1032 S Bedford St, Los Angeles, CA 90035

1032 S Bedford St, Los Angeles, CA 90035

Los Angeles, CA
$2,690,000

Property Description

Lyon Stahl Investment Real Estate is pleased to present 1032 South Bedford Street a five unit apartment building in the prime Pico Robertson neighborhood of Los Angeles. The property is adjacent to the prominent cities of Beverly Hills, Century City, West Hollywood, Mid Wilshire, and West Los Angeles. It is only minutes away to numerous shopping attractions, key employment centers, and development projects making it the perfect location to invest in. The five unit building is comprised of two 2 three bed/two bath units, two 2 two bed/two bath units, and one 1 studio.
The three renovated units consist of new stainless steel appliances, new dual pane windows, hardwood floors, new
cabinets and countertops, and updated bathrooms. The larger units feature both a reach in and walk in closet. These
spacious units offer A/C units, plenty of storage and closet space making them highly desirable to prospective tenants. There are 4 covered parking spaces, 5 storage units, and an on site laundry facility available for all tenants. The units are separately metered for gas and electricity.
As we continue to shift towards a work from home environment, 1032 South Bedford Street’s unit size, location, upside potential and condition create an exciting opportunity for the astute investor to maximize their return over the long term investment horizon.

Property Features

  • Sale Price: $2,690,000
  • Area Size: 5276 SF
  • Land Area: 5968 SF
  • Year Built: 1963
  • Listing Date: 6/10/2021
  • Units: 5
  • Current GRM: 16.39
  • Market GRM: 14.46
  • Market Cap Rate: 5.05%

Lyon Stahl Investment Real Estate

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