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Map
$1,719,395*
●
Multifamily -
Off Market
3741 S Bentley Avenue
Los Angeles, CA 90034
Studio
0 Bath
3802 Sqft
$1,440,000 - $1,760,000
Reference Base Price*
7.46%
Since Feb 1, 2023
CA-Los Angeles
Primary Model
About This Property
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) delivered vacant 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.
The manager has listed the unit size as 3802 square feet.
The manager has listed the unit size as 3802 square feet.
Unit Size
3,802Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$421
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 31, 2023 | No longer available | - | |
No longer available | |||
Dec 7, 2022 | Relisted | $1,600,000 | |
Relisted | |||
Nov 28, 2022 | In contract | - | |
In contract | |||
Sep 29, 2022 | No longer available | - | |
No longer available | |||
Aug 25, 2022 | In contract | - | |
In contract |
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Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
2
Beds
6
Baths
2,075 ft²
$911/ft²
$1,890,000
Nov 17, 2022
-
-
In Contract
House
3
Beds
1
Bath
936 ft²
$1,603/ft²
$1,500,000
Feb 13, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
07/16/2022
|
|
Studio
|
-
|
3802 ft²
|
$1,600,000
Studio
-
3802 ft²
|
-
-
|
-
|
Mark Ehlers
Imperial Real Estate
|