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Investment Highlights
- Prime West LA Location
- Ideal ED1 Development
- TOC Tier 3 Benefits
- Existing 5-Unit Structure Totaling 1,980 SF - Four (4) Studios and One (1) One-Bedroom Unit
- Seller has Designs for 100% Affordable Housing with 23 Units (Possibility to be Reconfigured to 30 Units via ED1)
- 6,492 SF Lot Zoned LAR1.5
Executive Summary
Marcus and Millichap is pleased to present a 6,492 SF lot development site located at 1851 S Barrington Avenue in Los Angeles, California. The single lot is located in a prime West LA location, south of Santa Monica Boulevard and west of Sawtelle Boulevard.
Located in the heart of West Los Angeles, this prime offering features a 6,492 SF LARD1.5-zoned lot with an existing 5-unit bungalow-style property comprised of four (4) studios and one (1) one-bedroom unit. The site presents an ideal ED1 redevelopment opportunity, with seller-provided designs for 23 units (potential to be reconfigured to 30 units) of 100% affordable housing. The property offers dominant access to Santa Monica, Olympic, and Sawtelle Boulevards, with immediate connectivity to the 405 and 10 freeways. Nearby amenities include Stoner Park, the Expo/Bundy Metro E Line station, and the vibrant Sawtelle Japantown corridor, along with major retailers, fitness, dining, and entertainment options.
Overall, the property represents a compelling redevelopment opportunity with the possibility to reconfigure designs to build up to 30 units via ED1 in a prime West Los Angeles location, all while generating existing income as entitlements are being finalized.
Located in the heart of West Los Angeles, this prime offering features a 6,492 SF LARD1.5-zoned lot with an existing 5-unit bungalow-style property comprised of four (4) studios and one (1) one-bedroom unit. The site presents an ideal ED1 redevelopment opportunity, with seller-provided designs for 23 units (potential to be reconfigured to 30 units) of 100% affordable housing. The property offers dominant access to Santa Monica, Olympic, and Sawtelle Boulevards, with immediate connectivity to the 405 and 10 freeways. Nearby amenities include Stoner Park, the Expo/Bundy Metro E Line station, and the vibrant Sawtelle Japantown corridor, along with major retailers, fitness, dining, and entertainment options.
Overall, the property represents a compelling redevelopment opportunity with the possibility to reconfigure designs to build up to 30 units via ED1 in a prime West Los Angeles location, all while generating existing income as entitlements are being finalized.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $1,800,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.15 AC |
| Zoning | LARD1.5 - Residential | ||
| Price | $1,800,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.15 AC |
| Zoning | LARD1.5 - Residential |
1 Lot Available
Lot
| Price | $1,800,000 | Lot Size | 0.15 AC |
| Price Per AC | $12,081,347.74 |
| Price | $1,800,000 |
| Price Per AC | $12,081,347.74 |
| Lot Size | 0.15 AC |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 4262-022-012 | Improvements Assessment | $541,216 |
| Land Assessment | $1,136,553 | Total Assessment | $1,677,769 |
Property Taxes
Parcel Number
4262-022-012
Land Assessment
$1,136,553
Improvements Assessment
$541,216
Total Assessment
$1,677,769
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1851 S Barrington Ave
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