605 S Barrington Ave | Los Angeles, CA 90049
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- LoopNet Team
605 S Barrington Ave
Los Angeles, CA 90049
605 S Barrington Ave · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- Please reach out to brokers directly for Offering Memorandum
- By implementing an extensive interior and exterior renovation plan, a subsequent buyer can capture ~27% loss-to-lease on rents for luxury product
- The subject property offers a mix of large one and two bedroom floor-plans accretive to the renter profile of the Brentwood submarket.
- 605 South Barrington Avenue is a 40 Unit value-add opportunity located in Brentwood, an affluent suburban community located on ”The Westside” of LA
- Residents are within walking distance of more than two million square feet of office space along Wilshire and San Vicente Boulevard
- 605 South Barrington Avenue is being offered for purchase individually or as apart of a portfolio with 15050 Moorpark Street & 13444 Moorpark Street
PROPERTY FACTS
| No. Units | 40 | Lot Size | 1.16 AC |
| Property Type | Multifamily | Building Size | 38,860 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1953 |
| Building Class | C | Parking Ratio | 0.97/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling Zone | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.16 AC |
| Building Size | 38,860 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 27 | $2,393 | 706 - 908 |
| 2+1.5 | 13 | $3,148 | 875 - 1,050 |
PROPERTY TAXES
| Parcel Number | 4401-011-013 | Improvements Assessment | $8,500,000 |
| Land Assessment | $10,000,000 | Total Assessment | $18,500,000 |
PROPERTY TAXES
Parcel Number
4401-011-013
Land Assessment
$10,000,000
Improvements Assessment
$8,500,000
Total Assessment
$18,500,000
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