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Buy a propertyat 1142 S Bedford Street, Los Angeles, CA 90035

$2,260,000

$0/mo

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Multifamily

4,865 Sq. Ft.

6,337 Sq. Ft. lot

8 Bedrooms

0 Bathrooms

353 Days on market

23268253 MLS ID

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About 1142 S Bedford Street property

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.
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.

Property details

Bathrooms

6 total bathrooms

Bedrooms

8 total bedrooms

House

2 total stories

Built in 1955

4,865 sqft living area

4865 total building sqft

Expenses

Insurance Expense: $2,675

Other Expense: $6,288

Income

Gross Income: 153600

Net Operating Income: 113317

Listing

Listing ID: 23268253

46 days on market

Listed on 2023-05-08

Location

County: Los Angeles

Lot

6337 sqft

0.1455 acres

Area: 6337

Parking

Carport

2 open parking spaces

6 total parking spaces

Carport

Property

Single building

6 units

Taxes

New Taxes: $27,120

Monthly cost

Estimated monthly cost

$14,402/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$2,124,400

+$67,800

$2,192,200

Seller agent commission$67,800 (3%)*

$0 (0%)

Buyer agent commission$67,800 (3%)*

$67,800 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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with an Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:34 p.m.

Data updated: Jun 24, 2023 at 6:05 a.m.

Property listed by Carolwood Estates, David Yadegaran
Based on information from California Regional Multiple Listing Service, Inc. as of 06/24/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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