Los Angeles, CA 90025 1218 S Barrington Avenue

1218 S Barrington Avenue Los Angeles, Ca - Image 11218 S Barrington Avenue Los Angeles, Ca - Image 21218 S Barrington Avenue Los Angeles, Ca - Image 3
3 more
1218 S Barrington Avenue Los Angeles, Ca - Image 41218 S Barrington Avenue Los Angeles, Ca - Image 51218 S Barrington Avenue Los Angeles, Ca - Image 61218 S Barrington Avenue Los Angeles, Ca - Image 7
Presented By: Daniel Andrews with Pinnacle Estate Properties;
  • MLS# SR24044736
  • 03/05/2024
  • Request Tour
  • Request Info
  • BedBeds • 10
  • BathBaths • 4
  • FootageSQFT • 9,500

Home Details

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.
Presented By: Daniel Andrews with Pinnacle Estate Properties;

Interior Features for 1218 S Barrington Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 1218 S Barrington Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.85
Carport Spaces15.0
Carport Y/NYes
CityLos Angeles
Community FeaturesCurbs, Gutters
CountyLos Angeles
Days on Market
DirectionsN/A
Electric Expense6426.0
Entry LocationFront and Rear
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income281583.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense7600.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet10496.0
MLS AreaWLA - West Los Angeles
MobileHomeRemainsYNNo
Net Operating Income159000.0
New ConstructionNo
Operating Expense114171.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameBarrington
Tax Lot11
Total Units13
Trash Expense6138.0
View Y/NNo
Water Sewer Expense6426.0
Waterfront Y/NNo
Year Built1957
Year Built SourceAssessor
ZoningLAR3

Exterior for 1218 S Barrington Avenue

Building Area Total9500.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre, NearPublicTransit
Lot Size Acres0.241
Lot Size Area10496.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters13
Number of Separate Gas Meters13
Number of Separate Water Meters13
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking15.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $4,100,000
MLS#SR24044736
List Date 03/05/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 1218 S Barrington Avenue