858 S Bedford St

Los Angeles, CA, 90035

$11,500,000

$530 per ft²
$11,500,000
$530 per ft²
Sold
Sold
beds
9 Beds
baths
10 Baths
carpenters-square
21,671 ft²
property_type
Multi-family
calendar
Built 2009
We are pleased to exclusively market for sale 858 South Bedford Street, a 14-unit (+ 1 non-conforming) condo mapped complex built in 2009 and located in prime Pico Robertson, just steps away from Beverly Hills. 858 S. Bedford is a magnificent building situated on an 11,394 square foot corner lot and consists of 21,671 rentable square feet. The subject property has one (1) studio unit (which was created as a large recreational room and being occupied as a unit), seven (7) two-bedroom / two and a half - bathroom units, six (6), three-bedroom / three-bathroom units, and one (1) large "owners' unit" three-bedroom / 4-bathroom penthouse. All units are equipped with central AC & heating, an in-unit washer & dryer, ADA-compliant bathrooms, double sinks in the kitchen, as well as tankless water heaters in most units. Furthermore, views and balconies/patios allow tons of natural light to flood the units. The parking garage boasts 35 parking spaces, including seven (7) electric car charging stations allowing for ample parking for all tenants. As far as security, the property has both exterior and interior cameras on every floor, an alarm system, an intercom at the entrance which tenants can access from the comfort of their cell phones, and finally, a secure electrical fence at the entrance of the garage that is controlled via remote control. Before the property was built, the seller signed an Ellis Act agreement making this property subject to RSO. This property is truly a well-maintained, pride of ownership asset located in one of the most sought-after and prestigious neighborhoods of Los Angeles. The current ownership developed this property to the highest standards and spared no expense throughout the process, with hopes of attracting serious and long-term tenants. This is the perfect opportunity for an investor looking to acquire superb real estate in a high-demand market. As a condo-mapped building, there would be multiple execution strategies that buyers could consider down the road, including traditional multifamily or a future condominium exit. If you are a long-term investor looking for an investment that offers peace of mind and is not very management intensive, look no further.
MLS® ID:
22-178897
Listed:
7/13/22
Updated:
2/6/23

Interior Features

Total Bedrooms
9
Total Bathrooms
10
Laundry Description
In Unit
Cooling
Central
Heating
Central

Exterior/Building Features

Lot Size
0.26 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Electric Vehicle Charging Station(s), Covered Parking, Subterranean
Parking Total
35.0
View
N
County
Los Angeles
Pool
No
Total Stories
1
Zoning
LAR3

Property History

Date
Event
Price
Value
10/7/22
Sold
-
-
8/16/22
Active Under Contract
-
-
8/4/22
Price Change
$11,500,000
-10%

Courtesy of Marcus & Millichap, Saadia ''Sam'' Liberow,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Tamkin Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/6/23

Contact