REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,600,000
Est. payment | /mo
27 Beds
28 Baths
16,588 SqFt
$ 4,600,000
Est. payment | /mo
27 Beds
28 Baths
16,588 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 16,588 sqft
Price per Sqft $277
MLS Listing ID 26107152
Bedrooms 27
HOA Y/N No
Year Built 1972
Lot Size 0.252 Acres
Property Description
2680 South Barrington Avenue, a 15-unit apartment building in Mar Vista offered for sale for the first time in over 40 years. Built in 1972 and held by the same ownership for more than four decades, the property is fully occupied and has completed its mandatory earthquake soft-story retrofit. At $277 per square foot, it is offered at one of the lowest price points per square foot for comparable buildings in the area. The building has an efficient unit mix of thirteen two-bedroom, two-bath units and two one-bedroom, one-bath units, with 14 parking spaces on a 10,997 SF LAR3 lot. Rents are well below market. Many of the tenancies date back a decade or more, which leaves substantial room to grow income as units turn over and are brought to market. The property is 100% occupied and is offered at a 4.6% current cap rate, with a pro forma cap rate of over 8.0% using conservative market rents at turnover. Few Westside offerings combine generational ownership, full occupancy, and this level of upside.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
View Y/N Yes
View City Lights
Total Parking Spaces 14
Private Pool No
Building
Story 2
Entry Level Two
Sewer Other
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4258007029
Special Listing Condition Standard
Listed by Eric Sackler Coldwell Banker Realty #01057377
Nearby Locations
GET MORE INFORMATION
Monique H. Ott-Beacham
Broker License ID: DRE #01448692
Broker License ID: DRE #01448692