NOT LISTED FOR SALE
15 Beds
10 Baths
6,728 Sq Ft
7,493 Sq Ft Lot

Sale Details

Date Sold: April 28, 2022

Last sale price $2,000,000 $297 Per Sq Ft

87 Days on Market

About This Home

As of April 2022

I am pleased to present for sale 815 North Benton Way, a nine-unit apartment community located just steps from vibrant Sunset Junction. As one of Los Angeles' most walkable neighborhoods, this submarket's popularity and rental demand has grown significantly over the years with artisanal coffee shops, headlined by popular chain, Intelligentsia, in the immediate area. It has become clear that the all-day foot traffic, desirability and growth of the area is on an undeniable trajectory. Built in 1965, Benton Way consists of three one-bedroom units and six two-bedroom units with partial on-site parking. Current tenants are paying an average rent of $841, which is $1,792 below the market rates similar properties are asking for in the immediate area. By bringing in-place rents to market rates and capturing the estimated 164% rental upside, a savvy investor can generate an unprecedented 9.01% CAP and 7.91 GRM for this investment. Investors will have the opportunity to implement a comprehensive interior and exterior renovation program to re-position the property and increase rental income. 815 North Benton is well positioned to provide remarkable rental upside and appreciation potential. ALL BUYERS MUST TOUR PRIOR TO SUBMITTING AN OFFER.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 11/19/2021

Last Buyer's Agent

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 11/19/2021

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,493 Sq Ft Lot

Interior Spaces

  • 6,728 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 10 Bathrooms

Parking

  • 8 Parking Spaces
  • Covered Parking

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 5402-004-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

7,493 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6728
  • Lot Acreage: 0.1722
  • Stories: 2
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 319.56

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 8

Lot Info

  • Assessed Improvement Percent: 84.41
  • Assessed Improvement Value: 172144
  • Assessed Land Percent: 15.59
  • Assessed Land Value: 31799
  • Total Assessed Value: 203943
  • Assessor Parcel Number: 5402-004-009
  • Lot Size Area: 7493

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 19.96
  • Number Of Units: 9
  • Type Of Units: Residential

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2021
Closed on
Apr 6, 2022
Sold by
Bought by
Seller's Agent
Sean Rosenzweig
Marcus & Millichap
Buyer's Agent
Sean Rosenzweig
Marcus & Millichap
List Price
$2,250,000
Sold Price
$2,000,000
Premium/Discount to List
-$250,000
-11.11%

Purchase Details

Closed on
Feb 5, 2021
Sold by
Bought by

Purchase Details

Closed on
Feb 2, 2021
Sold by
Bought by

Purchase Details

Closed on
Sep 17, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,000,000 North American Title
-- None Listed On Document
-- None Available
-- None Listed On Document
-- None Available
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/28/2022 04/28/22 Sold $2,000,000 -7.0% $297 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
02/03/2022 02/03/22 Price Changed $2,150,000 -4.4% $320 / Sq Ft
11/19/2021 11/19/21 For Sale $2,250,000 -- $334 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,569 $2,122,416 $1,061,208 $1,061,208
2024 $26,235 $2,080,800 $1,040,400 $1,040,400
2023 $25,739 $2,040,000 $1,020,000 $1,020,000
2022 $3,710 $210,175 $32,770 $177,405
2021 $3,631 $206,055 $32,128 $173,927
2020 $3,649 $204,303 $31,799 $172,504
2019 $3,550 $200,305 $31,176 $169,129
2018 $3,413 $196,385 $30,565 $165,820
2016 $3,164 $188,415 $29,379 $159,036
2015 $3,130 $185,586 $28,938 $156,648
2014 $3,202 $181,952 $28,372 $153,580
Source: Public Records

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Map

Source: The MLS

MLS Number: 21-106931

The MLS
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