853 S. Bedford St., Los Angeles, CA 90035

California & West + Apartments

Created date: August 31, 2023

Date last updated: September 5, 2023

Probate Sale, Court Confirmation MAY be required.

6-Unit residential property, for sale AFTER 63 years!

4 OF 6 Units are currently vacant and will be delivered vacant at Close of Escrow!

Separately metered for both gas and electricity.

Sold AS IS & Where IS, with current 2 tenant(s) in place.

Deadline to submit offers is by 5:00pm on Wednesday, Sept. 13, 2023.

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. OPEN Fri., Sept. 8th, 2023 from 10am-12pm. Deadline to submit offers is by 5:00pm on Wednesday, Sept. 13, 2023.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Multifamily type:	Apartments
Price:	$2,600,000
No. of Units:	6
Cap Rate:	4.22%
GRM /GIM:	14.99
Year Built:	1955
Building Size:	5,325 Sq ft
Lot Size:	6,601.00 Acres
No. of Stories:	2
APN:	4333-013-027
Zoning Code:	LAR3
Buy Side Fee:	2.5%
Opportunity Zone:	No
Price per unit:	$433,333
Property Website	Click Here