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Edan II Apartments 2016 S Bedford St 6 Unit Apartment Building $1,650,000 ($275,000/Unit) 6.94% Cap Rate Los Angeles, CA 90034
Investment Highlights
- 1st Time to be sold in over 32 Years!
- Excellent Unit Mix Composed Of (1) Studio & (5) Three-Bedroom Units
- Approximately Over 25% Rental Upside!
- 4 Units To Be Delivered Vacant At Close Of Escrow
- Spacious Units Averaging Approx. 1064 SF Each
- Copper Plumbing Throughout
Executive Summary
4 Units Delivered Vacant! Seismic Retrofit has Been Completed! Fully Copper Plumbing! The subject property is centrally located in the Pico Robertson area, one of Los Angeles’ most dynamic and sought-after rental markets. Just minutes from Culver City, Century City, and Beverly Hills, residents enjoy close proximity to premier shopping, dining, and entertainment destinations such as Downtown Culver City, Westfield Century City, and the cultural hub of West Los Angeles. With a Walk Score of 90, the neighborhood provides convenient access to local cafes, restaurants, markets, and parks, fostering a strong sense of community and livability. Easy connectivity to the 10 and 405 Freeways, as well as nearby Metro E Line stations, ensures seamless access to both Downtown Los Angeles and the Westside beaches. SB 721 Balcony Inspections Have Not Been Done
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $275,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,384 SF |
| Cap Rate | 6.94% | Average Occupancy | 90% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3-1, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price | $1,650,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 6.94% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,384 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | R3-1, Los Angeles - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Storage Space
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 350 |
| 3+2 | 5 | - | 1,100 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4302-023-004 | Improvements Assessment | $166,113 |
| Land Assessment | $199,337 | Total Assessment | $365,450 |
Property Taxes
Parcel Number
4302-023-004
Land Assessment
$199,337
Improvements Assessment
$166,113
Total Assessment
$365,450
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Edan II Apartments | 2016 S Bedford St