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3718 S Barrington Ave

3,221 SF Health Care Building Offered at $2,834,000 at a 8.09% Cap Rate in Los Angeles, CA 90066

Investment Highlights

  • $2,834,000 Submit All Offers
  • Formally Leased to a Sober Living Operator grossing $50,000 Per Month with Upside
  • Custom Built Sober Living Home
  • First Time on the market in 15 YEARS !
  • Desirable Mar Vista neighborhood just minutes from The Beach, Retail and Public Transportation
  • Luxury Single-Level Living House, which offers comfortable accommodation for 12-18 clients

Executive Summary

Ever dreamed of owning a custom-built property in Mar Vista, designed for sober living?
Welcome to 3178 S Barrington Ave! This one-of-a-kind home features 7 spacious bedrooms and 5 bathrooms, offering you all the space and comfort you need.
Step into a world of possibilities with this exclusive property. Imagine owning a property previously leased to a sober living operator, grossing an impressive $50,000 per month with substantial upside potential. Nestled in the coveted Mar Vista neighborhood, this home offers seamless access to the beach, retail hubs, and public transportation. With accommodations for 14 beds, this property presents a unique chance for immediate occupancy and revenue generation in 2024. Don't miss this rare opportunity to own a custom-built masterpiece in a prime location, offering limitless potential for your investment portfolio.
And let's talk about the location - it's a dream! Strategically situated near Silicon Beach, Venice Pier and Boardwalk, Santa Monica, Century City, and Culver City, you'll never run out of things to do or places to explore. With easy access to the MTA Expo Line, Blue Bus, and the 10 and 405 freeways, getting around is a breeze. Mar Vista is known for its vibrant community and exciting events, making it the perfect place to call home or invest in.
The property is being sold vacant. Broker has no actual documentation to support or verify the past or projected revenue stream stated on the Offer Memorandum. The revenue streams stated in the Offer Memorandum are based on statements of a previous operator. Any buyer or business operator must independently verify all legal uses and conduct its own independent investigations with its own experts regarding any and all aspects of the property. Broker makes no representations or warranties implied or stated with regards to the property.

Attachments

Barrington_25

Property Facts

Price $2,834,000
Price Per Bed $404,857
Sale Type Investment
Cap Rate 8.09%
Sale Conditions Build to Suit
Property Type Health Care
Property Subtype
Rehabilitation Center
  • Healthcare Assisted Living
  • Healthcare Congregate SeniorHousing
Building Class C
Lot Size 0.14 AC
Building Size 3,221 SF
No. Beds 7
No. Stories 1
Year Built/Renovated 1926/2009
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code LAR1 (One-Family Residential)
LAR1 (One-Family Residential)
  • Listing ID: 30952138

  • Date on Market: 2/13/2024

  • Last Updated:

  • Address: 3718 S Barrington Ave, Los Angeles, CA 90066

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