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Map
$4,100,000
●
Multifamily -
For Sale
1218 S Barrington Avenue
Los Angeles, CA 90025
3 Beds
4 Baths
9500 Sqft
$20,132
Estimated Monthly
$0
HOA / Fees
About This Property
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.
The manager has listed the unit size as 9500 square feet.
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.
The manager has listed the unit size as 9500 square feet.
Unit Size
9,500Ft²
Days on Market
54 days
Land Size
0.24 acres
Price per sqft
$432
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1957
Listed By
Last updated: 2 months ago (MRMLSCA #SR24044736)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 5, 2024 | Listed by Pinnacle Estate Properties, Inc. | $4,100,000 | |
Listed by Pinnacle Estate Properties, Inc. |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
1218 South Barrington Avenue
1218 South Barrington Avenue, Los Angeles, CA 90025
- 1 Unit for Sale
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