1425 BEDFORD STREET
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Location
1425 BEDFORD STREET
Mblu
002/ 2576/ / /
Acct#
002-2576
Owner
CORNERSTONE APARTMENTS PROPERTY OWNER LLC
Total Market Value
$32,900,000
Appraisal
$47,000,000
PID
8085
Building Count
2
Legal Description
District
:
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$35,083,230$11,916,770$47,000,000
Assessment
Valuation YearImprovementsLandTotal
2025$24,558,260$8,341,740$32,900,000

Owner of Record
OwnerCORNERSTONE APARTMENTS PROPERTY OWNER LLC
Co-Owner
Address11766 WILSHIRE BOULEVARD #1500
LOS ANGELES, CA 90025-6552
Sale Price$75,100,000
Book & Page 11092/0329
Sale Date09/24/2014
Instrument27

Ownership History
Ownership History
OwnerSale PriceBook & PageInstrumentSale Date
CORNERSTONE APARTMENTS PROPERTY OWNER LLC$75,100,00011092/03292709/24/2014
FAIRFIELD BEDFORD LLC$79,100,0008826/01002712/21/2006
AVALONBAY COMMUNITIES INC$18,725,0005149/01490012/01/1998
SUMMER TERRACE$01001/05032501/02/1964

Building Information
Building 1 : Section 1
Year Built: 1963
Living Area: 173,641
Building Attributes
FieldDescription
Style:Lux Apt
ModelComm/Ind
GradeC+
Stories: 
Occupancy188.00
Exterior Wall 1Brick
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Drywall/Plaste
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas/LP
Heating TypeForced Air-Duc
AC TypeUnit/AC
Bldg UseApartment MDL-94
Total Rooms 
Total Bedrms337
Total Baths194
1st Floor Use:800C
Heat/ACHeat/AC Split
Frame TypeMasonry
Baths/PlumbingAverage
Ceiling/WallCeil & Wall
Rooms/PrtnsAverage
Wall Height8.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 160,284 160,284
BASFirst Floor 13,357 13,357
UBMBasement, Unfinished 10,011 0
   183,652 173,641
Building 2 : Section 1
Year Built: 2016
Living Area: 4,447
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Office Bldg
ModelComm/Ind
GradeA+
Stories:1
Occupancy 
Exterior Wall 1Stucco Wood
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Drywall/Plaste
Interior Wall 2 
Interior Floor 1Average
Interior Floor 2 
Heating FuelGas/LP
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseCommercial MDL-94
Total Rooms0
Total Bedrms00
Total Baths00
1st Floor Use: 
Heat/ACHeat/AC Pkgs
Frame TypeWood Frame
Baths/PlumbingAverage
Ceiling/WallTypical
Rooms/PrtnsAverage
Wall Height8.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 4,447 4,447
   4,447 4,447

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
EL2Elev Pass26.00 STOPS$1,216,8001
RP2Porch Coverd3432.00 S.F$93,6901
RP2Porch Coverd7878.00 S.F$215,0701
RP2Porch Coverd6630.00 S.F$181,0001
RP2Porch Coverd11505.00 S.F$314,0901
RP2Porch Coverd4576.00 S.F$124,9201
PGBParking Garage Below13200.00 S.F$514,8001

Land
Land Use
Use Code800C
DescriptionApartment MDL-94  
ZoneRH
Neighborhood0700
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)2.41
Depth
Total Market Land$8,341,740
Appraised Value$11,916,770

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
LS3Pool Concret  1150.00 S.F.$102,6402
LP4Pavng Asphlt  28000.00 S.F$53,5501
LS3Pool Concret  1150.00 S.F.$181,1301
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$35,083,230$11,916,770$47,000,000
2023$36,104,500$11,916,770$48,021,270
2022$36,104,500$11,916,770$48,021,270

Assessment
Valuation YearImprovementsLandTotal
2024$24,558,260$8,341,740$32,900,000
2023$25,273,150$8,341,740$33,614,890
2022$25,273,150$8,341,740$33,614,890

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