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3741 S Bentley Ave #1, Los Angeles, CA 90034
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3741 S Bentley Ave #1 Los Angeles, CA 90034

$1,500,000
  • 8 Beds
  • 6 Baths
  • 4,194 Sq.Ft.
For Sale
$1,500,000 Get Pre-Qualified
Map preview of 3741 S Bentley Ave #1, Los Angeles, CA 90034

Property Overview: 3741 S Bentley Ave #1 Los Angeles, CA has 8 bedrooms, 6 bathrooms, 4,194 living square feet and 7,559 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 3741 S Bentley Ave is an amazing opportunity to own six units offered at only $250k/unit in the desirable West LA neighborhood of Palms. There is still over 60% upside available in monthly rental income. Whether you are long term or a value-add investor, the subject property is the perfect asset to help achieve your investment goals. 3741 S Bentley Ave features a unit mix of (3) 2-Bed/1- Bath, (2) 1-Bed/1-Bath and (1) Studio/1-Bath units. Once all units are renovated and rented for market, the property will operate at a 11.13% CAP and 6.62 GRM. Beneficial to the new owner, retrofit work has been completed! This investment is in one of the most sought-after neighborhoods on the Westside. This location is every renter's dream being only steps from Downtown Culver City, an area boasting many great restaurants, shopping and entertainment. 3741 S Bentley Ave is also located near new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 13 minutes ago | Last updated: April 30th, 2024 | Source CRMLS | DOM: 3
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Home details

Lot Sq. Ft
7,559
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Apartment
Status
Active
MLS#
SB24076790
City
Los Angeles
County
Los Angeles
Time on Site
10 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,536
  • Total Rent: $1,536
  • Pro Forma/Market Rent: $3,504
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,293
  • Total Rent: $1,293
  • Pro Forma/Market Rent: $2,760
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $3,504
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $927
  • Total Rent: $927
  • Pro Forma/Market Rent: $2,448
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,575
  • Total Rent: $2,575
  • Pro Forma/Market Rent: $2,760
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,303
  • Total Rent: $1,303
  • Pro Forma/Market Rent: $3,504
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $113,832
  • Net Operating Income: $62,147
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $48,270
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 3741 S Bentley Ave #1

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Property Details for 3741 S Bentley Ave #1

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 4252007022
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off Venice and Sepulveda
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 3741 S Bentley Ave #1

Last sold for $1,400,000 on January 27th, 2023

  • April, 2024

  • Apr 30, 2024

    Date

    Active

    CRMLS: SB24076790

    $1,500,000

    Price

  • January, 2023

  • Jan 27, 2023

    Date

    Sold

    CRMLS: SB22156851

    $1,400,000

    Price

  • Jul 16, 2022

    Date

    Active

    CRMLS: SB22156851

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • September, 2003

  • Sep 30, 2003

    Date

    Sold (Public Records)

    Public Records

    $605,000

    Price

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Tax History for 3741 S Bentley Ave #1

Assessed Value (2020): $1,147,092
Year Land Value Improved Value Assessed Value
2020 $955,915 $191,177 $1,147,092

Home Value Compared to the Market

This property vs the competition

3741 S Bentley Ave #1 is listed 22.45% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $357.65 per/sqft which puts the price per square foot 53.79% lower than the median price per square foot for the city of Los Angeles.

About 3741 S Bentley Ave #1

Detailed summary of property

3741 S Bentley Ave #1 is a apartment located in Los Angeles, CA 90034 and is currently for sale. This apartment offers 8 bedrooms, 6 bathrooms, roughly 4,194 living square feet, and sits on an approximately 7,559 square foot lot. 3741 S Bentley Ave #1 was first listed on ArdentRealEstateGroup.com on April 23, 2024. The homeowner is currently asking $1,500,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 22.45% higher than the median priced home. Local competing homes currently for sale include 2593 Amherst Ave, 2026 Federal Ave and 8664 Cadillac Ave. While the average home in Los Angeles, CA is selling in 96 days, 3741 S Bentley Ave #1 has a days on market of 3 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 3741 S Bentley Ave #1 Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3741 S Bentley Ave #1

Public county record property details
Beds
8
Baths
4
Year built
1963
Sq. Ft.
2,514
Lot Size
7,558
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
48
APN
4252-007-022

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,995,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

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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.

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