Sold

858 S Bedford St

Los Angeles CA, 90035

$11,500,000


$530.66 per sqft

Sold

9 Beds

21,671 sqft

Residential

Built in 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.

22-178897

MLS ID

July 14, 2022

Listed

March 18, 2024

Updated

Map

858 S Bedford St
Los Angeles CA, 90035

Interior Features

Total Stories

1


Bedrooms

9


Appliances

None


Laundry Description

In Unit


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.26 Acres

Other Property Details

Area Name

Beverly Center-Miracle Mile


Days on Market

33


Garage

No


Parking

Electric Vehicle Charging Station(s), Covered Parking, Subterranean


Parking Total

35


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listed by Saadia 'Sam' Liberow with Marcus & Millichap
Listing Contact: 818-212-2700 

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 Mark Gruskin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/18/2024

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