1626 S Barrington Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$2,950,000 USD
310-415-5504
1626 S Barrington Ave, Los Angeles, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/1
null | 5.08% Cap Rate

1626 S Barrington Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Convenient West side location
  • Value-Add opportunity

OVERVIEW

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 convenient access to the I-405 Freeway, major surface streets, and public transportation, including the Metro E Line, the property is ideally positioned to attract a diverse tenant base seeking connectivity to the Westside's premier employment, educational, cultural, and recreational destinations. These highly desirable location attributes continue to support strong occupancy levels and long-term rental demand. 1626 S. Barrington Avenue represents a rare opportunity to acquire a stable, well-maintained Westside multifamily asset with immediate cash flow, long-term appreciation potential, and significant future income growth in one of Los Angeles' most resilient rental markets.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$373 USD /SF

# OF UNITS

11

PRICE/UNIT

$268,182

CAP RATE

5.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1626 Barrington

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,360 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

4262-011-013

ASK ABOUT THIS PROPERTY

Gary LichtigMaxam PropertiesMore Info
310-415-5504

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Gary LichtigMaxam PropertiesMore Info
310-415-5504

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.