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1427 S Bedford St, Los Angeles, CA 90035
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1427 S Bedford St Los Angeles, CA 90035

$8,750,000
  • 19 Beds
  • 16 Baths
  • 9,332 Sq.Ft.
For Sale
$8,750,000 Get Pre-Qualified
Map preview of 1427 S Bedford St, Los Angeles, CA 90035

Property Overview: 1427 S Bedford St Los Angeles, CA has 19 bedrooms, 16 bathrooms, 9,332 living square feet and 6,501 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: Attention, savvy investors: Presenting a rare opportunity to purchase a brand-new vacant building in a booming Pico-Robertson location! With eight units in total, configurations are open-concept, and each spacious layout is appointed with the finest high-quality finishes for the modern tenant. Constructed with entertaining top of mind, the living room and dining room transition effortlessly into the kitchen with stone backsplash, abundant cabinetry, and stainless-steel cooktop with hood. Residents enjoy treetop and city views from Juliet balconies and patios for al-fresco lounging and dining. Projected rent rolls provide a total of $459,000 in annual income. Parking is controlled-access and subterranean. This 2024-complete building is located within close proximity of everything in the La Cienega and Pico area, just moments to Beverly Hills, West Hollywood, and the greater Westside, with the 10 Freeway a short drive away. This prime investment opportunity promises incredible value for the fortunate investor.

Listed by Shauna Walters | BRE #01728600 | The Beverly Hills Estates
Co-listed by Nicole Plaxen | BRE #01772151 | The Beverly Hills Estates
Last checked: 33 seconds ago | Last updated: May 7th, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
6,501
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24364839
City
Los Angeles
County
Los Angeles
Time on Site
17 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1427 S Bedford St

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Property Details for 1427 S Bedford St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Subterranean
Property Information
  • Total # of Units: 8
  • Parcel Number: 4303011033
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Bedford and Pico
View more facts & features

Local Los Angeles Agent

Sale History for 1427 S Bedford St

Last sold for $1,850,000 on October 21st, 2020

  • April, 2024

  • Apr 29, 2024

    Date

    Active

    CRMLS: 24364839

    $8,750,000

    Price

  • October, 2020

  • Oct 27, 2020

    Date

    Sold

    CRMLS: 20594574

    $1,850,000

    Price

  • Sep 11, 2020

    Date

    Active Under Contract

    CRMLS: 20594574

    $2,079,000

    Price

  • Sep 7, 2020

    Date

    Active

    CRMLS: 20594574

    $2,079,000

    Price

  • Sep 4, 2020

    Date

    Active Under Contract

    CRMLS: 20594574

    $2,079,000

    Price

  • Aug 5, 2020

    Date

    Price Change

    CRMLS: 20594574

    $2,079,000

    Price

  • Jun 23, 2020

    Date

    Active

    CRMLS: 20594574

    $2,259,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible development opportunity in prime Beverly Hills adjacent area. Pico- Robertson area is one of the strongest rental neighborhoods in City of Los Angles. Property is located in TOC Tier 3 area, which allows developer to built up to 16, unites, R3 zoned parcel. The project has approved plan and permit for 8 units. The permit currently expired but can be re issued. Currently property is consisting of 2 units in good, move in condition. Both units will be delivering vacant at close of escrow. Please call for more info regarding the plan specification and or seeing inside the units.

  • October, 2020

  • Oct 21, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,850,000

    Price

  • December, 2006

  • Dec 27, 2006

    Date

    Sold (Public Records)

    Public Records

    $616,000

    Price

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Tax History for 1427 S Bedford St

Assessed Value (2020): $1,372,066
Year Land Value Improved Value Assessed Value
2020 $1,065,805 $306,261 $1,372,066

Home Value Compared to the Market

This property vs the competition

1427 S Bedford St is listed 600.56% 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 $937.63 per/sqft which puts the price per square foot 21.14% higher than the median price per square foot for the city of Los Angeles.

About 1427 S Bedford St

Detailed summary of property

1427 S Bedford St is a multi family located in Los Angeles, CA 90035 and is currently for sale. This multi family property offers 19 bedrooms, 16 bathrooms, roughly 9,332 living square feet, and sits on an approximately 6,501 square foot lot. 1427 S Bedford St was first listed on ArdentRealEstateGroup.com on April 30, 2024. The homeowner is currently asking $8,750,000. 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 600.56% higher than the median priced home. Local competing homes currently for sale include 667 S Carondelet St, 4233 Burns Ave and 2041 N Vermont Ave. While the average home in Los Angeles, CA is selling in 94 days, 1427 S Bedford St has a days on market of 16 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 1427 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 1427 S Bedford St

Public county record property details
Beds
4
Baths
3
Year built
1929
Sq. Ft.
3,029
Lot Size
6,499
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
246
APN
4303-011-033

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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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.

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