$2,400,000 Price Analysis   ♡   Los Angeles, CA 90034 13 bed 9 bath 6,710 SqFt ($357/SqFt) 7,561SqFt lot. Built 1965 Listed 2024-03-26, Taxes $16,402 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
PRICE REDUCED!
We are proud to present the Bentley Avenue Apartments. Explore an outstanding investment opportunity at 3709 S Bentley Ave. Nestled in the highly sought-after submarket of Palms in West Los Angeles, this well maintained 8 unit apartment building is located north of Venice Blvd and east of the 405 Freeway. It offers tenants the chance to reside in one of the most vibrant and desirable pockets of Los Angeles. With a total square footage of 6, 710 square feet on a roomy 7, 559 square feet lot, this mid-century gem seamlessly blends classic charm with modern functionality. The central location of the property provides easy access to local freeways, facilitating convenient commuting and travel throughout Los Angeles. Built in 1965, the property has undergone significant capital improvements, including the renovation of 4 out of 8 units. These upgraded living spaces, combined with a brand-new roof installed in 2023, a newer water heater and copper plumbing throughout, ensure tenant satisfaction, energy efficiency and reduced maintenance costs for investors.
The property features: One (1) Two Bedroom / Two Bathroom Unit, Four (4) Two Bedroom / One Bathroom Units, Two (2) One Bedroom / One Bathroom Units and One (1) Bachelor Unit. Despite the renovation of half of the units, there is still plenty of rental upside in the property, presenting an opportunity for the next owner to capture additional income. This potential, combined with the completion of all retrofit work, adds an e xtra layer of safety and compliance with the latest standards, further enhancing the property's value. This pleasing investment opportunity in the heart of Plms presents the ideal chance for both seasoned and entry-level investors to capitalize on the thriving Los Angeles multifamily real estate market. Assumable Financing: The property contains assumable financing provided by JPMorgan Chase Bank for an approved Buyer. Rate at 3.49% fixed until June 1st, 2027.Explore the potential for growth, income stability and immediate returns with this upgraded 8-unit apartment building. Don't miss out on this rare opportunity to acquire a well-positioned and enhanced property in the heart of Palms in West Los Angeles.
Presented by Derrick Vartanian at
Lyon Stahl Investment Re, Inc.
Property MLS #24-372817 from TheMLSCLAW
Full Bathrooms: 9
Heating Features: Wall
Lot Size Source: Assessor
Lot Size Square Feet: 7561
Parking Total: 7
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 2995, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 10780, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 4390, 4 BathsTotal: 1, 4 SquareFeet: 1595
County: Los Angeles
Cap Rate: 3.86
Directions: Nestled in the highly sought-after submarket of Palms in West Los Angeles, this well maintained 8 unit apartment building is located just north of Venice Blvd and east of the 405 Freeway. It offers tenants the chance to reside in one of the most vibrant and desirable pockets of Los Angeles.
Source Property Type: Residential Income
Area: Palms - Mar Vista
Source Neighborhood: Palms - Mar Vista
Parcel Number: 4252-006-018
Postal Code Plus 4: 6931
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $261,514 + $1,046,075 $1,307,589 | $16,402 |
| 2021 | $256,387 + $1,025,564 $1,281,951 | $16,174 |
| 2020 | $253,759 + $1,015,049 $1,268,808 | $16,329 |
| 2019 | $248,784 + $995,147 $1,243,931 | $15,709 |
| 2018 | $243,906 + $975,635 $1,219,541 | $15,579 |
| 2017 | $239,124 + $956,505 $1,195,629 | $15,212 |
| 2016 | $234,436 + $937,750 $1,172,186 | $14,817 |
| 2015 | $230,915 + $923,665 $1,154,580 | $14,609 |
| 2014 | $226,392 + $905,572 $1,131,964 | $14,703 |
| 2013 | $225,369 + $901,480 $1,126,849 | $14,688 |
| 2012 | $220,950 + $883,804 $1,104,754 | $14,882 |
| 2010 | $216,618 + $866,475 $1,083,093 | $3,360 |
| 2009 | $153,057 + $52,339 $205,396 | $3,243 |
| 2009 | $152,694 + $52,214 $204,908 | $3,243 |
| 2008 | $150,056 + $51,313 $201,369 | $3,135 |
| 2007 | $147,114 + $50,307 $197,421 | $3,014 |
$2,400,000
TheMLSCLAW
Listed 2024-03-26
$2,495,000
TheMLSCLAW
Sold 2010-03-30
$1,075,000
Public Record
Year Built: 1965
Levels: Two Level
Living Area Source: Assessor
Property Age: 59
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.