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    1933 S Bedford Street

    Los Angeles (City), CA 90034
    • $6,299,000
    • STATUS: Active Under Contract
    • ON SITE: 64 days
    • ID#: SB20246031
    Under Contract
    UPDATED: 64 min ago
    $6,299,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,280
      SQFT
    • $387
      $/SQFT
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Right in the middle of the booming Downtown Culver City and Pico-Robertson, 1933 S. Bedford is an ideal 16-unit asset with "A" location. Located in one of the LA's strongest rental markets, this is an ideal pickup for any exchange buyer or investor looking to own a unique asset with tons of upside.The Bedford St. Asset offers an ideal unit mix comprised of (2) 3-Bd/2-Ba, (10)2-Bd/2-Ba, (2) 2-Bd/1-Ba, (2) 1-Bd/1-Ba units. Three of the 2-Bed/2-Ba units will be delivered ready for market rents. All units are in great condition, and feature Hardwood flooring, Quartz Countertops, Dishwashers, A/C, new paint, and spacious master bathrooms. Units also come with their own private balconies. There is ample parking for all tenants, and the retrofitting has already been completed by the current owner. A massive property, Bedford St. comes with a beautiful courtyard and lobby. With proforma rents in place, the property will operate just under a 6% Cap and above a 12 GRM.Only minutes away from Millions of $ in development, this beautiful 16-unit is an ideal pickup for any exchange buyer or investor looking to own in one of Los Angeles's top rental markets.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-28T09:26:19.657. 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 My Home Group. Licensed in the State of California, USA.

    www.mycahomesearch.com/homes/112190295
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    1933 S Bedford Street Los Angeles (City), CA 90034

    • Price: $6,299,000
    • Status: Active Under Contract
    • Updated: 64 min ago
    • ID#: SB20246031
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    16,280
    SQFT
    $387
    $/SQFT
    1965
    Built
    Neighborhood:
    C09 - Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    C09 - Beverlywood Vicinity
    Property Description
    Right in the middle of the booming Downtown Culver City and Pico-Robertson, 1933 S. Bedford is an ideal 16-unit asset with "A" location. Located in one of the LA's strongest rental markets, this is an ideal pickup for any exchange buyer or investor looking to own a unique asset with tons of upside.The Bedford St. Asset offers an ideal unit mix comprised of (2) 3-Bd/2-Ba, (10)2-Bd/2-Ba, (2) 2-Bd/1-Ba, (2) 1-Bd/1-Ba units. Three of the 2-Bed/2-Ba units will be delivered ready for market rents. All units are in great condition, and feature Hardwood flooring, Quartz Countertops, Dishwashers, A/C, new paint, and spacious master bathrooms. Units also come with their own private balconies. There is ample parking for all tenants, and the retrofitting has already been completed by the current owner. A massive property, Bedford St. comes with a beautiful courtyard and lobby. With proforma rents in place, the property will operate just under a 6% Cap and above a 12 GRM.Only minutes away from Millions of $ in development, this beautiful 16-unit is an ideal pickup for any exchange buyer or investor looking to own in one of Los Angeles's top rental markets.
    Exterior Features

    Garage Spaces 8.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 21.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Heating Radiant Heating YN Yes Laundry Features Individual Room Levels Three Or More

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.90 Community Features CurbsGuttersSidewalksStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 399624.00 Gross Multiplier 15.76 Gross Scheduled Income 399624.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 245357.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Operating Expense 142278.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 142278.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Parker Boehle of Lyon Stahl Investment Real Estate, Inc. and Cameron Samimi of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-28T09:26:19.657. 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 My Home Group. Licensed in the State of California, USA.

     
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