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858 S Bedford Street

Los Angeles (City), CA 90035
  • $11,500,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: 22178897
Price Reduced
UPDATED: 37 min ago
$11,500,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
2009
County:

School Ratings & Info

Listing Agent(s): Saadia 'Sam' Liberow of Marcus & Millichap (818-212-2700)


Description

We are pleased to exclusively market for sale 858 South Bedford Street, a 14-unit (+ 1 non-conforming) condo mapped complex built in 2009 and located in prime Pico Robertson, just steps away from Beverly Hills. 858 S. Bedford is a magnificent building situated on an 11,394 square foot corner lot and consists of 21,671 rentable square feet. The subject property has one (1) studio unit (which was created as a large recreational room and being occupied as a unit), seven (7) two-bedroom / two and a half - bathroom units, six (6), three-bedroom / three-bathroom units, and one (1) large "owners' unit" three-bedroom / 4-bathroom penthouse. All units are equipped with central AC & heating, an in-unit washer & dryer, ADA-compliant bathrooms, double sinks in the kitchen, as well as tankless water heaters in most units. Furthermore, views and balconies/patios allow tons of natural light to flood the units. The parking garage boasts 35 parking spaces, including seven (7) electric car charging stations allowing for ample parking for all tenants. As far as security, the property has both exterior and interior cameras on every floor, an alarm system, an intercom at the entrance which tenants can access from the comfort of their cell phones, and finally, a secure electrical fence at the entrance of the garage that is controlled via remote control. Before the property was built, the seller signed an Ellis Act agreement making this property subject to RSO. This property is truly a well-maintained, pride of ownership asset located in one of the most sought-after and prestigious neighborhoods of Los Angeles. The current ownership developed this property to the highest standards and spared no expense throughout the process, with hopes of attracting serious and long-term tenants. This is the perfect opportunity for an investor looking to acquire superb real estate in a high-demand market. As a condo-mapped building, there would be multiple execution strategies that buyers could consider down the road, including traditional multifamily or a future condominium exit. If you are a long-term investor looking for an investment that offers peace of mind and is not very management intensive, look no further.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T23:25:43.98. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/130914117
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858 S Bedford Street Los Angeles (City), CA 90035

  • Price: $11,500,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 37 min ago
  • ID#: 22178897
0
Beds
0
Baths
0
½ Baths
0.26
Acres
2009
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
We are pleased to exclusively market for sale 858 South Bedford Street, a 14-unit (+ 1 non-conforming) condo mapped complex built in 2009 and located in prime Pico Robertson, just steps away from Beverly Hills. 858 S. Bedford is a magnificent building situated on an 11,394 square foot corner lot and consists of 21,671 rentable square feet. The subject property has one (1) studio unit (which was created as a large recreational room and being occupied as a unit), seven (7) two-bedroom / two and a half - bathroom units, six (6), three-bedroom / three-bathroom units, and one (1) large "owners' unit" three-bedroom / 4-bathroom penthouse. All units are equipped with central AC & heating, an in-unit washer & dryer, ADA-compliant bathrooms, double sinks in the kitchen, as well as tankless water heaters in most units. Furthermore, views and balconies/patios allow tons of natural light to flood the units. The parking garage boasts 35 parking spaces, including seven (7) electric car charging stations allowing for ample parking for all tenants. As far as security, the property has both exterior and interior cameras on every floor, an alarm system, an intercom at the entrance which tenants can access from the comfort of their cell phones, and finally, a secure electrical fence at the entrance of the garage that is controlled via remote control. Before the property was built, the seller signed an Ellis Act agreement making this property subject to RSO. This property is truly a well-maintained, pride of ownership asset located in one of the most sought-after and prestigious neighborhoods of Los Angeles. The current ownership developed this property to the highest standards and spared no expense throughout the process, with hopes of attracting serious and long-term tenants. This is the perfect opportunity for an investor looking to acquire superb real estate in a high-demand market. As a condo-mapped building, there would be multiple execution strategies that buyers could consider down the road, including traditional multifamily or a future condominium exit. If you are a long-term investor looking for an investment that offers peace of mind and is not very management intensive, look no further.
Exterior Features

Parking Features CoveredUnderground Parking Total 35

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association Fee 0 Gross Income 672600 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 417994 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T23:25:43.98. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369353608-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369353608-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369353608-1.jpg
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Saadia 'Sam' Liberow of Marcus & Millichap (818-212-2700)