1650 S BENTLEY AVE APT 101 Los Angeles CA 90025-3565

The Neema Group of Marcus & Millichap has been exclusively selected to market for sale 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 Japan town 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 Walk score 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.

• Price / Unit: $661,111
• Current Unit Mix Six 3+2’s Three 2+2’s
• Total Lot Size: 8,230
  
• Minimum Area Per Dwelling Unit: 800
• Units By Right: 10.29
• Los Angeles TOC Density Increase: 70%
• 23% Low Income Units 4
  
• 14% VL Units 2
• 10% ELI Units 2
• 1650 S Bentley Avenue is a rare 13,293 SF, 100% vacant 9-unit, 3-story apartment building located in West Los Angeles, one of the most coveted and sought after rental markets in the city
• Offered at price per unit of $661,111 and price per SF of $448
• Built in 1982, the building doesn’t fall under the Los Angeles City Rent Control, allowing an investor to collect market rents from future tenants
• All units have separate APN’s. The subject property has a desirable unit mix consisting of six 3+2 units and three 2+2 units
• All units are in their original condition and range in size from 1,070 SF to 1,370 SF.