406 North Benton Way

Los Angeles, CA 90026

$1,285,000
Last Sold Price
3
Beds
4
Baths
1,698 Sq. Ft.
$757 / Sq. Ft.
1,698
Sq. Ft.
$757
per Sq. Ft.

Description

FULLY VACANT TRIPLEX at the crossroads of Silver Lake and Historic Filipino Town. A truly unique opportunity that will provide cashflow from day one, or a fantastic owner/user residence to sit back and enjoy while you build equity. Every unit of this 1920's craftsman is ready for full market-rate rental income. Three one bedroom units feature new or newer appliances, expansive cabinet space, and updated baths with subway tile and quartz counters. Petite porches, separate entrances, and the ability...FULLY VACANT TRIPLEX at the crossroads of Silver Lake and Historic Filipino Town. A truly unique opportunity that will provide cashflow from day one, or a fantastic owner/user residence to sit back and enjoy while you build equity. Every unit of this 1920's craftsman is ready for full market-rate rental income. Three one bedroom units feature new or newer appliances, expansive cabinet space, and updated baths with subway tile and quartz counters. Petite porches, separate entrances, and the ability for each unit to have its own designated outdoor space adds to the feeling of privacy. A large gated front yard could easily be divided for the individual use of both front units, while a large back patio with a centerpiece lemon tree has enough room for entertaining, lounging and developing your green thumb. Two of the units have direct access to the back patio, while one features a skyline view of downtown. Recently reconverted from a duplex back to a triplex, everything has been permitted and signed off on by the City, making this a worry-free investment property for the ages. A gated rear parking pad has room for three cars in addition to a one car garage that could be great for storage, or as value-add for one of the units. This property is a great addition to any portfolio, or an excellent way to dip your toe into the world of income property. Estimated 6% Cap Rate or 24% Cash over Cash Return (based on 25% down payment). Any way you slice it, this property pencils out.
  1. Listed by Elizabeth Daly • DRE #02012985 • Brokerage DRE #01407690 • Sotheby's International Realty

Property Details for 406 North Benton Way

Zoning
LAR3
Style
California Bungalow
Parcel Number
5156026010
Total Units
3.0
Living Area
1698
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
All
LISTING UPDATED: 12/30/2024 12:12 PM

Property Details for 406 North Benton Way

StatusSold
MLS #24-453967
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.10 AC / 4,501 SF
CountyLos Angeles County

Building Information for 406 North Benton Way

Stories1Residences-Year Built1921Building Size-Lot Size0.10 AC / 4,501 SF

Property Information for 406 North Benton Way

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 1 Bedroom
  • View: Yes
  • View Description: City Lights, City, Skyline
  • View: City Lights
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $90,630
  • Net Operating Income: $72,108.00
  • Gross Income: $95,400
  • Cap Rate: 5.66%
  • Gross Rent Multiplier: $13.36
  • Owner Pays: Gardener
  • Total Annual Expense: 18522
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1033
  • Lot Size Square Feet: 4501
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Garage Is Detached, Private, Uncovered, Side By Side, Gated
  • Total Parking: 4
  • Covered Parking: 1
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 1
  • Parking Features: Garage - Single Door, Private, Uncovered, Side by Side, Gated
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Built-Ins, Dishwasher, Refrigerator, Washer, Dryer, Range/Oven
  • Common Walls: Attached
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-17-2024
  • Tenant Pays: Gas, Water, Trash Collection, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $408,277.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $612,417.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,020,694.00

Property History for 406 North Benton Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 406 North Benton Way

Taxable ValueLand$624,665Additions$416,442Total$1,041,107
Tax Record2024$12,815 ($1,068 / month)
Home Facts
Total Finished SqFt1,698 SqFtAbove Grade Finished SqFt1,698 SqFtLot Size4,499 SqFtStyleTriplexYear Built1921ZoningLAR3CountyLOS ANGELESAPN5156-026-010

Schools near 406 North Benton Way

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 1
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Lake Street Primary School
PublicK to 1

Rosemont Avenue Elementary School
Public2 to 5

Virgil Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sotheby's International Realty, Elizabeth Daly, DRE #02012985

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.