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853 S Bedford Street

Los Angeles (City), CA 90035
  • $2,600,000
  • STATUS: Active
  • ON SITE: 95 Days
  • ID#: 23301671
UPDATED: 26 min ago
$2,600,000
  • 8
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,325
    SQFT
  • $488
    $/SQFT
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Vineendra Jain of Ingenious Asset Group, Inc. (310-331-8552)


Description

Probate Sale, Court Confirmation MAY be required. 6-Unit residential property, for sale AFTER 63 years! Great unit mix: 4 X 1 Bed and 2 x 2 Bed units. 4 OF 6 Units are currently vacant and will be delivered vacant at close of escrow. Soft Story Retrofit has NOT been done. All units are separately metered for gas & electricity. No known upgrades (to any systems) done to the property. Subject to City of Los Angeles Rent Control ordinance. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current 2 tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Court-appointed Administrator of the Estate will not respond to any offers until after the offer deadline. Only the vacant units will be shown during the open houses.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T22:25:45.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/142882379
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853 S Bedford Street Los Angeles (City), CA 90035

  • Price: $2,600,000
  • Status: Active
  • On Site: 95 Days
  • Updated: 26 min ago
  • ID#: 23301671
8
Beds
0
Baths
0
½ Baths
0.15
Acres
5,325
SQFT
$488
$/SQFT
1955
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
Probate Sale, Court Confirmation MAY be required. 6-Unit residential property, for sale AFTER 63 years! Great unit mix: 4 X 1 Bed and 2 x 2 Bed units. 4 OF 6 Units are currently vacant and will be delivered vacant at close of escrow. Soft Story Retrofit has NOT been done. All units are separately metered for gas & electricity. No known upgrades (to any systems) done to the property. Subject to City of Los Angeles Rent Control ordinance. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current 2 tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Court-appointed Administrator of the Estate will not respond to any offers until after the offer deadline. Only the vacant units will be shown during the open houses.
Exterior Features

Architectural Style Traditional Construction Materials ConcreteStoneStuccoWood Siding Direction Faces East Lot Features Rectangular Lot Open Parking Spaces 3 Parking Features ConcreteCoveredOne SpaceUncovered Parking Total 6 Patio And Porch Features None Pool Features None Pool Private YN No Roof Shingle Spa Features None Spa YN No View YN Yes

Interior Features

Appliances Gas RangeRefrigerator Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetTileWood Heating Central Heating YN Yes

Property Features

Association YN No Buyer Financing Cash Cap Rate 4.22 Disclosures Rent Control Exclusions Sale of property does not include any personal property belonging to the tenants. Gross Income 173435 Levels Two Listing Agreement Probate Listing Service Full Service Listing Terms Cash Net Operating Income 109652 New Construction YN No Possession Close Of Escrow Property Condition Repairs Cosmetic Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Other Special Listing Conditions Probate Listing Vacancy Allowance Rate 4 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T22:25:45.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Vineendra Jain of Ingenious Asset Group, Inc. (310-331-8552)