2680 S Barrington AVE, Los Angeles, CA 90064
2680 S Barrington AVE, Los Angeles, CA 90064
2680 S Barrington AVE, Los Angeles, CA 90064
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$4,600,000
Est. payment /mo
27 Beds
28 Baths
16,588 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 16,588 sqft

Price per Sqft $277

MLS Listing ID 26107152

Bedrooms 27

HOA Y/N No

Year Built 1972

Lot Size 0.252 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Zoning LAR3

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

View Y/N Yes

View City Lights

Total Parking Spaces 14

Private Pool No

Building

Story 2

Entry Level Two

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4258007029

Special Listing Condition Standard

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Listed by Eric Sackler Coldwell Banker Realty #01057377

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

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2680 S Barrington AVE

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