3741 South Bentley Avenue, Unit 1

Los Angeles, CA 90034

$1,400,000
Last Sold Price
8
Beds
9
Baths
3,802 Sq. Ft.
$368 / Sq. Ft.
3,802
Sq. Ft.
$368
per Sq. Ft.

Description

Amazing opportunity to acquire well maintained six units in Palms / West Los Angeles/Culver City-adjacent area with significant upside, and one unit (two bedroom) open and available for market rents at close. Less than 3 miles to the Marina and less than 4 miles to the sand at Venice Beach, and easy to the remainder of Southern California via nearby 405 and 10 freeways, this Property presents an in-demand location that will command increasing rents for the foreseeable future. With long-term below-market...Amazing opportunity to acquire well maintained six units in Palms / West Los Angeles/Culver City-adjacent area with significant upside, and one unit (two bedroom) open and available for market rents at close. Less than 3 miles to the Marina and less than 4 miles to the sand at Venice Beach, and easy to the remainder of Southern California via nearby 405 and 10 freeways, this Property presents an in-demand location that will command increasing rents for the foreseeable future. With long-term below-market rents and nearly 70% in upside to market potential, this property presents a tremendous opportunity to reposition the leases into an instant value-add; or to redevelop and reconfigure the footprint on the 7,588sf lot to maximize income potential as a new construction building, which would be exempt from rent control (Buyer to verify). Purchaser may also be able to construct additional units on the property as-is, with possibility to approach adjacent lots for assembly and increased potential, as well as keep current income in place to help with carrying costs during entitlement process.
  1. Listed by Mark Ehlers • DRE #01955008 • Brokerage DRE #01955008 • Imperial Real Estate
  2. Listed by Stephen Garrett • DRE #01991646 • Brokerage DRE #01904054 • The Agency

Property Details for 3741 South Bentley Avenue, Unit 1

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3802
Assessor Parcel Number
4252-007-022
Property Attached YN
false

Location

Add your commute
LISTING UPDATED: 01/30/2023 02:38 AM

Property Details for 3741 South Bentley Avenue, Unit 1

StatusClosed
MLS #SB22156851
Days on Market88
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1963
CountyLos Angeles County

Location

Add your commute

Building Information for 3741 South Bentley Avenue, Unit 1

Building/Complex3741 S Bentley AveFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-

Payment Calculator

$9,111 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$1,471

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3741 South Bentley Avenue, Unit 1

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Financing: Cash
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 1858
  • Tax Census Tract: 2718.01
  • Tax Lot: 48
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999, Rectangular Lot, Value In Land
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $892
  • Unit Type Total Rent: $892
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,254
  • Unit Type Total Rent: $1,254
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,244
  • Unit Type Total Rent: $1,244
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,477
  • Unit Type Total Rent: $1,477
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,390
  • Unit Type Total Rent: $1,390
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 0

Property History for 3741 South Bentley Avenue, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3741 South Bentley Avenue, Unit 1

Taxable ValueLand$1,100,000Additions$300,000Total$1,400,000
Tax Record2023$17,648 ($1,471 / month)
Home Facts
Total Finished SqFt2,514 SqFtAbove Grade Finished SqFt2,514 SqFtLot Size7,559 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN4252-007-022

Schools near 3741 South Bentley Avenue, Unit 1

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Charnock Road Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Puc Inspire Charter Academy
Charter6 to 8

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Imperial Real Estate, Mark Ehlers, DRE #01955008; The Agency, Stephen Garrett, DRE #01991646

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.