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1288 Barry Ave

Los Angeles, CA 90025
  • $4,350,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 21-792398
UPDATED: 29 min ago
$4,350,000
  • 18
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,787
    SQFT
  • $641
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Ratings & Info

Description

4.34% cap and 15.95 GRM! AND in prime West LA!! 1288 Barry represents a great opportunity for an investor to acquire a great 6 Unit property at a great price with immediate cash flow that will produce high returns. This building has been well-cared for and its soft story seismic retrofit is completed! Prime West LA location ONE block from Wilshire and ONE block east of Barrington, with convenient access to major thoroughfares, freeways, transportation, and close to retail and entertainment options from Brentwood, Santa Monica, Sawtelle and Westwood. In addition to its high returns, this great building has a history of very low vacancy due to its proximity to major employment hubs (i.e. Silicon Beach high tech companies) and UCLA, its neighborhood charm and unique 3 and 4-bedroom units which totals 18 Bedrooms and 13 bathrooms. With a walk score of 85 the property is in close proximity to several parks, including Westwood Recreation Center, Stoner Recreation Center and Jackie Robinson Stadium in addition to several nearby restaurants, shopping and entertainment venues.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-05T11:42:47.987. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/122555186
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1288 Barry Ave Los Angeles, CA 90025

  • Price: $4,350,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 29 min ago
  • MLS #: 21-792398
18
Beds
0
Baths
0
½ Baths
0.14
Acres
6,787
SQFT
$641
$/SQFT
1960
Built
Neighborhood:
West L.A.
County:
Los Angeles
Area:
West L.A.
Property Description
4.34% cap and 15.95 GRM! AND in prime West LA!! 1288 Barry represents a great opportunity for an investor to acquire a great 6 Unit property at a great price with immediate cash flow that will produce high returns. This building has been well-cared for and its soft story seismic retrofit is completed! Prime West LA location ONE block from Wilshire and ONE block east of Barrington, with convenient access to major thoroughfares, freeways, transportation, and close to retail and entertainment options from Brentwood, Santa Monica, Sawtelle and Westwood. In addition to its high returns, this great building has a history of very low vacancy due to its proximity to major employment hubs (i.e. Silicon Beach high tech companies) and UCLA, its neighborhood charm and unique 3 and 4-bedroom units which totals 18 Bedrooms and 13 bathrooms. With a walk score of 85 the property is in close proximity to several parks, including Westwood Recreation Center, Stoner Recreation Center and Jackie Robinson Stadium in addition to several nearby restaurants, shopping and entertainment venues.
Exterior Features

Lot Size Area 6286 Other Structures None Parking Garage Carport Total Parking 5

Interior Features

Baths Total 13.00 Cooling Wall Unit(S)Other Equipment Other Heating Central Laundry CommunityLaundry Area Laundry Equipment Lease

Property Features

Assessed Total Value 2459889 Gross Income 272700 Gross Operating Income 268246 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 189007.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 79239 Type Of Units Apartments Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Eric Sackler DRE#01057377 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-05T11:42:47.987. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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