Sold
858 S Bedford Street
Los Angeles CA, 90035
$11,500,000
$530.66 per sqft
Sold
9 Beds
10 Baths
21,671 sqft
Residential
Built in 2009
Listed by Saadia 'Sam' Liberow with Marcus & Millichap 818-212-2700
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.
22178897
MLSⓇ ID
July 14, 2022
Listed
March 23, 2024
Updated
Map
858 S Bedford Street
Los Angeles CA, 90035
Interior Features
Total Stories
1
Bedrooms
9 Beds
Bathrooms
10 Baths
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.26 Acres
Other Property Details
Area Name
C19 - Beverly Center-Miracle Mile
Days on Market
33
Garage
No
Parking
Covered, Underground
Parking Total
35
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Buyer Agency Compensation
1.5%
Listing Contact: 818-212-2700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:18 AM UTC