5
$658,000
$564.81
4.36%
15.84
4.46%
15.58
The LAAA Team of Marcus & Millichap is proud to present these 5 units located at 1760 S Bentley Avenue in Los Angeles, California. Built in 1964, the property sits on 6,499 square feet of land with 5,825 square feet of rentable area and consists of (1) 1-Bed/1-Bath, (1) 2-Bed/1.5-Bath, (1) 2-Bed/2-Bath, and (2) 3-Bed/2-Bath Units.
This 5-unit apartment building will be delivered with 4 units vacant, which allows a savvy investor the opportunity to hedge their bet against the upcoming increased rent control proposition by achieving market rents on nearly all units immediately.
Huge Potential for ADUs
We had an architect put together an ADU feasibility study and you can potentially add 3 ADUs in this building by doing the following:
First, convert the existing 2nd Story back unit (Unit #3) from a 3-Bedroom unit to two separate units containing a 2-bedroom unit and a 1-bedroom unit. The 2-bedroom unit would be approximately 830 sq. ft. and the 1-bedroom unit would be approximately 592 sq. ft.
Next, the tuck-under covered parking spaces at the front of the property are potential locations for 1-story garage conversion, attached ADUs. Either one large attached ADU at approximately 1,050 sq. ft. could be built in this location or two smaller Attached ADUs at approximately 525 sq. ft. each. The larger attached ADU could be a 2-bedroom unit and the smaller Attached ADUs could be 1-bedroom units.
Since the proposed ADUs are within mile of public transit, no parking spaces would be required. Also, any lost parking spaces would not have to be replaced due to the conversion of the existing garage space into attached ADU floor area or due to the proposed detached ADUs.
