6,351 Sqft Lot
6,351 Sqft Lot
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26132528
HOA Y/N No
Year Built 1969
Lot Size 6,351 Sqft
Property Sub-Type Mixed Use
Property Description
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.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Interior
Heating Radiant
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 3.0
Garage Description 3.0
Fence Block
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Available
Roof Type Flat
Total Parking Spaces 3
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4262011013
Energy Description 1063.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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