Los Angeles, CA 90035,1010 S Bedford ST
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Los Angeles, CA 90035,1010 S Bedford ST
Los Angeles, CA 90035,1010 S Bedford ST
Los Angeles, CA 90035,1010 S Bedford ST
Los Angeles, CA 90035,1010 S Bedford ST
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Michael Humphries

Michael Humphries

+1(562) 278-0822
$ 3,900,000
Est. payment /mo
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1010 S Bedford ST Los Angeles, CA 90035

27 Beds

27 Baths

12,915 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 12,915 sqft

Price per Sqft $301

MLS Listing ID 26643475

Bedrooms 27

HOA Y/N No

Year Built 1963

Lot Size 7,474 Sqft

Property Description

We are pleased to present 1010 S. Bedford Street, a 12-unit multifamily asset located in the highly sought-after Pico-Robertson / Beverlywood-adjacent submarket of West Los Angeles. Offered for the first time since 2007, this property represents a rare opportunity to acquire a well-maintained, professionally managed building with significant embedded rental upside in a supply-constrained, high-barrier location. Constructed in 1963, the three-story, elevator-served property features a highly desirable unit mix of large one- and two-bedroom apartments, with an average unit size exceeding 1,075 square feet. In-place rents remain approximately 27% below market, providing a clear and achievable path to income growth through natural turnover and modest interior enhancements, without reliance on aggressive repositioning or speculative assumptions. Long-term ownership has taken a proactive approach to capital stewardship, substantially reducing near-term maintenance risk. Major systems have been addressed over time, including electrical panel replacement, full window replacement, roof recoating, water heater replacement, and recent exterior repainting with fascia sealing. Combined with previously completed plumbing, elevator, and life-safety upgrades, the property offers investors a clean physical plant with minimal deferred maintenance exposure, allowing capital to be allocated toward revenue-generating improvements rather than infrastructure remediation. The asset is priced below replacement cost, offering investors an attractive basis in a market where new multifamily construction is increasingly cost-prohibitive. This positioning provides downside protection while enhancing long-term appreciation potential as rents are brought closer to market levels. Situated at the corner of Bedford Street and Olympic Boulevard, the property benefits from immediate proximity to Beverly Hills, Century City, Miracle Mile, and major employment centers including Cedars-Sinai Medical Center. Walkable access to Pico Boulevard retail and dining, combined with proximity to the Wilshire / La Cienega Metro D Line extension, further supports durable tenant demand and long-term rent growth. With large units, meaningful rental upside, extensive completed capital work, and nearly two decades of stable ownership, 1010 S. Bedford Street offers investors a low-risk value-add opportunity in one of Los Angeles' most resilient and supply-constrained rental corridors.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Underground

Total Parking Spaces 12

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 4332021001

Special Listing Condition Standard

CRMLS – RECore
Listed by Filip Niculete Marcus & Millichap
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    West Hollywood Elementary

    Public | KG - 5

  • 9

    Clover Avenue Elementary School

    Public | KG - 5

  • 9

    Overland Elementary School

    Public | KG - 5

  • 9

    El Rodeo School

    Public | KG - 8

  • 9

    Beverly Vista School

    Public | KG - 8

  • 9

    Canfield Avenue Elementary School

    Public | KG - 5

  • 9

    Horace Mann School

    Public | KG - 8

  • 8

    Hawthorne School

    Public | KG - 8

  • 8

    Castle Heights Elementary School

    Public | KG - 5

  • 8

    Hancock Park Elementary

    Public | KG - 5

  • 8

    Melrose Avenue Elementary School

    Public | KG - 6

  • 8

    3rd Street Elementary School

    Public | KG - 5

  • 7

    Linwood E. Howe Elementary School

    Public | KG - 5

  • 7

    Baldwin Hills Elementary School

    Public | KG - 5

  • 7

    Gardner Street Elementary

    Public | PK - 5

  • 6

    La Ballona Elementary School

    Public | KG - 5

  • 6

    Marvin Avenue Elementary

    Public | KG - 5

  • 6

    Cienega Elementary School

    Public | KG - 5

  • 5

    Charnock Road Elementary

    Public | KG - 5

  • 5

    Shenandoah Street Elementary School

    Public | KG - 5

Middle Schools 14
  • 8

    Los Angeles Center for Enriched Studies

    Public | 6 - 12

  • 7

    Palms Middle School

    Public | 6 - 8

  • 6

    New los Angeles Charter

    Public | 6 - 8

  • 6

    John Burroughs Middle School

    Public | 6 - 8

  • 5

    Magnolia Science Academy 6

    Public | 6 - 8

  • 4

    Magnolia Science Academy 5

    Public | 6 - 12

  • 4

    Bancroft Middle School

    Public | 6 - 8

  • 0

    Angela's Workshop

    Private | 6 - 12

  • 0

    Yeshivat Ohr Chanoch

    Private | 8 - 12

  • 0

    Star Preparatory Academy

    Private | 6 - 12

  • 0

    Pacific Hills School

    Private | 6 - 12

  • 0

    Urban Village Middle School

    Public | 6 - 8

  • 0

    West Hollywood Opportunity

    Public | 7 - 12

  • 0

    Aviva High School

    Private | 7 - 12

High Schools 20
  • 10

    Beverly Hills High School

    Public | 9 - 12

  • 7

    Fairfax High School

    Public | 9 - 12

  • 5

    Alexander Hamilton High School

    Public | 9 - 12

  • 5

    Hollywood High School

    Public | 9 - 12

  • 1

    Dorsey High School

    Public | 9 - 12

  • 0

    Notre Dame Academy Girls High School

    Private | 9 - 12

  • 0

    Moreno High (Continuation)

    Public | 9 - 12

  • 0

    Yula Boys High School

    Private | 9 - 12

  • 0

    Cheviot Hills Continuation

    Public | 9 - 12

  • 0

    Yula Girls High School

    Private | 9 - 12

  • 0

    Mesivta Birkas Yitzchok

    Private | 9 - 12

  • 0

    Shalhevet High School

    Private | 9 - 12

  • 0

    Shalhevet School

    Private | 9 - 12

  • 0

    Harkham-Gaon Acadamy

    Private | 9 - 12

  • 0

    Whitman Continuation

    Public | 9 - 12

  • 0

    Shaarei Torah California Rabbinical College

    Private | 9 - 12

  • 0

    Bais Yaakov School for Girls

    Private | 9 - 12

  • 0

    Yeshiva Gedolah of los Angeles

    Private | 9 - 12

  • 0

    View Park Continuation

    Public | 9 - 12

  • 0

    Yeshiva Ohr Elchonon Chabad - West Coast

    Private | 9 - 12

School and business data provided by Attom Data.
Michael Humphries

Michael Humphries

Agent | License ID: 02108361

+1(562) 278-0822

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1010 S Bedford ST