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450 S Benton Way, Los Angeles, CA 90057
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450 S Benton Way Los Angeles, CA 90057

$2,995,000 Sold Price as of 04/15/2022
  • 0 Beds
  • 16 Baths
  • 8,772 Sq.Ft.
Sold
$2,995,000 Sold Price as of 04/15/2022 Refinance Your Mortgage
Map preview of 450 S Benton Way, Los Angeles, CA 90057

Property Overview: 450 S Benton Way Los Angeles, CA has -- bedrooms, 16 bathrooms, 8,772 living square feet and 4,015 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fantastic opportunity to purchase an 18 unit building and adjacent parking lot for under $3,000,000! In place cap rate of 4 % with tremendous rental upside. Fantastic rental area of Rampart Village, 2 blocks from prime K Town and close to Downtown LA. Wood-frame building with individual meters for electricity. Huge basement perfect for owned laundry room.4 units remodeled with brand new kitchens and baths , flooring, plumbing and lighting. Building has nice lobby and updated common areas with new flooring , paint and lighting.

Listed by Alex Galuz | BRE #01291486 | Keller Williams Realty Calabasas
Last checked: 5 minutes ago | Last updated: April 18th, 2022 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
4,015
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21113745
City
Los Angeles
County
Los Angeles
Time on Site
923 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 16
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $986
  • Total Rent: $986
  • Pro Forma/Market Rent: $1,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: --
  • Net Operating Income: $120,418
  • Gross Operating Income: $217,357
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 450 S Benton Way

Interior Features
Cooling Information
  • Has Cooling
  • Heat Pump
Heating Information
  • Has Heating
  • Heat Pump
Kitchen Information
  • Has Appliances
  • Disposal
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Controlled Entrance, RV Potential, Gated, Uncovered
Property Information
  • Total # of Units: 18
  • Parcel Number: 5155020009
Location / Neighborhood
Location Information
  • Directions: North of Wilshire St between Vermont and Alvarado
View more facts & features

Local Los Angeles Agent

Sale History for 450 S Benton Way

Last sold for $2,995,000 on April 15th, 2022

  • April, 2022

  • Apr 15, 2022

    Date

    Sold

    CRMLS: 21113745

    $2,995,000

    Price

  • Dec 22, 2021

    Date

    Active

    CRMLS: 21113745

    $2,965,000

    Price

  • February, 2019

  • Feb 6, 2019

    Date

    Sold

    CRMLS: 18346978

    $1,955,000

    Price

  • Nov 29, 2018

    Date

    Pending

    CRMLS: 18346978

    $2,305,000

    Price

  • Oct 20, 2018

    Date

    Price Change

    CRMLS: 18346978

    $2,305,000

    Price

  • Aug 31, 2018

    Date

    Price Change

    CRMLS: 18346978

    $2,400,000

    Price

  • Jun 7, 2018

    Date

    Active

    CRMLS: 18346978

    $2,450,000

    Price

  • Listing provided courtesy of CRMLS

    This property is being offered together/simultaneously with the contiguous street level parking lot and 48-unit building located at 447 S Rampart Ave, also listed by Listing Agent. 450 S Benton Way is a 3-story, 18-unit 1920s apartment building located on a quiet street. The unit mix consists of 18 single (0+1) units. The charming entryway features wood-paneled walls and original period mail slots. The asset is extremely well maintained inside and out and features a security camera monitoring system. The building is master metered for gas (separately studded) and separately metered for electric. The tenants share the 15 surface level parking spaces in the adjacent parking lot.

  • November, 2018

  • Nov 13, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 450 S Benton Way

Assessed Value (2020): $1,234,500
Year Land Value Improved Value Assessed Value
2020 $765,000 $469,500 $1,234,500

Home Value Compared to the Market

This property vs the competition

450 S Benton Way sold on April 15, 2022 for 135.09% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $341.43 per/sqft which puts the price per square foot 56.84% lower than the current median sale per square foot for the city of Los Angeles.

About 450 S Benton Way

Detailed summary of property

450 S Benton Way is a multi family that recently sold in Los Angeles, CA 90057. This multi family property offered -- bedrooms, 16 bathrooms, roughly 8,772 living square feet, and sits on an approximately 4,015 square foot lot. 450 S Benton Way was first listed on ArdentRealEstateGroup.com on December 23, 2021. The homeowner sold the property for $2,995,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 135.09% higher than the current median priced home. Local homes that are currently for sale include 639 Robinson St, 743 N Occidental Blvd and 1146 S Elden Ave. While the average home in Los Angeles, CA is selling in 100 days, 450 S Benton Way has a days on market of 37 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 450 S Benton Way Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 450 S Benton Way

Public county record property details
Beds
--
Baths
18
Year built
1924
Sq. Ft.
8,772
Lot Size
4,014
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
101
APN
5155-020-009

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$680,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$390,000
Median Sold Price/Sq.Ft.
$488
Total Inventory
17
Median Sale to List Price %
100%
Avg Days on Market
22
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Recently Sold Homes Near 450 S Benton Way

425 S Rampart Blvd, Los Angeles, CA 90057
$1,615,000 Last Sold Price
12 Beds
10 Baths
9260 Sq.Ft.
425 S Rampart Blvd
Los Angeles, CA 90057
352 S Benton Way, Los Angeles, CA 90057
$1,325,000 Last Sold Price
4 Beds
3 Baths
2080 Sq.Ft.
352 S Benton Way
Los Angeles, CA 90057
447 S Rampart Blvd, Los Angeles, CA 90057
$7,150,000 Last Sold Price
12 Beds
49 Baths
23072 Sq.Ft.
447 S Rampart Blvd
Los Angeles, CA 90057
336 S Benton Way, Los Angeles, CA 90057
$630,500 Last Sold Price
4 Beds
2 Baths
1866 Sq.Ft.
336 S Benton Way
Los Angeles, CA 90057

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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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