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1218 S Barrington Avenue
Los Angeles, CA 90025

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Property Details


List Price: $4,100,000
Beds: 3
Baths: 4
Status: Active
SqFt: 9500
Agency: Pinnacle Estate Properties, Inc.

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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


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: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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