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203 N Benton Way Los Angeles, CA 90026

$2,530,000 Sold Price as of 03/25/2022

12 Beds
12 Baths
4,254 Sq.Ft.

Sold

$2,530,000 Sold Price as of 03/25/2022 Refinance Your Mortgage

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Map preview of 203 N Benton Way, Los Angeles, CA 90026

Property Overview: 203 N Benton Way Los Angeles, CA has 12 bedrooms, 12 bathrooms, 4,254 living square feet and 4,800 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present for sale 203 North Benton Way, a five-unit apartment community located just a mile from vibrant Sunset Junction. As one of Los Angeles' most walkable neighborhoods, this submarket's popularity and rental demand has grown significantly over the years, with artisanal coffee shops, headlined by popular chain, Intelligentsia, in the immediate area. It has become clear that the all-day foot traffic, desirability and growth of the area is on an undeniable trajectory. Built in 1925, Benton Way consists of four two-bedroom units and one four-bedroom, four-bathroom house with partial on-site parking. Current ownership has extensively renovated the exterior and all units at the property with high-end finishes including stainless steel appliances, high-end countertops, in-unit washer/dryer, central A/C, new flooring, and more.203 North Benton Way provides investors a rare buying opportunity to acquire a renovated apartment community that also offers a stand-alone single-family residence. The property is well-situated to provide a healthy income stream and solid market appreciation as the area continues its upward trajectory.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap

Last checked: 16 minutes ago | Last updated: April 1st, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft: 4,800
HOA Dues: $0/mo
Year built: 1926
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22120273
City: Los Angeles
County: Los Angeles
Time on Site: 847 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,754
Total Rent: $2,754
Pro Forma/Market Rent: $2,850

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,854
Total Rent: $2,854
Pro Forma/Market Rent: $2,850

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,395
Total Rent: $2,395
Pro Forma/Market Rent: $2,850

Unit Breakdown 4

# of Units: 1
# of Beds: 4
# of Baths: 4
Furnishing: Unfurnished
Actual Rent: $4,304
Total Rent: $4,304
Pro Forma/Market Rent: $4,400

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,499
Total Rent: $2,499
Pro Forma/Market Rent: $2,850

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 14.63
Gross Scheduled Income: --
Net Operating Income: $123,604
Gross Operating Income: $172,342

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 203 N Benton Way

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 4
Has Parking
Parking Features: Tandem Garage

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 5
Parcel Number: 5156022028

Location / Neighborhood

Location Information

Directions: South of the 101 Freeway, North of Beverly Boulevard. Just a Mile from Sunset Junction Which is Home to Many of the City's Most Popular Boutique Restaurants, Bars and Coffee Shops

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Local Los Angeles Agent

Sale History for 203 N Benton Way

Last sold for $2,530,000 on March 25th, 2022

March, 2022
Mar 25, 2022

Date

Sold

CRMLS: 22120273

$2,530,000

Price
Jan 20, 2022

Date

Active

CRMLS: 22120273

$2,600,000

Price
August, 2021
Aug 25, 2021

Date

Expired

CRMLS: 21768436

$3,499,999

Price
Aug 3, 2021

Date

Active

CRMLS: 21768436

$3,499,999

Price
Listing provided courtesy of CRMLS
July, 2021
Jul 31, 2021

Date

Expired

CRMLS: 21766350

$3,499,999

Price
Jul 29, 2021

Date

Price Change

CRMLS: 21766350

$3,499,999

Price
Jul 28, 2021

Date

Active

CRMLS: 21766350

$10,000,000

Price
Listing provided courtesy of CRMLS
November, 2019
Nov 8, 2019

Date

Sold

CRMLS: OC19225318

$1,180,000

Price
Oct 16, 2019

Date

Active Under Contract

CRMLS: OC19225318

$1,180,000

Price
Sep 23, 2019

Date

Active

CRMLS: OC19225318

$1,180,000

Price
Listing provided courtesy of CRMLS

Best Priced Residential Income Opportunity. This property has a tremendous potential located in this highly desirable area of Los Angeles near Downtown, Chinatown, and Echo Park. This area has seen a dramatic change in the last two years, demand for rentals have skyrocketed in the neighborhood. It consists of 1 two story Single Family Home with 4 bedrooms, 1 1/2 bath and a separate 4 plex units each has 1 bedroom and 1 bath on the same lot. Each unit has its own utility meter each unit pays own utilities except for water and sewer.

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January, 2014
Jan 9, 2014

Date

Sold (Public Records)

Public Records

$650,000

Price

Tax History for 203 N Benton Way

Assessed Value (2020): $1,180,000

Year	Land Value	Improved Value	Assessed Value
2020	$830,000	$350,000	$1,180,000

Home Value Compared to the Market

This property vs the competition

203 N Benton Way sold on March 25, 2022 for 118.49% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $611.19 per/sqft which puts the price per square foot 19.05% lower than the current median sale per square foot for the city of Los Angeles.

About 203 N Benton Way

Detailed summary of property

203 N Benton Way is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 12 bedrooms, 12 bathrooms, roughly 4,254 living square feet, and sits on an approximately 4,800 square foot lot. 203 N Benton Way was first listed on ArdentRealEstateGroup.com on January 20, 2022. The homeowner sold the property for $2,530,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 118.49% higher than the current median priced home. Local homes that are currently for sale include 1801 W 5th St, 125 Union Pl and 513 S Union Ave. While the average home in Los Angeles, CA is selling in 94 days, 203 N Benton Way has a days on market of 13 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 203 N Benton Way Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 203 N Benton Way

Public county record property details

Beds: 8
Baths: 6
Year built: 1926
Sq. Ft.: 4,254
Lot Size: 4,800
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 28
APN: 5156-022-028

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,300,000

Median List Price/Sq.Ft.

$736

Median Sold Price

$1,450,000

Median Sold Price/Sq.Ft.

$817

Total Inventory

Median Sale to List Price %

105.92%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.