3718 S Barrington Ave - Health Care FOR SALE


Los Angeles, CA 90066- Mar Vista
$2,834,000 USD
424-235-8749
3718 S Barrington Ave, Los Angeles, CA for Sale
$2,834,000 USD
Health Care - FOR SALE
1/12
null | 8.09% Cap Rate

3718 S Barrington Ave
Los Angeles, CA 90066
Mar Vista


HIGHLIGHTS

  • $2,834,000 Submit All Offers
  • First Time on the market in 15 YEARS !
  • Formally Leased to a Sober Living Operator grossing $50,000 Per Month with Upside
  • Desirable Mar Vista neighborhood just minutes from The Beach, Retail and Public Transportation
  • Congregate Living Home
  • Luxury Single-Level Living House, which offers comfortable accommodation for 12-18 clients

OVERVIEW

Ever dreamed of owning a custom-built property in Mar Vista, designed for sober living? Welcome to 3178 S Barrington Ave! This one-of-a-kind home features 7 spacious bedrooms and 5 bathrooms, offering you all the space and comfort you need. Step into a world of possibilities with this exclusive property. Imagine owning a property previously leased to a sober living operator, grossing an impressive $50,000 per month with substantial upside potential. Nestled in the coveted Mar Vista neighborhood, this home offers seamless access to the beach, retail hubs, and public transportation. With accommodations for 14 beds, this property presents a unique chance for immediate occupancy and revenue generation in 2024. Don't miss this rare opportunity to own a custom-built masterpiece in a prime location, offering limitless potential for your investment portfolio. And let's talk about the location - it's a dream! Strategically situated near Silicon Beach, Venice Pier and Boardwalk, Santa Monica, Century City, and Culver City, you'll never run out of things to do or places to explore. With easy access to the MTA Expo Line, Blue Bus, and the 10 and 405 freeways, getting around is a breeze. Mar Vista is known for its vibrant community and exciting events, making it the perfect place to call home or invest in. The property is being sold vacant. Broker has no actual documentation to support or verify the past or projected revenue stream stated on the Offer Memorandum. The revenue streams stated in the Offer Memorandum are based on statements of a previous operator. Any buyer or business operator must independently verify all legal uses and conduct its own independent investigations with its own experts regarding any and all aspects of the property. Broker makes no representations or warranties implied or stated with regards to the property.

FOR SALE DETAILS

PRICE

$2,834,000 USD

PRICE/SF

$880 USD /SF

CAP RATE

8.09%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

ADD'L SUBTYPES

Assisted Living, Congregate Senior Housing

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,134 SF

ZONING

LAR1

APN/PARCEL ID

4234-016-008

ASK ABOUT THIS PROPERTY

Alexander RadosevicCanon Properties Beverly HillsMore Info
424-235-8749

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Alexander RadosevicCanon Properties Beverly HillsMore Info
424-235-8749

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