We say ironic because this house was enormous, and with its many extraneous rooms, it hardly needed a space-saving feature like a wall bed. But the bed system they chose is a particularly nice example of the genre. We also think the bedding's color scheme offers a good contrast to the dark wood of the wall unit.
The bed is from Valet Organizers in Burlingame, though the ones pictured on their site are not as nice. Maybe it's a custom job.
Sunset's coverage is here. The wall bed didn't make their spread.