1562 Barry Ave
Los Angeles, CA 90025
16.38X GRM / Under $300k Per Unit in West LA · Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Building Size | 6,435 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 2.18/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | R3 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,435 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Breakfast Nook
- Dining Room
About 1562 BARRY AVE , LOS ANGELES, CA 90025
JUST REDUCED! BY FAR BEST PRICED PROPERTY IN WEST LA. 16.38X GRM AND LESS THAN $300K PER UNIT IN PRIME 90025 LOCATION. 5.89% CAP RATE AND 12.16X GRM AT MARKET RENTS! Jonathan Taksa of the Taksa Investment Group of RE/MAX Commercial & Investment Realty, Inc. is pleased to present 1562 Barry Avenue, a rare opportunity to acquire an easy to manage property located in one of the best rental locations in prime West Los Angeles. A short stroll to Santa Monica Blvd., the property can be delivered with 2 out of 12 units vacant, allowing the astute investor to immediately capitalize on setting high market rents. 1562 Barry Avenue is a well maintained, easy to manage property that boasts an ideal unit mix of efficiency, studio, 1 bedroom, and 2 bedroom units. Many units have been remodeled with high end kitchens, bathrooms, flooring, and lighting . Additional features include separate dining areas and wall air conditioning units. There is an on-site laundry room and ample on-site parking consisting of 14 total parking spaces. 1562 Barry Avenue is situated on a large 7,000 square foot lot zoned R3, affording a developer the opportunity to build a new 10 unit luxury development (Buyer to verify), and the unique opportunity to command the highest market rents in one of the best rental locations in all of Los Angeles. Bring all offers
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,238 | 317 - 375 |
| 1+1 | 7 | $1,510 | 603 - 615 |
| 2+2 | 1 | $1,706 | 793 |
Property Taxes
| Parcel Number | 4262-009-010 | Improvements Assessment | $1,234,393 |
| Land Assessment | $2,536,584 | Total Assessment | $3,770,977 |
Property Taxes
