3709 Bentley Avenue, Los Angeles

$2,495,000

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5 Beds
5 Baths
6,710 Sqft
.17 Acre
0 Garage

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.

Essential Information

MLS® #
24372817
Price
$2,495,000
Bedrooms
5
Bathrooms
5.00
Square Footage
6,710
Acres
0.17
Year Built
1965
Type
Residential Income
Status
Active

Community Information

Address
3709 Bentley Avenue
Area
C13 - Palms - Mar Vista
City
Los Angeles
County
Los Angeles
Zip Code
90034
Senior Community
N

Amenities

Parking Spaces
7
Parking
Covered
Garages
Covered

Interior

Heating
Wall Furnace
Cooling
Wall/Window Unit(s)
# of Stories
2
Stories
Two

Additional Information

Date Listed
March 26th, 2024
Days on Market
53
Zoning
LAR3

Listing Details

Agent
Derrick Vartanian

Office

Lyon Stahl Investment Real Estate, Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of May 18th, 2024 at 10:20am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.