$3,995,000 Price Analysis   ♡   Los Angeles, CA 90025 10 bed 14 bath 9,500 SqFt ($420/SqFt) 0.24 acre lot. Built 1957 Listed 2024-07-09, Taxes $6,757 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to offer for sale a rare multifamily investment opportunity at 1218 S Barrington Avenue in the heart of LA's vibrant Westside.
Consisting of 13 units encompassing a beautifully landscaped setting, the building boasts an ideal unit mix of large studio, 1-bedroom and 2-bedroom units. Each of these units is spacious, has a terrific floor plan and offers an abundance of natural light. The unit mix includes (1) 2-bed, 2-bath unit, (8) 1-bed, 1-bath units and (4) studio units. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.
Additional proprty features include on-site parking for 23 cars, copper plumbing, controlled access entry, a newer roof and an on-site laundry facility. All soft story seismic retrofitting has been completed by ownership. A quick walk to the high-end dining and nightlife on Wilshire Blvd and directly across the street from the prestigious Brentwood community, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.
Presented by Jonathan Taksa at
RE MAX Commercial & Investment Realty.
Property MLS #24-412819 from TheMLSCLAW
Full Bathrooms: 14
Heating Features: Wall
Lot Size Source: Assessor
Lot Size Square Feet: 10496
Parking Total: 23
Calculated Total Monthly Association Fees: 0
Number of Units: 13
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 2895, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 19160, 3 BathsTotal: 1, 3 SquareFeet: 7580
County: Los Angeles
Cap Rate: 4.58
Directions: Just South of Wilshire Blvd. on Barrington Avenue. Across the street from Brentwood
Source Property Type: Residential Income
Area: West L.A.
Source Neighborhood: West L.A.
Parcel Number: 4263-011-027
Postal Code Plus 4: 1654
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $233,322 + $194,277 $427,599 | $6,757 |
| 2021 | $228,748 + $190,468 $419,216 | $6,625 |
| 2020 | $226,403 + $188,515 $414,918 | $6,668 |
| 2019 | $221,964 + $184,819 $406,783 | $6,467 |
| 2018 | $217,612 + $181,196 $398,808 | $6,286 |
| 2017 | $213,346 + $177,644 $390,990 | $6,135 |
| 2016 | $209,163 + $174,161 $383,324 | $5,897 |
| 2015 | $206,022 + $171,545 $377,567 | $5,829 |
| 2014 | $201,987 + $168,185 $370,172 | $5,940 |
| 2013 | $201,075 + $167,425 $368,500 | $5,934 |
| 2012 | $197,133 + $164,143 $361,276 | $6,006 |
| 2010 | $193,268 + $160,925 $354,193 | $5,948 |
| 2009 | $192,280 + $160,103 $352,383 | $5,753 |
| 2009 | $191,824 + $159,723 $351,547 | $5,753 |
| 2008 | $188,510 + $156,964 $345,474 | $5,564 |
| 2007 | $184,814 + $153,887 $338,701 | $5,368 |
$3,995,000
TheMLSCLAW
Listing removed 2024-06-03
$0
CRMLS
Listed 2024-03-05
$4,100,000
CRMLS
Listing removed 2014-05-10
$1,545
RadPad
Listing removed 2014-05-09
$1,545
WestsideRentals
Listed for rent 2014-05-04
$1,545
RadPad
Listed for rent 2014-04-03
$1,545
WestsideRentals
Year Built: 1957
Levels: Multi Levels
Living Area Source: Assessor
Property Age: 67
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.