$6,195,000
$5,950,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
22 Beds
16 Baths
13,293 SqFt
SOLD DATE : 03/15/2022
Key Details
Sold Price $6,195,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,293 sqft
Price per Sqft $466
MLS Listing ID 22122003
Sold Date 03/15/22
Bedrooms 22
HOA Y/N No
Year Built 1982
Lot Size 8,228 Sqft
Property Description
1650 S Bentley Avenue, a 100% vacant 9-unit, 3-story apartment building located in one of the most coveted rental markets in Los Angeles. The subject property is in the heart of West Los Angeles with Sawtelle Japantown steps away, Westwood Village and UCLA a short bicycle commute north, and neighboring Century City to the east and Santa Monica to the west. 1650 Bentley Ave is situated just north of Santa Monica Blvd, east of the 405 FWY and merely blocks away from Veterans Hospital. The neighborhood is considered a walker's paradise and boast a high Walkscore of 94/100, (meaning all errands can be done without a car).Built in 1982, the building doesn't fall under the Los Angeles City Rent Control, allowing an investor to collect market rents from nearby students or working professionals. All units have separate APN's. 1650 Bentley Ave offers buyers a desirable unit mix consisting of six three-bedroom/two-bathroom units and three two-bedroom/two-bathroom units, all in their original condition and ranging in size from 1,070 SF to 1,370 SF. Unique to the building is also the number of balconies per unit, every unit except for 101 (two balconies) have three balconies, offering a rare selling feature in today's market.The property, with 13,293 of rentable or sellable square feet on a 8,230 sf lot, features nine double parking spaces on-site that individually gated (20 total parking space), laundry hook-ups in the three-bedroom units, a community laundry room for the two-bedrooms and central air conditioning throughout. 1650 Bentley is being offered at price per unit of $661,111 and price per SF of $448.The West Los Angeles neighborhood continues to be a strong rental submarket with rising rents year over year and demand continuing, illustrated by the rapid growth of new developments. Residents have the convenience of amenities surrounding them on Santa Monica Blvd, Sawtelle Drive, just blocks away. Individual APN's for all units: 4324-032-088, 4324-032-089, 4324-032-090, 4324-032-091, 4324-032-092, 4324-032-093, 4324-032-094, 4324-032-095, 4324-032-096
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning [Q]R3-1-0
Interior
Interior Features Ceiling Fan(s)
Heating Natural Gas
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Assigned, Door-Multi, Garage, Gated
Total Parking Spaces 20
Building
Story 3
New Construction No
Others
Senior Community No
Tax ID 4324032088
Special Listing Condition Standard
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Bought with Neema Ahadian • Marcus & Millichap
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