1218 S Barrington Avenue Los Angeles, CA $ 4,100,000
1218 S Barrington Avenue
$ 4,100,000
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1218 S Barrington Avenue

Los Angeles, CA, 90025
$ 4,100,000
Bedrooms10 Baths4.0 Sq 9,500

Monthly Estimate*

$ 28,640

Listed by Pinnacle Estate Properties
1218 S Barrington Avenue, Los Angeles, CA 90025 - Image 1
1218 S Barrington Avenue, Los Angeles, CA 90025 - Image 2
1218 S Barrington Avenue, Los Angeles, CA 90025 - Image 3
1218 S Barrington Avenue, Los Angeles, CA 90025 - Image 4
1218 S Barrington Avenue, Los Angeles, CA 90025 - Image 5
1218 S Barrington Avenue, Los Angeles, CA 90025 - Image 6
1218 S Barrington Avenue, Los Angeles, CA 90025 - Image 7
1218 S Barrington Avenue, Los Angeles, CA 90025 - Image 8

Multi-Family Home for sale in Los Angeles, CA

for $4,100,000 with 10 bedrooms and 4 full baths. This 9,500 square foot home was built in 1957 on a lot size of 0.241.

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.

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Multi-Family Active

Price

$ 4,100,000

Bedrooms

10

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

MixedUse

Lot Size

0.241

Year Built

1957

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR24044736

Days on Market

55

Features
General
Sewer PublicSewer
Zoning LAR3
Garage Spaces 0.0
Pool Features None
Year Built 1957
Stories 2
Levels Two
Property SubType MixedUse
Gross Income 281583.0
Community Features Curbs Gutters
County Los Angeles
Net Operating Income 159000.0
Operating Expense 114171.0
Insurance Expense 7600.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions N/A
City Los Angeles
Entry Location Front and Rear
View Y/N N
Senior Community Y/N N
Total Units 13
MLS Area WLA - West Los Angeles
Lot Size Square Feet 10496.0
Private Pool N
Waterfront Y/N N
Carport Spaces 15.0
Carport Y/N Y
Street Name Barrington
Listing Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 6426.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 6138.0
Water Sewer Expense 6426.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 11
Property Sub Type Additional MixedUse
Cap Rate 3.85
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Exterior
Parking Features Assigned
Lot Features Item01UnitAcre NearPublicTransit
Water Source Public
Total Parking 15.0
Lot Size Area 10496.0
Number of Buildings 1
Spa N
Building Area Total 9500.0
Lot Size Acres 0.241
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 13
Number of Separate Gas Meters 13
Number of Separate Electric Meters 13
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 1218
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* Excluded Features
List By
Pinnacle Estate Properties

Broker

(818) 993-7370

Phone

Affordability Calculator

$28,640
Per Month
100%
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0%
Monthly Principal & Interest
$28,640
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/5/2024$4,100,000 Listed Price

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1218 S Barrington Avenue, Los Angeles, CA, 90025 is a Multi-Family Home for sale at $4,100,000 with 9,500 sqft and a lot size of 0.241. 1218 S Barrington Avenue has 10 bedrooms, 4.0 baths, and was built in 1957. The property's zip code is 90025 which is in Los Angeles, CA