Tracy Macrum
COMPASS
(213) 267-3143
26 Total Sales
1 in Silver Lake
$3,218,000 Price
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
Marcus & Millichap License #01406343 Listed on: 11/19/2021
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Tracy Macrum
COMPASS
(213) 267-3143
26 Total Sales
1 in Silver Lake
$3,218,000 Price
Beatrice Harendza-Harinxma
COMPASS
(818) 418-8114
49 Total Sales
2 in Silver Lake
$2.5M - $2.8M Price Range
Steve Julian
Luxury Collective
(747) 293-4987
172 Total Sales
1 in Silver Lake
$919,000 Price
Justin Eden
KW College Park
(469) 278-7236
34 Total Sales
1 in Silver Lake
$1,250,000 Price
Antony Vafaie
(747) 234-2168
4 Total Sales
2 in Silver Lake
$2,350,000 Price Range
Louis Maskin
Compass
(877) 569-5535
20 Total Sales
1 in Silver Lake
$6,700,000 Price
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 | ||
| -- | -- |
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 |
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 |
Seller's Agent in 2022
Sean Rosenzweig
Marcus & Millichap
(213) 943-1800
1 in this area
67 Total Sales
Source: The MLS
MLS Number: 21-106931
Ask me questions while you tour the home.