2680 S Barrington Avenue
Property Overview
2680 South Barrington Avenue, a 15-unit apartment building in Mar Vista offered for sale for the first time in over 40 years. Built in 1972 and held by the same ownership for more than four decades, the property is fully occupied and has completed its mandatory earthquake soft-story retrofit. At $277 per square foot, it is offered at one of the lowest price points per square foot for comparable buildings in the area. The building has an efficient unit mix of thirteen two-bedroom, two-bath units and two one-bedroom, one-bath units, with 14 parking spaces on a 10,997 SF LAR3 lot. Rents are well below market. Many of the tenancies date back a decade or more, which leaves substantial room to grow income as units turn over and are brought to market. The property is 100% occupied and is offered at a 4.6% current cap rate, with a pro forma cap rate of over 8.0% using conservative market rents at turnover. Few Westside offerings combine generational ownership, full occupancy, and this level of upside.
Home Details
- Property type
- Residential Income
- Year built
- 1972
- Living area
- 16,588 sq ft
- Lot size
- 10,997 sq ft
- Parking
- 14 spaces
- Stories
- 2
- Days on market
- 1
- MLS status
- Active
- Architectural style
- MidCenturyModern
- Zoning
- LAR3
Features & Amenities
Pool
- None
Community, Schools & Utilities
Community
- View
- CityLights
Utilities
- Sewer
- Other
Location & Neighborhood
Frequently Asked Questions About 2680 S Barrington Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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