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1421 & 1427 Barry Avenue 2 Multifamily Properties Offered at $9,250,000 in Los Angeles, CA
Investment Highlights
- Two adjacent buildings totaling 18 units and 56 beds, fully renovated in 2022 into turnkey co-living suites.
- Master lease with Kaplan International through July 2027 for 35 beds, providing stable income; remaining beds marketed for rent.
- Walk Score of 90 with easy access to Metro E Line, major bus routes, and retail along Wilshire and Santa Monica Boulevards.
- Modern finishes and amenities including en-suite bathrooms, stainless steel appliances, smart locks, in-unit laundry, and select private balconies.
- Prime West LA location less than three miles from UCLA and near major employment hubs like Brentwood, Century City, and Santa Monica.
- 18 parking spaces with potential for additional income.
Executive Summary
1421 & 1427 Barry Avenue present a rare opportunity to acquire two adjacent, fully renovated multifamily buildings in the heart of West Los Angeles, ideally positioned for student housing. Located between Wilshire Boulevard and Santa Monica Boulevard, the properties offer immediate access to major employment hubs, UCLA, and a wide range of retail and dining amenities. This turnkey investment consists of 18 units and 56 beds, originally traditional apartments that were converted in 2022 into fully furnished co-living suites with modern finishes and high-end amenities.
Each unit features en-suite bathrooms, European-style cabinetry, stainless steel appliances, vinyl plank flooring, smart locks, individual HVAC controls, and in-unit washers and dryers. Select units include private balconies. The property is currently master-leased to Kaplan International, a global education provider, through July 31, 2027, for 35 beds, generating stable in-place income of approximately $82,353 per month. The remaining beds are actively marketed for rent, providing additional upside.
Situated less than three miles from UCLA and within walking distance of the West Los Angeles VA Medical Center, the property boasts a Walk Score of 90 and excellent transit access, including proximity to the Metro E (Expo) Line. With strong demographics, a median home value of $650,000, and limited supply of student housing in the area, this offering represents a compelling opportunity to secure a high-demand, income-producing asset in one of Los Angeles’ most desirable rental markets.
Each unit features en-suite bathrooms, European-style cabinetry, stainless steel appliances, vinyl plank flooring, smart locks, individual HVAC controls, and in-unit washers and dryers. Select units include private balconies. The property is currently master-leased to Kaplan International, a global education provider, through July 31, 2027, for 35 beds, generating stable in-place income of approximately $82,353 per month. The remaining beds are actively marketed for rent, providing additional upside.
Situated less than three miles from UCLA and within walking distance of the West Los Angeles VA Medical Center, the property boasts a Walk Score of 90 and excellent transit access, including proximity to the Metro E (Expo) Line. With strong demographics, a median home value of $650,000, and limited supply of student housing in the area, this offering represents a compelling opportunity to secure a high-demand, income-producing asset in one of Los Angeles’ most desirable rental markets.
Property Facts
| Price | $9,250,000 | Status | Active |
| Price / SF | $619.81 / SF | Number of Properties | 2 |
| Sale Condition | REO Sale | Individually For Sale | 0 |
| Cap Rate | 9.19% | Total Building Size | 14,924 SF |
| Sale Type | Investment | Total Land Area | 0.32 AC |
| Price | $9,250,000 |
| Price / SF | $619.81 / SF |
| Sale Condition | REO Sale |
| Cap Rate | 9.19% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 14,924 SF |
| Total Land Area | 0.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Olive at Barry
1427 Barry Ave, Los Angeles, CA 90025 |
Multifamily | 7,880 SF | 1968 | - |
|
Willow Co-Living
1421 Barry Ave, Los Angeles, CA 90025 |
Multifamily | 7,044 SF | 1961 | - |
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Neema Ahadian -
Jeffrey Estrada -
Spencer Kirsch -
Oliver Harris -
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1421 & 1427 Barry Avenue
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