1023 S Bedford Street, Los Angeles, CA 90035

Property Description

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 cafes and popular restaurants along Pico and Robertson Boulevards, along with quick access to Beverly Center, TheGrove, 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.