1105 S Barrington Ave
Los Angeles, CA 90049
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,744 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.94/1,000 SF |
ABOUT 1105 S BARRINGTON AVE , LOS ANGELES, CA 90049
BRC Advisors is pleased to present for sale an eight-unit apartment building located in the highly desirable Brentwood submarket of Los Angeles. Built in 1955 and subject to local rent control, the property has an excellent unit mix of two three-bedroom units, four two-bedroom units, and two one-bedroom units. The property is situated on a 7,400 square foot cornet lot. Seven of the eight units have been remodeled beautifully. Additionally, there is onsite parking for tenants. With a 4.4% going in cap rate, and only a 15.2x gross rent multiplier, this is a great long-term-hold or value-add opportunity for any buyer looking to add to their portfolio. Existing Loan w/ Chase can be assumed - UPB: ~$2,375,000 with SIGNIFICANTLY BELOW-MARKET INTEREST RATE OF 3.86% FIXED thru 03.01.23 Located north of Wilshire Blvd.
PROPERTY TAXES
| Parcel Number | 4265-010-111 | Improvements Assessment | $938,175 |
| Land Assessment | $3,752,706 | Total Assessment | $4,690,881 |
ZONING
| Zoning Code | R3-1, Los Angeles |
