1442-1446 S Bedford St Los Angeles, CA 90035
29-Unit Pico Robertson Development
SOLD: $5,200,000 PRICE PER SQUARE FOOT/LAND: $400
We are pleased to announce the sale of 1442–1446 S Bedford St a premier development opportunity located in the highly coveted Pico Robertson neighborhood adjacent to Beverly Hills. This offering is positioned in one of the strongest and most supply constrained multifamily corridors in Los Angeles with a 93 Walk Score and immediate access to top tier dining grocery and entertainment options along Pico Robertson Beverly and La Cienega.
The property consists of a rare collection of oversized units including fifteen three bedroom three bathroom units nine two bedroom two bathroom and den units three two bedroom two bathroom units and two one bedroom one and a half bathroom units. All units were delivered vacant providing a clean streamlined path for redevelopment with no tenant relocations or buyouts required.
Eligible under Tier 3 TOC the site supports significant development incentives including a 70 percent density bonus a 22 foot height bonus and a 3.75 FAR. The approved development potential allows for the construction of twenty nine luxury apartment units plus seven ADUs creating a major long term value creation opportunity for the buyer.
The property sold for $5,200,000 which equates to $400 per square foot. The combination of size zoning walkability vacancy and proximity to Beverly Hills makes 1442–1446 S Bedford St a rare and exceptional infill development acquisition.
Investment Highlights
Premier Pico Robertson location adjacent to Beverly Hills with a Walk Score of 93
Rare blank-slate development site delivered entirely vacant with no tenant relocation required
Large existing unit mix of fifteen 3 bedroom 3 bathroom units nine 2 bedroom 2 bathroom and den units three 2 bedroom 2 bathroom units and two 1 bedroom 1.5 bathroom units
Exceptional development potential to build 29 luxury apartment units plus 7 ADUs
Eligible for Tier 3 TOC benefits including 70% bonus density a 22 foot height bonus and a 3.75 FAR
Sold for $5,200,000 reflecting a $400 price per square foot
Highly desirable infill location near major dining grocery retail and entertainment corridors
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com