Daniel Andrews
Pinnacle Estate Properties
818-993-7370
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.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1957
Building Area Total: 9,500
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.241
Lot Size Source: Assessor
Lot Size Square Feet: 10496
Original List Price: 4,100,000
Listing Contract Date: 2024-03-01
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4263011027
Garage Description: Assigned
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: WLA - West Los Angeles
Postal Code Plus 4: 1654
Directions: N/A
Zoning: LAR3
Source Property Type: Residential Income
Area: WLA - West Los Angeles
Property SubType: Mixed Use
Property Age: 67
Common Walls: 2+ Common Walls
Structure Type: Mixed Use
Year Built Source: Assessor
Entry Level: 1
Entry Location: Front and Rear
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1930 S Beverly Glen Bou.., Los Angeles, CA,90025 | $1,000,007 | 2 | 3 | 1,527 | 17250 Sqft |
10935 Missouri Avenue #B, Los Angeles, CA,90025 | $2,195,000 | 4 | 3 | 3,413 | 6551 Sqft |
11750 Wilshire Boulevar.., Los Angeles, CA,90025 | $20,000 | 2 | 2 | 1,129 | 1351 Sqft |
1233 Barry Avenue #201, Los Angeles, CA,90025 | $2,650 | 2 | 1 | 900 | 13547 Sqft |
1826 S Bundy Drive, Los Angeles, CA,90025 | $4,600,000 | 16 | -- | 8,400 | 6103 Sqft |
10786 Missouri Avenue, Los Angeles, CA,90025 | $4,300,000 | -- | -- | 7,658 | 7430 Sqft |
1870 Kelton Avenue #101, Los Angeles, CA,90025 | $1,050,000 | 2 | 2 | 1,665 | 12972 Sqft |
1656 Sawtelle Boulevard, Los Angeles, CA,90025 | $3,995,000 | -- | -- | -- | 7005 Sqft |
1234 S Saltair Avenue, Los Angeles, CA,90025 | $3,655,000 | -- | -- | 6,840 | 6878 Sqft |
1955 1/2 Purdue Avenue, Los Angeles, CA,90025 | $2,675,000 | 3 | 3 | 3,913 | -- |
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ByOwner last updated this listing 05/26/2024 @ 10:31
MLS: SR24044736
LISTED BY: Daniel Andrews, Pinnacle Estate Properties
SOURCE: CRMLS
Buyer Agency Compensation: 0%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.