1142 S Bedford St, Los Angeles, CA 90035
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1142 S Bedford St Los Angeles, CA 90035

$2,260,000
  • 8 Beds
  • 6 Baths
  • 4,865 Sq.Ft.
For Sale
$2,260,000 Get Pre-Qualified

Map preview of 1142 S Bedford St, Los Angeles, CA 90035

Property Overview: 1142 S Bedford St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 4,865 living square feet and 6,337 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by David Yadegaran | BRE #02167855 | Carolwood Estates
Last checked: 12 minutes ago | Last updated: November 7th, 2023 | Source CRMLS | DOM: 340
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Home details

Lot Sq. Ft
6,337
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23268253
City
Los Angeles
County
Los Angeles
Time on Site
343 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $7,800
  • Pro Forma/Market Rent: $9,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $5,000
  • Pro Forma/Market Rent: $5,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 14.71
  • Gross Scheduled Income: --
  • Net Operating Income: $113,317
  • Gross Operating Income: $180,000
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $27,120
  • Trash: $2,400
  • Gardener: $1,800
  • Insurance: $2,675
  • Other Expenses: $6,288

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Property Details for 1142 S Bedford St

Interior Features
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 6
  • Parcel Number: 4332022046
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North of Pico
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Sale History for 1142 S Bedford St

Last sold on May 7th, 1999
  • May, 2023

  • May 8, 2023

    Date

    Active

    CRMLS: 23268253

    $2,260,000

    Price

  • May, 1999

  • May 7, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1142 S Bedford St

Assessed Value (2020): $791,281
Year Land Value Improved Value Assessed Value
2020 $531,063 $260,218 $791,281

Home Value Compared to the Market

This property vs the competition

1142 S Bedford St is listed 80.94% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $464.54 per/sqft which puts the price per square foot 39.98% lower than the median price per square foot for the city of Los Angeles.

About 1142 S Bedford St

Detailed summary of property

1142 S Bedford St is a multi family located in Los Angeles, CA 90035 and is currently for sale. This multi family property offers 8 bedrooms, 6 bathrooms, roughly 4,865 living square feet, and sits on an approximately 6,337 square foot lot. 1142 S Bedford St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner is currently asking $2,260,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 80.94% higher than the median priced home. Local competing homes currently for sale include 6626 W 6th St, 1236 Hi Point St and 1125 Hi Point St. While the average home in Los Angeles, CA is selling in 94 days, 1142 S Bedford St has a days on market of 340 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1142 S Bedford St Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1142 S Bedford St

Public county record property details
Beds
--
Baths
--
Year built
1955
Sq. Ft.
4,865
Lot Size
6,380
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
113
APN
4332-022-046

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$784
Median Sold Price
$1,465,000
Median Sold Price/Sq.Ft.
$843
Total Inventory
58
Median Sale to List Price %
104.64%
Avg Days on Market
35
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (23.08%), Other (7.69%)

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Related Resources to 1142 S Bedford St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.