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24u in Prime Mar Vista | Value Add 3144-3152 S Barrington Ave 24 Unit Apartment Building $7,995,000 ($333,125/Unit) Los Angeles, CA 90066
Investment Highlights
- OPEN HOUSE: THURSDAY, FEBRUARY 19 - 11 AM TO 2 PM
- Value-add investment opportunity with approximately 20% upside in rent
- Charming 1950s construction
- 24 units in West Los Angeles’ highly desirable submarket of Mar Vista
- 4.9% cap rate on in-place rents; 6.2% cap rate at market
- Walk to A-rated Mar Vista Elementary, The Hive, Lazy Daisy Café, Chipotle, Robek’s, YAMA Sushi Marketplace, and Lazy Acres Natural Market (Fall 2026)
Executive Summary
OPEN HOUSE: THURSDAY, FEBRUARY 19 - 11:00 TO 2:00 PM
PROPERTY WEBSITE with OM: https://properties.berkadia.com/3144-3152-south-barrington-avenue-488012/
Berkadia is excited to exclusively offer for sale, 3144 & 3152 S. Barrington Avenue, a charming 24-unit apartment community in West LA’s prime Mar Vista neighborhood. The courtyard-style community features bright and airy units with charming details, hardwood floors, built-ins and ample closet space. The community is centered around a sparkling swimming pool and offers gated access, on-site laundry facilities, and 20 garage parking spaces. Built in 1953, this value-add investment opportunity offers approximately 20% in rental upside, with a 4.9% cap rate on the current rent roll and a 6.2% cap rate at market.
The property is walking distance to A-rated Mar Vista Elementary School, The Hive, Lazy Daisy Café, Chipotle, Robek’s, Yama Sushi Marketplace and the Future Lazy Acres Natural Market (Coming Fall 2026). The Grandview/Venice Hub with Numerous Restaurants, Cafes, and Local Retailers is within minutes. The location offers easy access to the 10 Freeway, and 6 Minutes to the Expo Line (Expo/Bundy station).
PROPERTY WEBSITE with OM: https://properties.berkadia.com/3144-3152-south-barrington-avenue-488012/
Berkadia is excited to exclusively offer for sale, 3144 & 3152 S. Barrington Avenue, a charming 24-unit apartment community in West LA’s prime Mar Vista neighborhood. The courtyard-style community features bright and airy units with charming details, hardwood floors, built-ins and ample closet space. The community is centered around a sparkling swimming pool and offers gated access, on-site laundry facilities, and 20 garage parking spaces. Built in 1953, this value-add investment opportunity offers approximately 20% in rental upside, with a 4.9% cap rate on the current rent roll and a 6.2% cap rate at market.
The property is walking distance to A-rated Mar Vista Elementary School, The Hive, Lazy Daisy Café, Chipotle, Robek’s, Yama Sushi Marketplace and the Future Lazy Acres Natural Market (Coming Fall 2026). The Grandview/Venice Hub with Numerous Restaurants, Cafes, and Local Retailers is within minutes. The location offers easy access to the 10 Freeway, and 6 Minutes to the Expo Line (Expo/Bundy station).
Property Facts
| Price | $7,995,000 | Building Class | C |
| Price Per Unit | $333,125 | Lot Size | 0.61 AC |
| Sale Type | Investment | Building Size | 19,868 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Los Angeles | ||
| Price | $7,995,000 |
| Price Per Unit | $333,125 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 19,868 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Controlled Access
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 600 |
| 2+1 | 10 | - | 1,000 |
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Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 4250-009-020 | Improvements Assessment | $1,923,683 |
| Land Assessment | $3,412,304 | Total Assessment | $5,335,987 |
Property Taxes
Parcel Number
4250-009-020
Land Assessment
$3,412,304
Improvements Assessment
$1,923,683
Total Assessment
$5,335,987
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24u in Prime Mar Vista | Value Add | 3144-3152 S Barrington Ave
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