1621 S Bedford St
LOS ANGELES, 90035
Four Cash Flowing Units Built 2016 in Crestview
4
UNITS
2 & 4 BR
UNITS
$4,850,000
PRICE
6,500 SF LAR2
LOT
9,500 SF
PROPERTY
FINANCIALS
SALES PRICE
PRICE PER SF
PROJECTED CAP RATE
PROJECTED GRM
PROJECTED GROSS RENTAL INCOME
$4,850,000
$510.53
4.4%
15.54
$312,000
Take advantage of this prime cash-flowing investment opportunity--an elegant, modern multifamily residence in Crestview, adjacent to the bustling neighborhoods of Beverlywood and Pico-Robertson. This complex built in 2016 boasts a clean, sleek concrete finish facade with wood accents complemented by vibrant foliage and comprises three 4-bedroom townhome style units and one 2-bedroom accessory dwelling unit. Each unit including the ADU impressively boasts over 2,000 SF landing you at approximately 9,500 gross building square feet . One 4-bedroom unit is currently tenant-occupied grossing $6,000/mo and presents great upside while the remaining 3 units are optimized for short term rental. Combined, the short term rentals gross $20,500 to $24,500 per month. Crestview is truly one of LA’s hidden gems. Nestled amidst the city’s hustle and bustle, it offers a unique blend of charming residential streets and burgeoning commercial pockets. The mix of long-time residents and newer transplants creates a vibrant community spirit. Think tree-lined avenues, close-knit neighbors, and accessibility to LA’s main attractions. For an investor, a stabilized income property in a community like Crestview is like striking gold.