2467 Barry Avenue

Los Angeles, CA 90064

$2,495,000
Price
9
Beds
6
Baths
4,224 Sq. Ft.
$591 / Sq. Ft.
4,224
Sq. Ft.
$591
per Sq. Ft.

Description

Major price reduction! 2 VACANT UNITS - ALL NUMBERS BASED ON PRO-FORMA (PROJECTED) RATES: Introducing an incredible investment opportunity! Welcome to this meticulously maintained 3-unit apartment building, located in the vibrant and thriving West LA neighborhood, just adjacent to Santa Monica. Fully renovated in 2016, this property offers an outstanding opportunity for investors or owner-occupants looking to capitalize on a prime location. The building spans 4,224 sqft and sits on a 5,403 sqft lot....Major price reduction! 2 VACANT UNITS - ALL NUMBERS BASED ON PRO-FORMA (PROJECTED) RATES: Introducing an incredible investment opportunity! Welcome to this meticulously maintained 3-unit apartment building, located in the vibrant and thriving West LA neighborhood, just adjacent to Santa Monica. Fully renovated in 2016, this property offers an outstanding opportunity for investors or owner-occupants looking to capitalize on a prime location. The building spans 4,224 sqft and sits on a 5,403 sqft lot. Each of the three units features 3 bedrooms, 2 bathrooms and is in excellent condition. Modern amenities include stainless steel appliances, tankless water heaters, central air conditioning and heating, and in-unit laundry for added convenience. Additionally, the property boasts a 3-car garage and a large storage space, further enhancing its appeal and functionality. The front unit has been recently upgraded with brand-new flooring, fresh paint and is being delivered vacant, making it an ideal choice for immediate move-in or rental. Similarly, the back unit is also vacant and available for new tenants or as a personal residence, offering further flexibility. The middle unit, the smallest of the three, is currently occupied and generates a rental income of $4,200 per month. Residents will enjoy a wide range of dining options, diverse shops, numerous entertainment opportunities and access to excellent schools. With its combination of modern updates, prime location, ample parking, additional storage space, and in-unit laundry, this property represents a rare investment opportunity for those looking to expand their real estate portfolio or find a new place to call home while generating rental income. Don't miss out on this incredible opportunity. Contact us today for more details and to schedule a viewing!
  1. Listed by Preston Ukra • DRE #02033481 • Brokerage DRE #01342342 • Equity Union
  2. Listed by Salih Ukra • DRE #02235275 • Brokerage DRE #01342342 • Equity Union

Property Details for 2467 Barry Avenue

Water Front
None
Zoning
LARD1.5
Style
Traditional
Parcel Number
4260032021
Total Units
3.0
Living Area
4224
Source Living Area
Assessor
Area
West Los Angeles (WLA)
LISTING UPDATED: 10/23/2024 11:17 AM

Property Details for 2467 Barry Avenue

StatusActive
MLS #24-439451
Days on Market87
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.12 AC / 5,403 SF
CountyLos Angeles County

Building Information for 2467 Barry Avenue

Stories2Residences-Year Built1942Building Size-Lot Size0.12 AC / 5,403 SF

Property Information for 2467 Barry Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multi-Family
  • View: No
  • View Description: None
  • View: None
  • Entry Floor Number: 1
  • Security Features: Gated, Smoke Detector, Carbon Monoxide Detector(s)
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Probate: No
  • Disclosures: LA/Owner Related
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $169,200
  • Net Operating Income: $114,240.00
  • Gross Income: $169,200
  • Cap Rate: 4.58%
  • Gross Rent Multiplier: $14.74
  • Total Annual Expense: 54960
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.124
  • Lot Size Square Feet: 5403
  • Lot Features: Front Yard, Landscaped, Rectangular Lot
  • Lot Description: Front Yard, Fenced, Landscaped, Street Paved, Street Lighting, Lot Shape-Rectangular, Lot-Level/Flat, Sidewalks
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Garage - 3 Car, Garage Is Detached, Above Street Level, Covered Parking, Detached, Door Opener, On street
  • Total Parking: 3
  • Covered Parking: 3
  • Garage Spaces Total: 3
  • Parking Features: Garage - Three Door, Driveway Down Slope From Street, Covered, Garage Door Opener, Street
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood, Vinyl Plank, Tile
  • Equipment: Freezer, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Washer, Water Line to Refrigerator
  • Interior Features: Built-Ins, Common Walls, Crown Moldings, Drywall Walls, Laundry - Closet Stacked, Open Floor Plan, Pre-wired for high speed Data, Recessed Lighting, Storage Space, Turnkey
  • Room Kitchen Features: Remodeled Kitchen, Kitchen Open to Family Room, Kitchen Island
  • Kitchen Features: Quartz Counters, Remodeled, Open to Family Room, Island
  • Bathroom Features: Shower Over Tub
  • Bedroom Features: Primary Bedroom, WalkInCloset, Multi-Level Bedroom, Main Floor Bedroom
  • Common Walls: Attached
  • Cooking Appliances: Oven-Gas, Microwave
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Exterior Features: Rain Gutters
  • Roof: Shingle
  • Door Features: Double Door Entry
  • Windows: Double Pane Windows, Screens
  • New Construction: No
  • Foundation Details: Raised
  • Other Structural Features: End Unit, Double Door Entry, Energy Efficient, Full Copper Plumbing, Rain Gutters
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-26-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,100.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $4,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,600.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 0
  • Number of Dishwasher: 3
  • Number of Disposal: 3
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Leased: 1
  • Number Range: 3
  • Number Refrigerator: 3
  • Number Wall AC: 0
  • Number Water Meters: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,115,518.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $1,673,278.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $2,788,796.00

Property History for 2467 Barry Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2467 Barry Avenue

Taxable ValueLand$1,706,743Additions$1,137,828Total$2,844,571
Tax Record2024$34,684 ($2,890 / month)
Home Facts
Total Finished SqFt4,224 SqFtAbove Grade Finished SqFt4,224 SqFtLot Size5,401 SqFtStyleTriplexYear Built1942ZoningLARD1.5CountyLOS ANGELESAPN4260-032-021

Schools near 2467 Barry Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Nora Sterry Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

University Senior High School Charter
Charter9 to 12

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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2467 Barry Avenue is a multi-family home for sale in Los Angeles, CA 90064. This property was listed for sale on September 26, 2024 by Equity Union, it's currently listed at $2,495,000. It has been on the market for a total of 87 days and was last sold on August 1, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Nora Sterry Elementary School, Daniel Webster Middle School and University Senior High School Charter. 2467 Barry Avenue is a 9-bed, 6-bath, 4,224 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Preston Ukra, DRE #02033481; Equity Union, Salih Ukra, DRE #02235275

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.