1334 Barry Ave, Los Angeles, CA 90025

8 Unit Apartment Building | $5,150,000 ($643,750/Unit) | 4.18% Cap Rate | Los Angeles, CA 90025

Asking Price $5,150,000

Property Type: Multifamily
Square Feet: 7,212 SF

Listing Contacts

Matt Levis

Jack Levis

Property Info

Property Overview

Barry Ave is well maintained and in excellent condition. Six of the eight units were completely renovated in 2022/2023 and feature entirely new interiors. Importantly, the plumbing and electrical systems and cable/internet infrastructure were all upgraded as well. The property’s landscaping was also redone to highlight the natural light of the elevated, corner lot.
With two units remaining to upgrade, 1334 Barry offers a proven renovation scope and leasing history for investors to follow and capture the remaining rental income upside.

Property Details

Class: C
Year Built/Renovated: 1962/2023
Stories: 2
Lot Size (sq. ft): 6,970 SF
Units: 8

Highlights

6 of the 8 units meticulously renovated in 2022/2023
Property exterior and plumbing & electrical also upgraded
Excellent unit mix; four 1-bed/1-bath units and four 2-bed/2-bath units
Property features controlled access, parking, storage, in-unit washer/dryer, and well-designed units
Additional upside remains with two units left to be upgraded
Property offers great curb appeal, sitting elevated off the street at the corner of Barry and Rochester

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