937-947 S. Bedford St.

Los Angeles, CA

$2,499,000

6 Units

(4) 2 Bed / 1 Bath
(2) 2 Bed / 2 Bath
Delivered with 2 Vacancies

Pre-Listing Site currently off market, still completing renovation of one of the units. Full property site with more photos/video when listed on MLS.To be delivered with (2) 2 bed / 1 bath units vacant. One of the units currently being down to the studs remodeled, fully permitted.

  • Neighborhood: Pico-Robertson (Beverly Hills adjacent)

  • Units: 6

  • Mix (4) - 2 bed / 1 bath & (2) - 2 bed / 2 bath

  • Beds: 12

  • Baths: 8

  • Parking Spaces: 4

  • Living SqFt: 6,537

  • Lot: 6,382

  • Price per Unit: $416,667

  • Zoning: LAR3

  • Year Built: 1951

  • Summer 23 new roof, gutters, complete exterior paint job, repair and repaint common area walkways.

  • Unit 937, 8/23/24 new toilet, sink, vanity, and AC installed (unit has direct access to roof deck)

  • All units have window AC

Unit 947 Walk Through

📍 Prime Location: 90035 zip code practically in Beverly Hills with high rents & low vacancy.💰 Immediate Income Boost: Two vacant units (one recently completely renovated) = ~$6K-$8k/month rent bump, ~$173K annual gross.🔧 Value Add Potential: Below market rents in a 6 unit; upside via rent increases, turnover, or cash for keys.📈 Strong Returns: ~5% cap, 6%+ pro forma with modest upgrades, rare for this A+ submarket.🛠️ Easy to Manage: Separately metered gas & electric, simple layout, low OpEx, ideal for owner user or investor.🏗️ Development Opportunity: R3 + TOC Tier 3 zoning; build up to 11 units with bonuses, no historic issues. (buyer to verify)- Unlock Prime Value in the Heart of Pico Robertson! 937 S Bedford St is a rare Tier 3 TOC site with exceptional upside!- Build 11 units by right with TOC Tier 3 incentives- Add 2 detached ADUs to boost density to 13 income generating units- No parking required thanks to AB 2097 & transit proximity- Located in the Opportunity Corridor (OC-3) and Housing Element Site overlays for fast track entitlements- Zoning: Q-R3-1-O with flexible setbacks, open space, and height bonuses- Tap into ministerial approvals and avoid lengthy public hearings; this is an infill dream site ready for transformation. (buyer to verify)937-947 S. Bedford St. is a rare, versatile asset combining cash flow, growth, and development potential very close to Beverly Hills.

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