1440 S Barrington Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$2,599,000 USD
619-500-3222
1440 S Barrington Ave, Los Angeles, CA for Sale
$2,599,000 USD
Apartments - FOR SALE
1/15
null | 6.49% Cap Rate

1440 S Barrington Ave
Los Angeles, CA 90025
West Los Angeles


OVERVIEW

Rare opportunity to own a wonderfully located West Los Angeles 7-unit apartment building. This 7-unit, 5,855 square-foot multifamily building is 100% occupied and consists of three 1BR+1BA units and four 2BR+2BA units. (One 2-bedroom unit will be delivered vacant.) Six of the units have either a large balcony or patio space, and each unit has its own tandem parking space and additional storage space. This multifamily property has been a family-held, well-maintained asset for many decades, and it is ready to be handed to a new owner to enjoy the significant upside of the below-market rents. The building sits on a 7,000 sqft lot, is gated, and has onsite laundry facilities. Only a short drive from the Santa Monica coast, less than 2 miles from UCLA, and adjacent to the upscale neighborhood of Brentwood in West Los Angeles. The prime location is within walking distance of trendy local restaurants, bars, dessert shops, grocers, craft stores, and various other specialty shops.

FOR SALE DETAILS

PRICE

$2,599,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

7

PRICE/UNIT

$371,286

CAP RATE

6.49%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

R3-1

APN/PARCEL ID

4263-020-013

ASK ABOUT THIS PROPERTY

Glen HendersonLpt Realty, IncMore Info
619-500-3222

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Glen HendersonLpt Realty, IncMore Info
619-500-3222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.