1440 S Barrington Ave
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1440 S Barrington Ave
7 Unit Block of Flats £2,226,199 (£318,028/Unit) 4.30% Net Initial Yield Los Angeles, CA 90025
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.
Property Facts
| Price | £2,226,199 | Apartment Style | Low Rise |
| Price Per Unit | £318,028 | 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 | 1958 |
| Property Type | Residential | Parking Ratio | 2.39/1,000 SF |
| Property Subtype | Apartment |
| Price | £2,226,199 |
| Price Per Unit | £318,028 |
| 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 | 1958 |
| Parking Ratio | 2.39/1,000 SF |
Unit Amenities
- Balcony
- Patio
Site Amenities
- Laundry Facilities
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 4263-020-013 | Improvements Assessment | £217,967 |
| Land Assessment | £159,598 | Total Assessment | £377,565 |
PROPERTY TAXES
Parcel Number
4263-020-013
Land Assessment
£159,598
Improvements Assessment
£217,967
Total Assessment
£377,565
zoning
| Zoning Code | R3-1 (High Density Residential) |
| R3-1 (High Density Residential) |
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1440 S Barrington Ave
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