422 Smithwood Dr, Beverly Hills

Description

Click here to view the Property Memorandum: 422 Smithwood Memorandum

See below for the 3D Tours of each unit

Unit A:

Unit B:

Unit C:

Do not miss this pride of ownership triplex, made up of three luxury Beverly Hills townhomes.  Property has been completely renovated restoring all of its original Beverly Hills charm and character, showcasing its classical exterior with new modern interiors.  Property will be delivered vacant creating unique opportunity for owner user scenario or highest possibly current market rents.  Super luxury living in a great location only minutes away from Rodeo Drive.  Property features and updates include:

• 3 completely renovated townhomes walking distance to Rodeo Drive
• All units delivered vacant
• 6 Bd – 7.5 Bth – 4,771 SF (Total)
• Estimated Expenses  $60,210
• $240,840 Projected Income
• Asking price $5,999,000
• Gross Rent Multiplier – 24.00
• Cap Rate 3.06%

Unit A – 2BD / 2.5BA / 1427SF / $5690 projected rent

Unit B – 2BD / 2.5BA / 1465SF / $6690 projected rent

Unit C – 2BD / 2.5BA / 1879SF / $7690 projected rent

FEATURED DETAILS

Remodeling was designed by the multiple international award-winning Laguna Beach design firm of Hootan and Associates

All work permitted and approved by the City of Beverly Hills

All construction was done by Pyramids Construction

All bedrooms have walk-in closets

All new fiberglass high-end custom-made windows by Energy Star Qualified Milgard Ultra TM Series 650 fiberglass energy performance rated. Limited lifetime warranty with U-factor 0.31/1.76 Double Argon (0.030) with a solar heat gain coefficient rating of 0.20, visibility transmittance of 0.43 and air Leakage rating of 0.3 to 1.5.

There over 100 new windows

High ceilings

Walls and attics are fire rated

Each unit designed to a different theme

Unit C has a private screened in patio.

Unit C has a second side patio

Unit B has a private second floor balcony with a view of the front yard

Landscaping was designed and implemented by the landscaper Arturo Santiago Designs whose clients include Lululemon, Kreation Juicery, etc.

Designer grade new landscaping and lighting

Built a new retaining wall to resolve drainage problems with the northern neighbor

Took almost all walls down to studs

New electricity throughout including new sub panels

New plumbing throughout including new connection to the City conveyance system

New gas connections and earthquake shut-off

New seismic “soft-story” retrofit, approved by the City

Complete new lighting and designer grade light fixtures throughout with designer grade light fixtures

5 garage spaces with new” quiet” gate opening systems and backup battery.

Ample street parking

New storage racks in each garage

New tankless water heaters

Newer AC

New custom two-tone cabinets and hardware in each kitchen

New high-end LG and Samsung kitchen appliances

Custom Calcutta quartz countertops and backsplash with waterfall, professionally installed

New designer grade faucets and hardware throughout (Grohe, Hansgrohe, etc.)

New skylights in each stairway

New stairways

New Glass railings in each stairway

All bathrooms have new custom imported tiles, high-end vanities and designer grade fixtures

Keyless entries and lock into all three units

Plenty of natural light throughout

Spacious designer bathrooms with custom tiles, custom glass enclosure, vanities, and fixtures.

High-end chandeliers in dining rooms and stairways

Much of original charm of the building (floors, crown moldings, ventilation outlets, etc. professionally restored.

New Ring camera doorbells, conventional doorbells,

New Nest thermostats, fully ready to be a smart home.

Two electrical outlets with built-in USB B and C outlets in each unit

Automatic lights in most closets

Lots of storage space in each unit

Barn doors over closets

Meticulous attention paid to detail

All lighting, appliances, windows etc. are energy efficient and cost saving