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1726 S Bentley Avenue #204 Los Angeles, CA 90025

3 Beds 2 Baths 1,673 sqft Built 2008

$1,090,000

List Price

$4,220

$4K - $4.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $651.52
  • 3 Days on Market
  • MLS # : 21692936
  • Updated Date : 02/13/2021 at 10:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

Nourmand & Associates-bw

Listing Agent's Description

You will adore this specious Westwood 3-bedroom condo unit. The building is well-maintained, and this unit is in move-in ready condition on the third floor. Trees and greenery are in front of its large balcony. You will have your own private oasis in the heart of the heavily sought-after location. It features an open floor plan with a large dining room, living room with a fireplace & sliding doors leading to the bright balcony, which is perfect for a relaxing afternoon tea or hot summer BBQ. The kitchen is fully equipped with stainless steel appliances. A lovely breakfast bar lies in between the kitchen and the living room for a quick morning bite. Main Bedroom has a walk-in closet plus a large bathroom with granite counters, tub, and an enclosed shower. The other two bedrooms are also roomy and they share a beautiful bathroom. Washer & dryer can be found in the Laundry area for your convenience. This unit comes standard with two parking spaces in the gated garage. Six visitor parking spots are available to your future guests. It is within the boundaries of the highly rated Westwood Chart School (Buyer to verify). Close to a variety of Coffee Shops and restaurants; minutes away driving to UCLA, Westwood Village, Century City's Westfield Shopping Center,Beverly Hills, & Santa Monica Beach. Easy access to 405 and 10 Freeways!

SEE MORE

MARKET HIGHLIGHTS

  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Westside

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $199k1406k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Westside

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q220002500300035004000450050005500Rent in $17845611

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Westwood Charter Elementary School Primary Charter 883 36 9
Emerson Community Charter School Middle Regular 533 23 5
University Senior High School High Regular 1,763 72 7

Westwood Charter Elementary School

  • Education Level: Primary
  • # of students: 883
  • # of teachers: 36
9
GreatSchools Rating

Emerson Community Charter School

  • Education Level: Middle
  • # of students: 533
  • # of teachers: 23
5
GreatSchools Rating

University Senior High School

  • Education Level: High
  • # of students: 1,763
  • # of teachers: 72
7
GreatSchools Rating
 

$981,000$1,199,000$1,090,000

PURCHASE PRICE

$3,798$4,642$4,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,220
EXPENSES Loan Payment -$3,786
Property Tax -$1,098
Property Insurance -$67
HOA -$480
Property Management Fees -$207
CASH FLOW
-$1,418

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,090,000

PROJECTED PRICE

$4,220

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$294,600

INVESTMENT

$294,600

Down Payment
$272,500
Rehab Estimate
$5,750
Closing Costs
$16,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,786

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $272,500
Loan Amount $817,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$653

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $4,220

    LIST RENT
  • $2.52

    LIST RENT PER SQFT
  • $4,316

    COMP ESTIMATED VALUE
  • $2.58

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,2203$4,3004$4,4005$4,850
$4,850
RENT COMPS ANALYSIS
  • 1726 S Bentley Avenue Los Angeles, CA 2
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $4,220
    • $2.52
    •  
  • 10664 Wilkins Avenue Los Angeles, CA 1
    • 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1991
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.55
    •  
  • 1601 S Bentley Avenue Los Angeles, CA 3
    • 3 beds 4 baths ∙ 1,749 Sqft ∙ Built 2005 3 beds 4 baths ∙ 1,749 Sqft ∙ Built 2005
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.46
    •  
  • 1726 S Bentley Avenue Los Angeles, CA 4
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2008
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.66
    •  
  • 2028 S Barrington Avenue Los Angeles, CA 5
    • 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1997
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $2.65
    •  
PROPERTY LISTING DETAILS
Jing Fan
Nourmand & Associates-bw
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21692936
Last Updated: 02/13/2021
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