1333 Barry Ave

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Address: 1333 Barry Ave, Los Angeles, CA 90025, USA

California & West + Apartment Buildings

Created date: November 7, 2024

Date last updated: December 2, 2024

Prime West LA location
Long Term Ownership (30+ Years)
Excellent Value-Add Opportunity
9 Units with an Excellent Unit Mix
Significant Rental Upside +/- 21%
Moments from Major Amenities

Property Description

An exceptional value-add investment opportunity, 1333 Barry Ave offers 9 units in the highly sought-after West Los Angeles area. The building boasts 6,259 square feet on a 7,000-square-foot lot. This prime location is just moments from major amenities, dining, and entertainment, making it a highly desirable rental market. The property features an excellent unit mix and has been owned by the same owner for over 30 years, presenting a rare opportunity for investors. With significant rental upside potential of approximately 21%, this building offers a tremendous opportunity for income growth through renovation and repositioning. Ideal for those looking to unlock value in a premier LA neighborhood.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$3,200,000
No. of Units:	9
Average Occupancy:	4.44
Year Built:	1958
Lot Size:	0.16 Sq ft
Opportunity Zone:	No
Price per unit:	$355,556
Property Website	Click Here