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$4,100,000
3 bed
4 bath
0 Sqft
10,496 Sqft lot

1218 S Barrington Avenue, Los Angeles, California 90025

  • Residential Income Property Type
  • 55 Days Time on market
  • 1957 Year Built
Property Description

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.

Basic Details
Residential Income
Buy
SR24044736
$4,100,000
3
4
0 Sqft
1957
10,496 Sqft
Active
Mixed Use
Condos/Co-ops
Features
: Curbs, Gutters
15
$0
: Public Sewer
Address
CA
Los Angeles
Los Angeles
90025
1218 S Barrington Avenue
1218
Avenue
0
W119° 32' 23.4''
N34° 2' 56.4''
S
Additional Information
55
1
2
2
: Two
: Common Area
0
9,500 Sqft
1
0 Sqft
0 Sqft
0.24 Sqft
10,496 Sqft
1
: 2+ Common Walls
0 Sqft
LAR3
4263011027
$0
$0
$0
$0
$11,215
$6,426
0 Sqft
1
0 Sqft
$0
1
05/03/2024 00:25:19
$0
: Standard
Cash,CashtoNewLoan,1031 Exchange
N/A
Destrahan
Harry Hurst
Pinnacle Estate Properties
Daniel Andrews
F2435001
SR207064588
$0
3.85
15
0
1
: Near Public Transit, Item01unitacre
1
1
: Square Feet
1
yes
1
13
13
13
13
54
11
281583
US-06037-N-4263011027-R-N
MixedUse
05/03/2024 13:13:42
Barrington
WLA - West Los Angeles
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