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Listed by Jill Fischer-Politz, DRE #00907458 • The One Luxury Properties
$ 2,950,000
Est. payment | /mo
6,352 Sqft Lot
$ 2,950,000
Est. payment | /mo
6,352 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26132528
Year Built 1969
Lot Size 6,352 Sqft
Source California Regional MLS
Property Description
We are pleased to present 1626 S. Barrington Avenue, an exceptional 11-unit apartment building situated in one of West Los Angeles' most desirable and sought-after rental neighborhoods. This professionally managed asset reflects long-term ownership and pride of stewardship, making it an ideal addition to any multifamily investment portfolio. Constructed in 1969, the property features a well-balanced unit mix consisting of six one-bedroom units, three studio units, one two-bedroom unit, and a spacious townhouse-style front unit offering three bedrooms, three bathrooms, and in-unit laundry. This diverse configuration appeals to a broad tenant base and provides for minimal vacancy. The majority of the building is separately metered and designed for efficient management. Amenities include a dedicated on-site laundry room, bike storage, and gated parking for most units, including some enclosed garages. Current Soft-story and Balcony requirements have been met. Current rents remain below market, creating a compelling value-add opportunity through natural turnover and strategic interior improvements. At the current income level, the property offers an attractive 5% capitalization rate, with substantial upside potential through rent growth and enhanced operations. Offering convenien
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Interior
Heating Radiant
Cooling Window / Wall Unit
Laundry Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 3.0
Pool None
Roof Type Flat / Low Pitch
Building
Water District - Public
Others
Tax ID 4262011013
Special Listing Condition Not Applicable
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