1440 S Barrington Ave | 1440 S Barrington Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1440 S Barrington Ave 1440 S Barrington Ave
7 Unit Block of Flats £2,226,661 (£318,094/Unit) 4.30% Net Initial Yield Los Angeles, CA 90025
Investment Highlights
- Less than 2 miles to UCLA
- Three 1BR+1BA units and Four 2BR+2BA units
- Near Santa Monica
- Community Laundry
Executive Summary
Rare opportunity to own a wonderfully located West Los Angeles 7-unit apartment building. This 7-unit, 5,855 square-foot multifamily building is 100% occupied and consists of three 1BR+1BA units and four 2BR+2BA units. Six of the units have either a large balcony or patio space, and each unit has its own tandem parking space and additional storage space. This multifamily property has been a family-held, well-maintained asset for many decades, and it is ready to be handed to a new owner to enjoy the significant upside of the below-market rents. The building sits on a 7,000 sqft lot, is gated, and has onsite laundry facilities.
Only a short drive from the Santa Monica coast, less than 2 miles from UCLA, and adjacent to the upscale neighborhood of Brentwood in West Los Angeles. The prime location is within walking distance of trendy local restaurants, bars, dessert shops, grocers, craft stores, and various other specialty shops.
Only a short drive from the Santa Monica coast, less than 2 miles from UCLA, and adjacent to the upscale neighborhood of Brentwood in West Los Angeles. The prime location is within walking distance of trendy local restaurants, bars, dessert shops, grocers, craft stores, and various other specialty shops.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,226,661 | Apartment Style | Low Rise |
| Price Per Unit | £318,094 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Net Initial Yield | 4.30% | Building Size | 5,855 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 17.03 | Number of Floors | 2 |
| No. Units | 7 | Year Built/Renovated | 1958/2000 |
| Property Type | Residential | Parking Ratio | 2.39/1,000 SF |
| Property Subtype | Apartment |
| Price | £2,226,661 |
| Price Per Unit | £318,094 |
| Sale Type | Investment |
| Net Initial Yield | 4.30% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 17.03 |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,855 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1958/2000 |
| Parking Ratio | 2.39/1,000 SF |
Unit Amenities
- Balcony
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 4 | £1,815 | - |
| 1+1 | 3 | £1,551 | - |
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 4263-020-013 | Total Assessment | £377,644 |
| Land Assessment | £159,631 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £218,012 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4263-020-013
Land Assessment
£159,631
Improvements Assessment
£218,012
Total Assessment
£377,644
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | R3-1 (High Density Residential) |
| R3-1 (High Density Residential) |
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Premier Homes Team
1440 S Barrington Ave | 1440 S Barrington Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.