3709 S Bentley Avenue
Los Angeles, CA, 90034 $ 2,495,000
Bedrooms13 Baths9.0 Sq 6,710 Monthly Estimate*
$ 17,428
Listed by Lyon Stahl Investment Real Estate, Inc.
for $2,495,000 with 13 bedrooms and 9 full baths. This 6,710 square foot home was built in 1965 on a lot size of 0.1736.
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 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. With a total square footage of 6,710 square feet on a spacious 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 extra layer of safety and compliance with the latest standards, further enhancing the property's value. This beautiful investment opportunity in the heart of Palms 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.
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FeaturesGeneralHeating WallFurnace
Cooling WallWindowUnits
Zoning LAR3
Year Built 1965
Stories 2
Levels Two
Gross Income 158306.0
County Los Angeles
Net Operating Income 92582.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
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 te
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 8
MLS Area C13 - Palms - Mar Vista
Lot Size Square Feet 7561.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Bentley
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 21
Standard Status Active
Year Built Source Assessor
Cap Rate 3.71
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ExteriorParking Features Covered
Total Parking 7.0
Lot Size Area 7561.0
Number of Buildings 1
Spa N
Building Area Total 6710.0
Lot Size Acres 0.1736
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 13
Electric On Property Y/N N
Total Baths 9
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* Excluded FeaturesList ByLyon Stahl Investment Real Estate, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $17,428
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,002,074
Percent of Sale Price 20%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/26/2024 | $2,495,000 | | Listed Price |