1334 Barry Ave
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1334 Barry Ave
8 Unit Apartment Building $5,150,000 ($643,750/Unit) 4.18% Cap Rate Los Angeles, CA 90025
Investment Highlights
- 6 of the 8 units meticulously renovated in 2022/2023
- Excellent unit mix; four 1-bed/1-bath units and four 2-bed/2-bath units
- Additional upside remains with two units left to be upgraded
- Property exterior and plumbing & electrical also upgraded
- Property features controlled access, parking, storage, in-unit washer/dryer, and well-designed units
- Property offers great curb appeal, sitting elevated off the street at the corner of Barry and Rochester
Executive Summary
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.
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 Facts
| Price | $5,150,000 | Apartment Style | Low Rise |
| Price Per Unit | $643,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.18% | Building Size | 7,212 SF |
| Gross Rent Multiplier | 15.92 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Price | $5,150,000 |
| Price Per Unit | $643,750 |
| Sale Type | Investment |
| Cap Rate | 4.18% |
| Gross Rent Multiplier | 15.92 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,212 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2023 |
| Parking Ratio | 1.25/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 700 |
| 2+2 | 4 | - | 1,100 |
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Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 4263-014-034 | Improvements Assessment | $1,248,480 |
| Land Assessment | $2,913,120 | Total Assessment | $4,161,600 |
PROPERTY TAXES
Parcel Number
4263-014-034
Land Assessment
$2,913,120
Improvements Assessment
$1,248,480
Total Assessment
$4,161,600
zoning
| Zoning Code | LAR3 |
| LAR3 |
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Matt Levis -
Jack Levis -
Kidder Mathews
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1334 Barry Ave
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