1218 South Barrington Avenue
$3,300,000
10
14
9,500
9,500
$347
Sold 9/18/24
Description
We are pleased to offer for sale a rare multifamily investment opportunity at 1218 S Barrington Avenue in the heart of LA's vibrant Westside. Consisting of 13 units encompassing a beautifully landscaped setting, the building boasts an ideal unit mix of large studio, 1-bedroom, and 2-bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. The unit mix includes (1) 2-bed, 2-bath unit, (8) 1-bed, 1-bath units, and (4) studio units. This is...We are pleased to offer for sale a rare multifamily investment opportunity at 1218 S Barrington Avenue in the heart of LA's vibrant Westside. Consisting of 13 units encompassing a beautifully landscaped setting, the building boasts an ideal unit mix of large studio, 1-bedroom, and 2-bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. The unit mix includes (1) 2-bed, 2-bath unit, (8) 1-bed, 1-bath units, and (4) studio units. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking for 23 cars, copper plumbing, controlled access entry, a newer roof, and an on-site laundry facility. All soft story seismic retrofitting has been completed by ownership. A quick walk to the high-end dining and nightlife on Wilshire Blvd, and directly across the street from the prestigious Brentwood community, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.
- Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 1218 South Barrington Avenue
Zoning
LAR3
Parcel Number4263011027
Total Units13.0
Living Area9500
Source Living AreaAssessor
AreaWest Los Angeles (WLA)
Vacancy Rate8702
Lot Size Area10496
LISTING UPDATED: 09/18/2024 12:59 PM
Property Details for 1218 South Barrington Avenue
Status | Sold |
---|---|
MLS # | 24-412819 |
Days on Market | 30 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 0.24 AC / 10,496 SF |
County | Los Angeles County |
Building Information for 1218 South Barrington Avenue
Stories2Residences-Year Built1957Building Size-Lot Size0.24 AC / 10,496 SF
Property Information for 1218 South Barrington Avenue
Property History for 1218 South Barrington Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1218 South Barrington Avenue
Taxable ValueLand$202,125Additions$243,067Total$445,192
Tax Record2024$7,117 ($593 / month)
Home Facts
Total Finished SqFt9,500 SqFtAbove Grade Finished SqFt9,500 SqFtLot Size10,493 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR3CountyLOS ANGELESAPN4263-011-027
Schools near 1218 South Barrington Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Brockton Avenue Elementary School PublicK to 5 | ||
Emerson Community Charter School Charter6 to 8 | ||
University Senior High School Charter Charter9 to 12 | ||
Citizens of the World Charter School Mar Vista CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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