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    Six-Unit Multifamily Value-Add Opportunity Title is generated by Realmo AI

    2016 S Bedford ave, Los Angeles, CA 90034

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    For Sale
    $1,999,999

    Value-add six-unit multifamily property in a prime Los Angeles location.

    Type:Investment
    Lot size:
    0.14 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    47
    Last Refresh:
    Mar 23 at 12:18 pm

    Property Features for 2016 S Bedford ave

    General Information

    Standard status
    Active
    Lot size
    0.14 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Jorge Yupari

    Listing agent Jorge Yupari License #01489111

    Listing office Management Systems, Corporation

    Listing date Mar 25, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Management Systems, Corporation

    HighLights

    • Prime location between Culver City and Beverly Hills, near employment, shopping, dining, and entertainment.
    • Significant value‑add potential through lease‑up and repositioning of vacant units.
    • Mix of 5 large 3‑bedroom, 2‑bath units (over 1,100 sq ft each) and 1 studio unit.
    • 4 Units currently vacant, offering immediate opportunity for improvements and market rent achievement.
    • One additional unit in process to be delivered vacant, providing future upside.
    • In‑place income from the one occupied unit.

    Overview

    This six-unit multifamily property presents a value-add opportunity in a desirable Los Angeles location. The unit mix includes five spacious units with 3-bedrooms and 2-baths, each exceeding 1,100 square feet, and one studio unit. There is potential for increased income through lease-up and repositioning. Four units are currently vacant and require some improvements, offering the possibility of achieving market rents. One unit is in the process of being delivered vacant, presenting future upside upon turnover. One unit is occupied, providing in-place income. The property is strategically located between Culver City and Beverly Hills, near major employment centers, shopping, dining, and entertainment. The area experiences strong rental demand and long-term growth. A comparable condominium located next door with the same floor plan and remodeled, was rented for $4,170 on July 2, 2026, according to the MLS. This property is suited for investors seeking a value-add asset with rental upside in a premier Los Angeles location.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3777063
    Latitude
    33.9864242

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    FAQs

    What type of property is this?
    Apartment building - Value-add six-unit multifamily property in a prime Los Angeles location.
    Where is this apartment building located?
    The property is located at 2016 S Bedford ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: Prime location between Culver City and Beverly Hills, near employment, shopping, dining, and entertainment.; Significant value‑add potential through lease‑up and repositioning of vacant units.; Mix of 5 large 3‑bedroom, 2‑bath units (over 1,100 sq ft each) and 1 studio unit.
    (818) 235-4243
    We can help!
    Listing Contact
    Jorge Yupari
    Real Estate License ID: 01489111
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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