$549
Beds:8
Baths:10
Year Built:
Lot Size:7,201

Comparable Properties

COMPARABLE
Choose comps
502 Smithwood Dr, Beverly Hills, CA 90212

502 Smithwood Dr, Beverly Hills, CA 90212

Sale: $3,200,000

9/20/20240.00 mi

Area:6,740 sqft
Price/sqft:$475
Beds:8
Baths:10
Year Built:
Weight:27.1%
1239 S La Cienega Blvd, Los Angeles, CA 90035

1239 S La Cienega Blvd, Los Angeles, CA 90035

Sale: $2,212,500

5/19/20251.22 mi

Area:6,842 sqft
Price/sqft:$323
Beds:8
Baths:10
Year Built:
Weight:26.2%
1243 S La Cienega Blvd, Los Angeles, CA 90035

1243 S La Cienega Blvd, Los Angeles, CA 90035

Sale: $2,212,500

5/19/20251.22 mi

Area:6,842 sqft
Price/sqft:$323
Beds:8
Baths:10
Year Built:
Weight:26.2%
1947 S Shenandoah St, Los Angeles, CA 90034

1947 S Shenandoah St, Los Angeles, CA 90034

Sale: $1,814,999

1/24/20251.23 mi

Area:6,816 sqft
Price/sqft:$266
Beds:9
Baths:10
Year Built:
Weight:20.4%

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