3709 S Bentley Ave, Los Angeles, CA 90034

3709 S Bentley Ave, Los Angeles, CA 90034

Los Angeles, CA 90034

Property Description

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.

Property Features

  • Sale Price: $2,495,000
  • Area Size: 7,561 sq ft
  • Year Built: 1965
  • Units: 8
  • Current GRM: 16.06

Lyon Stahl Investment Real Estate

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