NOT LISTED FOR SALE

3741 S Bentley Ave Los Angeles, CA 90034

Palms Neighborhood
8 Beds
6 Baths
4,194 Sq Ft
7,559 Sq Ft Lot

Last Sold June 17, 2024

Last sale price $1,575,000 $376 Per Sq Ft

47 Days on Market

About This Home

As of June 2024

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.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 04/30/2024

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Michael Mikail

Rodeo Realty License #00978642

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,559 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Parking Spaces

Home Design

  • Apartment

Interior Spaces

  • 4,194 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 1858
  • Assessor Parcel Number 4252007022
  • $857 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $48,270
  • Gross Income $113,832
  • Net Operating Income $62,147

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Price Per Unit: 250000
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4252007022
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 375.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7559.00
  • Lot Size Acres: 0.1735
  • Latitude Manual: 34.01468700

Multi Family

  • Gross Income: 113832.00
  • Gross Scheduled Income: 113832.00
  • Lot Size Area: 7559.0000 Square Feet
  • Net Operating Income: 62147.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 48270.00
  • Rent Control: Yes
  • Total Expenses: 48270.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 2718.01
  • Tax Lot: 48
  • Tax Tract Number: 1858
  • TaxOtherAnnualAssessmentAmount: 857.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2024 06/17/24 Sold $1,575,000 +5.0% $376 / Sq Ft
04/30/2024 04/30/24 For Sale $1,500,000 -- $358 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cameron Samimi

    Seller's Agent in 2024

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    4 in this area

    183 Total Sales

    Cameron Samimi
    Section Image
  • Michael Mikail

    Buyer's Agent in 2024

    Michael Mikail

    Rodeo Realty

    (310) 617-6272

    1 in this area

    20 Total Sales

    Michael Mikail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24076790

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90034 Palms

3741 S Bentley Ave, Los Angeles, CA

This home is located at 3741 S Bentley Ave, Los Angeles, CA 90034 since 30 April 2024. This property was built in 1963. 3741 S Bentley Ave is a home located in Los Angeles County with nearby schools including Charnock Road Elementary School, Palms Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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