1218 S Barrington Avenue
Los Angeles,
CA
90025
Property Details
List Price: |
$4,100,000 |
Beds: |
3 |
Baths: |
4 |
Status: |
Active |
SqFt: |
9500 |
Agency: |
Pinnacle Estate Properties, Inc. |
Description/Comments
Lot Size: |
10,496 sqft |
Property Type: |
MultiFamily |
Year Built: |
1957 |
Notes: |
The Andrews Group has been exclusively retained to market for sale a value-add multifamily property on one of the most sought-after corners in all of Los Angeles' West Side. 1218-1220 South Barrington is a 9,500-square foot multifamily building constructed in 1957 containing thirteen units. (Unit Mix: (1) 2+2, (8) 1+1, (4) Studio) This multifamily property has been a family-held, well-maintained asset for many decades, ready to be handed to a new owner to enjoy the significant upside of the below-market rents.<br />
<br />
Each unit at 1218 South Barrington includes a balcony, spacious rooms with space for storage, laundry on-site, and parking. On average, the 1218 South Barrington Ave units are rented at approximately 35% under market value. In addition, updates to 1218 South Barrington include completion mandatory earthquake retrofitting and a new roof.<br />
<br />
1218 South Barrington is situated on a short drive from the Santa Monica coast in the quiet, upscale neighborhood of Brentwood in West Los Angeles, CA. Residents of 1218 S Barrington Avenue will enjoy the proximity to the trendy local restaurants, bars, dessert shops, grocers, craft stores, and various other specialty shops in town in less than a ten-minute walk. Sited two miles away from the University of California and the VA Greater Los Angeles Healthcare Systems, this is the perfect location. Well maintained, with incredible accessibility, 1218 S Barrington Avenue is primed to offer an ideal investment opportunity to acquire a multifamily asset strategically located in desirable West Los Angeles. |
MlsNumber: |
SR24044736 |
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Listing Provided By: |
Pinnacle Estate Properties, Inc., original listing |
Name: |
Pinnacle Estate Properties, Inc. |
Phone: |
(818) 993-7370 |
Office Name: |
Pinnacle Estate Properties |
Office Phone: |
(818) 993-7370 |
Agent Name: |
Daniel Andrews |
Disclaimer: |
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