2540 S Barrington Ave
- Assumable 4.38% Chase Loan. About 2.5 years of fixed-rate financing remain, subject to Chase’s approval of the buyer.
- 19% Rental Upside. In-place rents on occupied units leave room for rent growth as those units turn.
- Pool Courtyard. Walkways on both floors overlook a 15 by 30 foot pool.
- Four Long-Term Tenancies. Four one-bedroom tenancies that began between 1999 and 2018 pay $1,170 to $1,352 a month.
- Dual-Glazed Windows. A 2012 permit replaced 45 windows, finaled 07/20/2012.
Property Description
The LAAA Team of Marcus & Millichap is pleased to present 2540 S Barrington Avenue, a 12-unit apartment building on Barrington Avenue in West Los Angeles. A qualified buyer may assume the existing Chase loan at 4.38%, fixed through 06/01/2029, subject to Chase's approval. Built in 1958, the two-story, wood-frame building holds ten one-bedroom and two two-bedroom units, 6,535 square feet on an 8,257-square-foot lot, with a pool courtyard at its center. The property is registered under the Los Angeles Rent Stabilization Ordinance.
In-place rents on the occupied units leave 19% upside to market rents as those units turn. The pool courtyard and West Los Angeles location support the tenant appeal of the ten one-bedroom and two two-bedroom units.
Family ownership is documented since 1978. On the same street, 0.1 mile south, a renovated 610-square-foot one-bedroom was listed at $2,300 in April 2026 and came off the market in six days. The offering suits 1031 exchange buyers and private investors looking for West Los Angeles rental income with fixed-rate financing already in place.
Key Property Information
| Listing Status: | Available |
|---|---|
| Property Types: | Apartment Buildings |
| Price: | $2,600,000 |
| No. of Units: | 12 |
| Cap Rate: | 5.41% |
| GRM /GIM: | 10.37 |
| Year Built: | 1958 |
| Building Size: | 6,535 Sq ft |
| Lot Size: | 0.19 Acres |
| Opportunity Zone: | No |
| Price per unit: | $216,667 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Logan Ward | 818-212-2675 | [email protected] |
| Glen Scher | 818-212-2808 | [email protected] |
| Filip Niculete | 818-212-2748 | [email protected] |
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