$4,490,000

502 Smithwood Drive, Beverly Hills, CA 90212

  • 8 beds |
  • 10 baths |
  • 6,740 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1953
  • Property Lot Size Icon4,718sqft lot
  • Property Parking Icon 6 car garage
  • Property Price Per Square Feet Icon $666/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Date Added:
August 11, 2025 at 05:00AM
Listing Office:
Douglas Elliman : 310-595-3888
Listing Agent:
Brynn Pennel : 310-387-6052
MLS ID:
25570535
  • Appliances: DishwasherRefrigeratorTrash CompactorDryerWasher
  • A/C: Central Air
  • Heating: Central
  • Parking: PrivateParking spaces: 6
  • General: 2
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: BHR4*4330026032
  • Source: CRMLS_CL

This listing courtesy of Brynn Pennel, Douglas Elliman

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

B

Beverly Vista School

200 S Elm Dr, Beverly Hills, CA, 90212

Grades KG-8

0.51 miles away

B

Beverly Vista School

200 S Elm Dr, Beverly Hills, CA, 90212

Grades KG-8

0.51 miles away

M

Moreno High (Continuation)

255 S Lasky Dr, Beverly Hills, CA, 90212

Grades 9-12

0.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.