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

$2,400,000 Sold Price as of 05/24/2024
  • 8 Beds
  • 7 Baths
  • 5,325 Sq.Ft.
Sold
$2,400,000 Sold Price as of 05/24/2024 Refinance Your Mortgage
Map preview of 853 S Bedford St, Los Angeles, CA 90035

Property Overview: 853 S Bedford St Los Angeles, CA has 8 bedrooms, 7 bathrooms, 5,325 living square feet and 6,601 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Probate Sale, Court Confirmation MAY be required. 6-Unit residential property, for sale AFTER 63 years! Great unit mix: 4 X 1 Bed and 2 x 2 Bed units. 4 OF 6 Units are currently vacant and will be delivered vacant at close of escrow. Soft Story Retrofit has NOT been done. All units are separately metered for gas & electricity. No known upgrades (to any systems) done to the property. Subject to City of Los Angeles Rent Control ordinance. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current 2 tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Seller is MOTIVATED and wants to see ALL offers. Only the vacant units will be shown during the open houses.

Listed by Vineendra Jain | BRE #01413466 | Ingenious Asset Group, Inc.
Last checked: 14 minutes ago | Last updated: May 31st, 2024 | Source CRMLS | DOM: 185

Home details

Lot Sq. Ft
6,601
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23301671
City
Los Angeles
County
Los Angeles
Time on Site
387 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: $1,928
  • Total Rent: $7,713
  • Pro Forma/Market Rent: $10,333
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.22%
  • Gross Rent Multiplier: 14.99
  • Gross Scheduled Income: --
  • Net Operating Income: $109,652
  • Gross Operating Income: $164,763
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 853 S Bedford St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Tile, Carpet
  • Living Room
Kitchen Information
  • Has Appliances
  • Refrigerator, Gas Range
Interior Features
  • Levels: Two
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
  • Rain Gutters
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Concrete, Covered, Parking Space, Uncovered
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
Property Information
  • Has View
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 4333013027
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of W Olympic Blvd., East of Doheny Dr., West of La Cienega Blvd, and South of Wilshire Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 853 S Bedford St

Last sold for $2,400,000 on May 24th, 2024

  • May, 2024

  • May 24, 2024

    Date

    Sold

    CRMLS: 23301671

    $2,400,000

    Price

  • Aug 28, 2023

    Date

    Active

    CRMLS: 23301671

    $2,600,000

    Price

  • February, 2024

  • Feb 15, 2024

    Date

    Canceled

    CRMLS: SR23222029

    $2,600,000

    Price

  • Dec 6, 2023

    Date

    Active

    CRMLS: SR23222029

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    Probate Sale, Court Confirmation MAY be required. 6-Unit residential property, for sale AFTER 63 years! Great unit mix: 4 X 1 Bed and 2 x 2 Bed units. Soft Story Retrofit has NOT been done. All units are separately metered for gas & electricity. No known upgrades (to any systems) done to the property. Subject to the City of Los Angeles Rent Control ordinance. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current 2 tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Seller is MOTIVATED and wants to see ALL Offers. Only the vacant units will be shown during the open houses.

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Tax History for 853 S Bedford St

Assessed Value (2020): $219,204
Year Land Value Improved Value Assessed Value
2020 $118,348 $100,856 $219,204

Home Value Compared to the Market

This property vs the competition

853 S Bedford St sold on May 24, 2024 for 132.14% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $488.26 per/sqft which puts the price per square foot 32.56% lower than the current median sale per square foot for the city of Los Angeles.

About 853 S Bedford St

Detailed summary of property

853 S Bedford St is a multi family that recently sold in Los Angeles, CA 90035. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 5,325 living square feet, and sits on an approximately 6,601 square foot lot. 853 S Bedford St was first listed on ArdentRealEstateGroup.com on August 29, 2023. The homeowner sold the property for $2,400,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 132.14% higher than the current median priced home. Local homes that are currently for sale include 6216 W 6th St, 122 N Harper Ave and 1525 S Orange Grove Ave. While the average home in Los Angeles, CA is selling in 106 days, 853 S Bedford St has a days on market of 185 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 853 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 853 S Bedford St

Public county record property details
Beds
8
Baths
6
Year built
1955
Sq. Ft.
5,325
Lot Size
6,600
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
91
APN
4333-013-027

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
$1,375,000
Median List Price/Sq.Ft.
$785
Median Sold Price
$1,699,500
Median Sold Price/Sq.Ft.
$747
Total Inventory
56
Median Sale to List Price %
97.17%
Avg Days on Market
30
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (8.33%)

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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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