Property Detail

Description

We are pleased to present 1626 S. Barrington Avenue, an exceptional 11-unit apartment building situated in one of West Los Angeles' most desirable and sought-after rental neighborhoods. This professionally managed asset reflects long-term ownership and pride of stewardship, making it an ideal addition to any multifamily investment portfolio. Constructed in 1969, the property features a well-balanced unit mix consisting of six one-bedroom units, three studio units, one two-bedroom unit, and a spacious townhouse-style front unit offering three bedrooms, three bathrooms, and in-unit laundry. This diverse configuration appeals to a broad tenant base and provides for minimal vacancy. The majority of the building is separately metered and designed for efficient management. Amenities include a dedicated on-site laundry room, bike storage, and gated parking for most units, including some enclosed garages. Current Soft-story and Balcony requirements have been met. Current rents remain below market, creating a compelling value-add opportunity through natural turnover and strategic interior improvements. At the current income level, the property offers an attractive 5% capitalization rate, with substantial upside potential through rent growth and enhanced operations. Offering convenient access to the I-405 Freeway, major surface streets, and public transportation, including the Metro E Line, the property is ideally positioned to attract a diverse tenant base seeking connectivity to the Westside's premier employment, educational, cultural, and recreational destinations. These highly desirable location attributes continue to support strong occupancy levels and long-term rental demand. 1626 S. Barrington Avenue represents a rare opportunity to acquire a stable, well-maintained Westside multifamily asset with immediate cash flow, long-term appreciation potential, and significant future income growth in one of Los Angeles' most resilient rental markets.