2497 S Barrington Ave - Apartments FOR SALE


Los Angeles, CA 90064- Mar Vista
$3,495,000 USD
805-222-6000
2497 S Barrington Ave, Los Angeles, CA for Sale
$3,495,000 USD
Apartments - FOR SALE
1/5
null | 3.63% Cap Rate

2497 S Barrington Ave
Los Angeles, CA 90064
Mar Vista


HIGHLIGHTS

  • Gated , Controlled Access, 12 parking spots, Street parking
  • Has been Retrofitted per LA County

OVERVIEW

MAJOR PRICE REPOSITIONING Exceptional West Los Angeles 9-Unit Investment Opportunity **Newly repositioned from $3,995,000 to $3,495,000**, creating a compelling opportunity to acquire a meticulously maintained, pride-of-ownership 9-unit apartment building in one of West Los Angeles’ most desirable rental neighborhoods. Ideally situated on Barrington Avenue just south of Pico Boulevard, this well-maintained multifamily asset offers an excellent unit mix consisting of four 2-bedroom/2-bath units, four 2-bedroom/1-bath units and one spacious 1-bedroom/1-bath unit. A standout feature is the property’s **12 gated on-site parking spaces**, an exceptional parking ratio for the area. Many of the units have been tastefully updated with remodeled kitchens, upgraded bathrooms and modern finishes. Two ground-floor units feature laminate flooring while the remaining units are carpeted. Most units include a refrigerator, stove, microwave, dishwasher and blinds. Most also feature central air conditioning, while one original unit presents an opportunity for a future owner to modernize and add additional value. Select units offer private outdoor space including patios or side yards. Additional amenities include controlled gated entry, assigned gated parking and an on-site community laundry facility. The property has been exceptionally maintained and has completed its **soft-story seismic retrofit**, eliminating a significant future capital improvement and providing added peace of mind for ownership. Most units are individually metered for gas and electricity, while two units share utility meters with those costs currently paid by the owner. The location is a major draw. Just moments from the vibrant Sawtelle district, residents enjoy immediate access to one of Los Angeles’ premier dining and entertainment destinations, known for its acclaimed Japanese restaurants, specialty shops and neighborhood atmosphere. UCLA, Santa Monica, Brentwood, Century City and the beach. With **strong in-place income and substantial rental upside**, this property offers investors the opportunity to grow cash flow while owning a quality asset in one of Southern California’s most sought-after multifamily markets. This is an outstanding opportunity for a 1031 exchange buyer, portfolio investor or purchaser seeking a premier West Los Angeles multifamily asset with pride of ownership, excellent parking, rental upside and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$291 USD /SF

# OF UNITS

9

PRICE/UNIT

$388,333

CAP RATE

3.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2495 S barrington

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1944

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

LAR3

APN/PARCEL ID

4257-002-040

ASK ABOUT THIS PROPERTY

Brad RothPinnacle Estate Properties, IncMore Info
805-222-6000

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

Brad RothPinnacle Estate Properties, IncMore Info
805-222-6000

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