1142 South Bedford Street

Los Angeles, CA 90035

$2,260,000
Price
8
Beds
6
Baths
4,865 Sq. Ft.
$465 / Sq. Ft.
4,865
Sq. Ft.
$465
per Sq. Ft.

Description

1142 South Bedford Street offers a rare opportunity for investors seeking a 5% CAP rate on a 6 unit investment property just 3 blocks from Beverly Hills, in the prime Pico-Robertson area of Beverlywood. Unit mix consists of four (4) 1 bedroom / 1 bathroom units along with two (2) 2 bedroom / 1 bathroom units. Built in 1955, each unit features a spacious living area, hardwood floors, one or two bedrooms, and a full bathroom. All six units are currently leased at below market rents, providing a steady...1142 South Bedford Street offers a rare opportunity for investors seeking a 5% CAP rate on a 6 unit investment property just 3 blocks from Beverly Hills, in the prime Pico-Robertson area of Beverlywood. Unit mix consists of four (4) 1 bedroom / 1 bathroom units along with two (2) 2 bedroom / 1 bathroom units. Built in 1955, each unit features a spacious living area, hardwood floors, one or two bedrooms, and a full bathroom. All six units are currently leased at below market rents, providing a steady stream of income with huge upside for the new owner. The property also includes a shared laundry room and a detached 4-car carport with ADU potential. With a strong rental history, LAR3 zoning and prime location, this 6-unit building is an excellent investment opportunity that should not be missed. Please do not disturb tenants.
  1. Listed by David Yadegaran • DRE #02167855 • Brokerage DRE #01013548 • Carolwood Estates

Property Details for 1142 South Bedford Street

Zoning
LAR3
Parcel Number
4332022046
Total Units
6.0
Living Area
4865
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
0
Lot Size Area
6337

Location

Listing Courtesy of Carolwood Estates, David Yadegaran, DRE #02167855
Add your commute
LISTING UPDATED: 11/06/2023 04:38 PM

Property Details for 1142 South Bedford Street

StatusActive
MLS #23-268253
Days on Market362
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.15 AC / 6,337 SF
CountyLos Angeles County

Location

Listing Courtesy of Carolwood Estates, David Yadegaran, DRE #02167855
Add your commute

Building Information for 1142 South Bedford Street

Stories2Residences-Year Built1955Building Size-Lot Size0.15 AC / 6,337 SF

Payment Calculator

$13,252 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,334

Property Taxes

$918

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1142 South Bedford Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 6
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $180,000
  • Net Operating Income: $113,317.00
  • Gross Income: $153,600
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $14.71
  • Actual Gross Annual Income: $153,600
  • Total Annual Expense: 40283
  • Trash Expense: $2,400.00
  • Other Expense: $6,288.00
  • Tax Expense: $27,120
  • Gardener Expense: $1,800
  • Insurance Expense: $2,675
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1455
  • Lot Size Square Feet: 6337
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 6
  • Covered Parking: 4
  • Open Other Spaces Total: 2
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Window Unit(s)
  • Heating Type: Other
  • Equipment: None
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-08-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $7,800.00
  • Unit Projected Rent: $9,400.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $5,000.00
  • Unit Projected Rent: $5,600.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $268,171.00
  • Assessed Improvement Percent: 32.89
  • Assessed Land Value: $547,295.00
  • Assessed Land Percent: 67.11
  • Assessed Total Value: $815,466.00

Property History for 1142 South Bedford Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1142 South Bedford Street

Taxable ValueLand$558,240Additions$273,534Total$831,774
Tax Record2023$11,021 ($918 / month)
Home Facts
Total Finished SqFt4,865 SqFtAbove Grade Finished SqFt4,865 SqFtLot Size6,380 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLAR3CountyLOS ANGELESAPN4332-022-046

Schools near 1142 South Bedford Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Carthay Center Elementary
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1142 South Bedford Street is a multi-family home for sale in Los Angeles, CA 90035. This property was listed for sale on May 8, 2023 by Carolwood Estates, it's currently listed at $2,260,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Carthay Center Elementary, Emerson Community Charter School and Fairfax Senior High School. 1142 South Bedford Street is a 8-bed, 6-bath, 4,865 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carolwood Estates, David Yadegaran, DRE #02167855

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.