Executive Summary

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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 Japantown 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 Walkscore 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

• 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.
• The subject property features nine individually gated double parking spaces on-site (20 total parking space)
• Gas and electricity are both separately metered, laundry hook-ups in the three-bedroom units, a community laundry room for the two-bedrooms and central air conditioning throughout.
• 1650 Bentley Ave is considered a Walker’s Paradise with a Walk score of 94/100 and is conveniently located right by the 405 Fwy., just south of UCLA, Veterans Hospital and Westwood Village

Area Overview

WESTWOOD VILLAGE

Located on the Westside of Los Angeles, Westwood is a commercial and residential neighborhood that’s bordered by Beverly Hills to the east and Century City on the southeast. Westwood Village centers on a 1920s Mediterranean-style shopping precinct, now home to chain boutiques, coffee shops, and casual eateries. The acclaimed Geffen Playhouse presents new plays and classics, while movie theaters include the 1931 Regency Village, with its distinctive Spanish-inspired tower. Exhibitions at the nearby Hammer Museum range from old masters to contemporary art. 

Westwood was initially developed in 1919 by Arthur Letts, the founder of the Broadway and Bullock’s department stores. Developed in 1929 by Janss Investment Company. The campus of the University of California, Los Angeles (UCLA) is just north of Westwood Village. 

SAWTELLE JAPANTOWN

The neighborhood of Sawtelle Japantown (formerly known as Little Osaka) is a true gem of West Los Angeles. The historic area is home to a sizable Japanese American population and is known for the trendy shops and restaurants centered on Sawtelle Boulevard. Today, Sawtelle Japantown is represented not only by its Japanese American postwar settlers and their descendants, but by a diverse set of Asians and other ethnicities and backgrounds. Take a stroll through the neighborhood and shop kitschy boutiques, nosh on delicious multicultural fare and more.

BRENTWOOD 

Brentwood includes high-style boutiques and trendy restaurants balanced by large secluded houses in the foothills of the Santa Monica mountains. A tranquil refuge for residents, while maintaining a distinct presence in greater Los Angeles culture. One of the neighborhood’s defining features is the Getty, which delivers world-class art from its mountainside perch. 

Specialty food and clothing shops, like those in Farmshop, power this community’s sharp appearance and organic diet. The Brentwood Farmers Market, one of the best in LA, draws people from all over the city.

SANTA MONICA

Santa Monica is a beachside city of 8.3 square miles on the westside of Los Angeles County. Offering an environment of unparalleled natural beauty, the city is home to a mix of residential communities, commercial districts, and recreational venues. Santa Monica features three miles of Pacific beaches and the Santa Monica Pier. 

CENTURY CITY 

This “city within a city” is home to a cluster of high-rises that command a visible stretch of L.A.’s skyline. Century City is located on the west side of Los Angeles, sandwiched between Beverly Hills, West Hollywood, and Cheviot Hills. It’s known for having distinct skyscrapers and civic buildings, which form a trademark skyline that is visible from several canyons throughout Los Angeles. Century City is also home to several businesses, talent agencies, emergency centers, and entertainment studios.

The culture here is dominated by the Westfield Century City shopping mall. The upscale center has nearly 50 shops and restaurants, as well as a grocery store. The Annenberg Space for Photography is also within the neighborhood’s boundaries and hosts free exhibits throughout the year.

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