1288 Barry Avenue

Los Angeles, CA 90025

$4,390,000
Last Sold Price
18
Beds
13
Baths
6,787 Sq. Ft.
$647 / Sq. Ft.
6,787
Sq. Ft.
$647
per Sq. Ft.

Description

Current gross Income over 270K annually at 4.34% cap rate and 15.95 GRM in prime West LA neighborhood adj to Brentwood & Santa Monica! 1288 Barry represents a great opportunity for an investor to acquire a large 6 Unit property at a great price with immediate cash flow that will produce high returns. This building has been well-cared for and its soft story seismic retrofit is completed! Prime West LA location ONE block from Wilshire and ONE block east of Barrington, with convenient access to major...Current gross Income over 270K annually at 4.34% cap rate and 15.95 GRM in prime West LA neighborhood adj to Brentwood & Santa Monica! 1288 Barry represents a great opportunity for an investor to acquire a large 6 Unit property at a great price with immediate cash flow that will produce high returns. This building has been well-cared for and its soft story seismic retrofit is completed! Prime West LA location ONE block from Wilshire and ONE block east of Barrington, with convenient access to major thoroughfares, freeways, transportation, and close to retail and entertainment options from Brentwood, Santa Monica, Sawtelle and Westwood. In addition to its high returns, this great building has a history of very low vacancy due to its proximity to major employment hubs (i.e. Silicon Beach high tech companies) and UCLA, its neighborhood charm, and unique 3 & 4-bedroom units. With a walk-score of 85 the property is in close proximity to several parks, including Westwood Recreation Center, Stoner Recreation Center and Jackie Robinson Stadium in addition to several nearby restaurants, shopping and entertainment venues.
  1. Listed by Susan Lau • DRE #01516710 • Brokerage DRE #01464847 • Coldwell Banker Realty
  2. Listed by Eric Sackler • DRE #01057377 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1288 Barry Avenue

Zoning
LAR3
Parcel Number
4263013036
Total Units
6.0
Living Area
6787
Source Living Area
Assessor
Area
West Los Angeles (WLA)
Vacancy Rate
0
Lot Size Area
6286

Location

Listing Courtesy of Coldwell Banker Realty, Susan Lau, DRE #01516710; Coldwell Banker Realty, Eric Sackler, DRE #01057377

Sold By Superlative Property Management, Inc., Gary Small, DRE #02043739

Add your commute
LISTING UPDATED: 03/15/2022 03:31 PM

Property Details for 1288 Barry Avenue

StatusSold
MLS #22-116203
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.14 AC / 6,286 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Susan Lau, DRE #01516710; Coldwell Banker Realty, Eric Sackler, DRE #01057377

Sold By Superlative Property Management, Inc., Gary Small, DRE #02043739

Add your commute

Virtual Tour

Building Information for 1288 Barry Avenue

Stories2Residences-Year Built1960Building Size-Lot Size0.14 AC / 6,286 SF

Payment Calculator

$28,532 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,958

Property Taxes

$4,574

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1288 Barry Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $268,246
  • Net Operating Income: $189,007.00
  • Gross Income: $272,700
  • Cap Rate: 4.34%
  • Gross Rent Multiplier: $15.95
  • Actual Annual Gross Rent: $272,700.00
  • Actual Gross Annual Income: $273,700
  • Actual Rent Total: $272,700.00
  • Total Annual Expense: 79239
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1443
  • Lot Size Square Feet: 6286
  • Lot Size Dimensions: 45x140
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 5
  • Parking Features: Carport
Interior Features
Interior Features
  • Cooling Type: Wall Unit(s), Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
  • Laundry: Community, Laundry Area
  • Laundry Equipment: Lease
  • Virtual Tour Url: https://vimeo.com/656857331
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-06-2022
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,795.00
  • Unit Actual Rent: $3,795.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,095.00
  • Unit Actual Rent: $5,095.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,795.00
  • Unit Actual Rent: $3,795.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,095.00
  • Unit Actual Rent: $5,095.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,595.00
  • Unit Actual Rent: $3,595.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,057,880.00
  • Assessed Improvement Percent: 43.01
  • Assessed Land Value: $1,402,009.00
  • Assessed Land Percent: 56.99
  • Assessed Total Value: $2,459,889.00

Property History for 1288 Barry Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1288 Barry Avenue

Taxable ValueLand$3,136,500Additions$1,341,300Total$4,477,800
Tax Record2023$54,887 ($4,574 / month)
Home Facts
Total Finished SqFt6,787 SqFtAbove Grade Finished SqFt6,787 SqFtLot Size6,286 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLAR3CountyLOS ANGELESAPN4263-013-036

Schools near 1288 Barry Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Charter - K to 7
Rating
School
Distance
Brockton Avenue Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Susan Lau, DRE #01516710; Coldwell Banker Realty, Eric Sackler, DRE #01057377

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.