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1023 S Bedford St 6 Unit Apartment Building $1,695,000 ($282,500/Unit) 5.02% Cap Rate Los Angeles, CA 90035
Executive Summary
Michael Kamara of Lyon Stahl & The Kamara Multifamily Group is pleased to present 1023 S Bedford St, a charming 6-unit apartment
building located in the highly desirable Pico-Robertson neighborhood of Los Angeles, California.
Built in 1955, the property consists of (4) one-bedroom + one-bathroom unit and (2) two-bedroom +
two-bathroom units. 3 of the One-bedroom + One Bathroom Units will be delivered VACANT.
The building is 4,538 gross square feet and sits on a 7,048 square foot lot.
Nestled in the heart of the Pico-Robertson neighborhood, 1023 S Bedford St offers residents a highly
walkable, centrally located Los Angeles lifestyle surrounded by a diverse mix of dining, shopping,
and everyday conveniences. Just minutes from Beverly Hills, Century City, and West Hollywood, the
property provides seamless access to some of LA’s most desirable employment and lifestyle hubs.
With a strong Walk Score, residents enjoy close proximity to neighborhood cafés and popular
restaurants along Pico and Robertson Boulevards, along with quick access to Beverly Center, The
Grove, and major thoroughfares including Olympic and La Cienega. Combining a quiet residential
setting with excellent connectivity, 1023 S Bedford St delivers an ideal balance of convenience,
accessibility, and long-term rental appeal in one of Los Angeles’ most stable and in-demand
neighborhoods. The property currently delivers an initial CAP rate of 5.02%, with the potential to
reach a 7.64% CAP rate upon unit turnover.
building located in the highly desirable Pico-Robertson neighborhood of Los Angeles, California.
Built in 1955, the property consists of (4) one-bedroom + one-bathroom unit and (2) two-bedroom +
two-bathroom units. 3 of the One-bedroom + One Bathroom Units will be delivered VACANT.
The building is 4,538 gross square feet and sits on a 7,048 square foot lot.
Nestled in the heart of the Pico-Robertson neighborhood, 1023 S Bedford St offers residents a highly
walkable, centrally located Los Angeles lifestyle surrounded by a diverse mix of dining, shopping,
and everyday conveniences. Just minutes from Beverly Hills, Century City, and West Hollywood, the
property provides seamless access to some of LA’s most desirable employment and lifestyle hubs.
With a strong Walk Score, residents enjoy close proximity to neighborhood cafés and popular
restaurants along Pico and Robertson Boulevards, along with quick access to Beverly Center, The
Grove, and major thoroughfares including Olympic and La Cienega. Combining a quiet residential
setting with excellent connectivity, 1023 S Bedford St delivers an ideal balance of convenience,
accessibility, and long-term rental appeal in one of Los Angeles’ most stable and in-demand
neighborhoods. The property currently delivers an initial CAP rate of 5.02%, with the potential to
reach a 7.64% CAP rate upon unit turnover.
Property Facts
| Price | $1,695,000 | Property Subtype | Apartment |
| Price Per Unit | $282,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.02% | Building Size | 4,538 SF |
| Gross Rent Multiplier | 11.62 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Zoning | LAR3 | ||
| Price | $1,695,000 |
| Price Per Unit | $282,500 |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| Gross Rent Multiplier | 11.62 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,538 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+2 | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4332-020-014 | Improvements Assessment | $152,665 |
| Land Assessment | $235,205 | Total Assessment | $387,870 |
Property Taxes
Parcel Number
4332-020-014
Land Assessment
$235,205
Improvements Assessment
$152,665
Total Assessment
$387,870
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1023 S Bedford St