1105 S Barrington Avenue

    Los Angeles (City), CA 90049
    • $4,700,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: 18394924
    UPDATED: 72 min ago
    $4,700,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,744
      SQFT
    • $538
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    An eight-unit apartment building located in the highly desirable Brentwood submarket of Los Angeles. Built in 1955, 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% going in cap rate, and only a 16x gross rent multiplier, this is a great long-term-hold or value-add opportunity for any buyer looking to invest or 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

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T23:28:55.467. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88342057

    1105 S Barrington Avenue Los Angeles (City), CA 90049

    • Price: $4,700,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: 18394924
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,744
    SQFT
    $538
    $/SQFT
    1955
    Built
    Neighborhood:
    C06 - Brentwood
    County:
    Los Angeles
    Area:
    C06 - Brentwood
    Property Description
    An eight-unit apartment building located in the highly desirable Brentwood submarket of Los Angeles. Built in 1955, 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% going in cap rate, and only a 16x gross rent multiplier, this is a great long-term-hold or value-add opportunity for any buyer looking to invest or 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
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Gross Multiplier 16.00 Gross Operating Income 293468.00 Laundry YN Yes Net Operating Income 189727.00 Special Listing Conditions Standard Total Expenses 94974.00 Zoning Lar3

    Listing provided courtesy of Ardy Ishal of Brc Advisors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T23:28:55.467. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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