1334 Barry Ave
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1334 Barry Ave
8 Unit Block of Flats £4,029,618 (£503,702/Unit) 4.18% Net Initial Yield Los Angeles, CA 90025
Investment Highlights
- 6 of the 8 units meticulously renovated in 2022/2023
- Excellent unit mix; four 1-bed/1-bath units and four 2-bed/2-bath units
- Additional upside remains with two units left to be upgraded
- Property exterior and plumbing & electrical also upgraded
- Property features controlled access, parking, storage, in-unit washer/dryer, and well-designed units
- Property offers great curb appeal, sitting elevated off the street at the corner of Barry and Rochester
Executive Summary
Barry Ave is well maintained and in excellent condition. Six of the eight units were completely renovated in 2022/2023 and feature entirely new interiors. Importantly, the plumbing and electrical systems and cable/internet infrastructure were all upgraded as well. The property’s landscaping was also redone to highlight the natural light of the elevated, corner lot.
With two units remaining to upgrade, 1334 Barry offers a proven renovation scope and leasing history for investors to follow and capture the remaining rental income upside.
With two units remaining to upgrade, 1334 Barry offers a proven renovation scope and leasing history for investors to follow and capture the remaining rental income upside.
Property Facts
| Price | £4,029,618 | Apartment Style | Low Rise |
| Price Per Unit | £503,702 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Net Initial Yield | 4.18% | Building Size | 7,212 SF |
| Gross Rent Multiplier | 15.92 | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1962/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Price | £4,029,618 |
| Price Per Unit | £503,702 |
| Sale Type | Investment |
| Net Initial Yield | 4.18% |
| Gross Rent Multiplier | 15.92 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,212 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1962/2023 |
| Parking Ratio | 1.25/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 700 |
| 2+2 | 4 | - | 1,100 |
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Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 4263-014-034 | Improvements Assessment | £976,873 |
| Land Assessment | £2,279,371 | Total Assessment | £3,256,244 |
PROPERTY TAXES
Parcel Number
4263-014-034
Land Assessment
£2,279,371
Improvements Assessment
£976,873
Total Assessment
£3,256,244
zoning
| Zoning Code | LAR3 |
| LAR3 |
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Matt Levis -
Jack Levis -
Kidder Mathews
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1334 Barry Ave
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