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968 S Barrington Avenue

Los Angeles (City), CA 90049
  • $3,450,000
  • STATUS: Active
  • ON SITE: 200 Days
  • ID#: 22218511
$3,450,000
  • 10
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,739
    SQFT
  • $512
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): Jonathan Taksa of Remax Commercial And Investment Realty (213-817-1000)


Description

HUGE PRICE REDUCTION! ONLY $431,250 PER UNIT! 968 S. Barrington Avenue is a rare investment opportunity to acquire an asset in the heart of LA's famed community of Brentwood. Consisting of 8 units set amongst lushly landscaped grounds, the building boasts an ideal unit mix consisting of spacious 1 bedroom & 2 bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. Current ownership has invested significant capital into the property and many of the units have been remodeled. The unit mix includes (2) 2-bed, 1.5-bath units and (6) 1-bed, 1-bath units. This is a great turnkey asset in a a premier location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking, copper plumbing, 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 of San Vicente Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire an easy to manage asset in one of the best locations of the Westside.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-04T00:27:58.6. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/134806029
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968 S Barrington Avenue Los Angeles (City), CA 90049

  • Price: $3,450,000
  • Status: Active
  • On Site: 200 Days
  • ID#: 22218511
10
Beds
0
Baths
0
½ Baths
0.11
Acres
6,739
SQFT
$512
$/SQFT
1961
Built
Neighborhood:
C06 - Brentwood
County:
Los Angeles
Area:
C06 - Brentwood
Property Description
HUGE PRICE REDUCTION! ONLY $431,250 PER UNIT! 968 S. Barrington Avenue is a rare investment opportunity to acquire an asset in the heart of LA's famed community of Brentwood. Consisting of 8 units set amongst lushly landscaped grounds, the building boasts an ideal unit mix consisting of spacious 1 bedroom & 2 bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. Current ownership has invested significant capital into the property and many of the units have been remodeled. The unit mix includes (2) 2-bed, 1.5-bath units and (6) 1-bed, 1-bath units. This is a great turnkey asset in a a premier location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking, copper plumbing, 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 of San Vicente Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire an easy to manage asset in one of the best locations of the Westside.
Exterior Features

Attached Garage YN Yes Carport YN Yes Parking Features Attached CarportAssigned Parking Total 8

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Gross Income 173448 Laundry Features Common Area Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 98615 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-04T00:27:58.6. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Jonathan Taksa of Remax Commercial And Investment Realty (213-817-1000)