Courtesy of: Braemon Hanes 01230427 | | Hanes Investment Rlty
Days On Market: 59
Square Footage: 26,990 Sq ft
Address: 1616 S Bentley AVE
County: Los Angeles
City: Century City
Neighborhood: Westwood - Century City
The Bentley complex is a three story, wood frame and stucco multifamily property built over gated parking and constructed in 1987, per assessor with approximately 26,990 square feet on a 13,894 square foot lot, zoned LAR3. The units feature high ceilings (Penthouse units 9' per seller), central heat and air conditioning, recessed lights, fireplaces, balcony or patio, french doors, elevator, gated garage parking and laundry. The property is located close to University of Califormia at Los Angeles (UCLA) as well as having easy access to the 405 and 10 freeways. It is walking distance to parks, library, shopping and public transportation. It is also conveniently located approximately 4 miles from the beach, 1.6 miles from Century City and 2 miles to Beverly Hills. Westwood is a beautiful and luxurious part of the Westside of Los Angeles and is surrounded by Century City, Brentwood, Bel Air, Beverly Hills, West LA, Culver City, Santa Monica, Marina Del Rey, Palm, Mar Vista, Rancho Park, Playa Vista, Venice, Playa Del Rey, West Hollywood. The property is near farmer's market at senior center, West LA Civic Center, Barrington Chess Club, University High School, , Mt. Saint Mary, UCLA Medical Center, Westside Pavilion, Century City Shopping Center, Sprouts, Trader Joe s, Whole Foods, Paul Getty Center, nature mountain hiking. Bentley complex is rated as Walkers Paradise with a 93 Walk Score and good transit. It is also very bikable with a Bike Score of 79. Beyond the potential of the physical plant and the superior location of the property are the outstanding metrics of the offering. In addition, in process is the addition of ADUs. Three studio apartments and the addition of three bedrooms to existing units. Seller is also in the process of condominium conversion - tentative tract map filed. Buyer will receive the benefit of the ADU and Conversion work that has already been completed, but it will be the buyer's responsibility to complete those if desired. Transaction Note: The co-owners are motivated to sell this property. The principals are planning to make a decision regarding offer selection April 15th. Offers will need to be non-contingent at that time to be considered competitive. Target close of escrow date to be June 30, 2022.