815 North Benton Way
815 North Benton Way Los Angeles, California 90026 United States

$2,250,000
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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...

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
$2,250,000
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.17 Acres
Exterior
Residential Income
Property type
1965
Year Built
21106931
Web Id
21106931
MLS ID
Los Angeles Unified
School District
15
days ago

About 815 North Benton Way

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.

Listing Courtesy of Sean Rosenzweig, Marcus & Millichap, 01406343, Active

PROPERTY INFORMATION

Parking Description
Covered

ADDITIONAL INFORMATION

Number of Units
9

815 North Benton Way, Los Angeles, California 90026 United States is a Residential Income for Sale for $2,250,000. Was built in 1965,  on a lot of .17 Acres ( m2) and it's composed from .


Listing Courtesy of Marcus & Millichap

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
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Based on information from CRISNet MLS as of at the data was obtained. 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.