2680 S Barrington Ave, Los Angeles, CA 90064
2680 S Barrington Ave, Los Angeles, CA 90064
2680 S Barrington Ave, Los Angeles, CA 90064
2680 S Barrington Ave, Los Angeles, CA 90064
2680 S Barrington Ave, Los Angeles, CA 90064
2680 S Barrington Ave, Los Angeles, CA 90064
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$ 4,600,000
Est. payment | /mo

27 Beds

28 Baths

16,588 SqFt


Save
$ 4,600,000
Est. payment | /mo
Save

27 Beds

28 Baths

16,588 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,588 sqft

Price per Sqft $277

MLS Listing ID 26107152

Style Mid-Century

Bedrooms 27

Year Built 1972

Lot Size 0.252 Acres

Acres 0.2525

Property Sub-Type Multi-Family

Property Description

2680 South Barrington Avenue, a 15-unit apartment building in Mar Vista offered for sale for the first time in over 40 years. Built in 1972 and held by the same ownership for more than four decades, the property is fully occupied and has completed its mandatory earthquake soft-story retrofit. At $277 per square foot, it is offered at one of the lowest price points per square foot for comparable buildings in the area. The building has an efficient unit mix of thirteen two-bedroom, two-bath units and two one-bedroom, one-bath units, with 14 parking spaces on a 10,997 SF LAR3 lot. Rents are well below market. Many of the tenancies date back a decade or more, which leaves substantial room to grow income as units turn over and are brought to market. The property is 100% occupied and is offered at a 4.6% current cap rate, with a pro forma cap rate of over 8.0% using conservative market rents at turnover. Few Westside offerings combine generational ownership, full occupancy, and this level of upside.

Location

State CA

County Los Angeles

Area West L.A.

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Flooring Mixed

Equipment Other

Laundry Community

Exterior

Parking Features Attached, Gated Underground

Garage Spaces 14.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Building

Story 2

Sewer In Street

Water Public

Architectural Style Mid-Century

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Coldwell Banker Realty

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2680 S Barrington Ave