3709 South Bentley Avenue

3709 South Bentley Avenue

Los Angeles, CA 90034

$2,495,000
Price
13
Beds
9
Baths
6,710 Sq. Ft.
$372 / Sq. Ft.
6,710
Sq. Ft.
$372
per Sq. Ft.
a front view of a house with garden
a front view of a house with a yard
a front view of a house with a yard
a view of a car parking garage
a view of a car garage
a view of a house with a porch
a view of a car park in front of a building
a view of a house with a yard and sitting area
an aerial view of a backyard
an aerial view of multiple house
an aerial view of a multi story parking building with outdoor space
an aerial view of a house with a yard garage and lake view

Description

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,...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.
  1. Listed by Derrick Vartanian • DRE #01816119 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 3709 South Bentley Avenue

Zoning
LAR3
Parcel Number
4252006018
Total Units
8.0
Living Area
6710
Source Living Area
Assessor
Area
Palms - Mar Vista (C13)
Vacancy Rate
1
Lot Size Area
7561

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Derrick Vartanian, DRE #01816119
Add your commute
LISTING UPDATED: 04/16/2024 10:56 AM

Property Details for 3709 South Bentley Avenue

StatusActive
MLS #24-372817
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.17 AC / 7,561 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Derrick Vartanian, DRE #01816119
Add your commute

Building Information for 3709 South Bentley Avenue

Stories2Residences-Year Built1965Building Size-Lot Size0.17 AC / 7,561 SF

Payment Calculator

$15,047 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,616

Property Taxes

$1,431

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3709 South Bentley Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2's,1's,Bach
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $153,593
  • Net Operating Income: $92,582.00
  • Gross Income: $158,306
  • Cap Rate: 3.71%
  • Gross Rent Multiplier: $15.76
  • Total Annual Expense: 61011
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1736
  • Lot Size Square Feet: 7561
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 7
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall, Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-26-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,055.00
  • Unit Actual Rent: $2,055.00
  • Unit Projected Rent: $2,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,749.00
  • Unit Actual Rent: $6,994.00
  • Unit Projected Rent: $10,780.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,224.00
  • Unit Actual Rent: $2,448.00
  • Unit Projected Rent: $4,390.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,595.00
  • Unit Actual Rent: $1,595.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $266,744.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $1,066,996.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,333,740.00

Property History for 3709 South Bentley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3709 South Bentley Avenue

Taxable ValueLand$1,066,996Additions$267,094Total$1,334,090
Tax Record2023$17,166 ($1,431 / month)
Home Facts
Total Finished SqFt6,710 SqFtAbove Grade Finished SqFt6,710 SqFtLot Size7,559 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLAR3CountyLOS ANGELESAPN4252-006-018

Schools near 3709 South Bentley Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charnock Road Elementary School
Public - K to 5
Palms Middle School
Public - 6 to 8
Venice Senior High School
Public - 9 to 12
South Shores/Csudh Visual And Performing Arts
Public - K to 5
Rating
School
Distance
Charnock Road Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

South Shores/Csudh Visual And Performing Arts
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3709 South Bentley Avenue, Los Angeles, CA 90034

3709 South Bentley Avenue is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on March 26, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,495,000. It has been on the market for a total of 36 days and was last sold on March 3, 2010. This listing's school district is Los Angeles Unified School District. Nearby schools include Charnock Road Elementary School, Palms Middle School and Venice Senior High School. 3709 South Bentley Avenue is a 13-bed, 9-bath, 6,710 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Derrick Vartanian, DRE #01816119

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.