1218 Barrington Avenue

Los Angeles, CA 90025

$4,100,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $431 / sqft

1957

calendar_month Built

Property Description

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. 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. 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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1218 Barrington Avenue
City Los Angeles
State CA
Zip 90025
County Los Angeles
Listing Agent Daniel Andrews DRE#02018695
Courtesy Of Pinnacle Estate Properties
MLS SR24044736
List Price $4,100,000
Status Active
Type Residential Income
Subtype Commercial/Residential
Structure Size N/A
Lot Size 10,496
Year Built 1957
DOM 2

Exterior Information

Maps

Listing information courtesy of: Daniel Andrews, Pinnacle Estate Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 5th, 2024 at 5:09 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.