1562 Barry Avenue

    Los Angeles (City), CA 90025
    • $3,795,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: 18412758
    UPDATED: 29 min ago
    $3,795,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,435
      SQFT
    • $590
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Huge price reduction. Bring all offers. One of the best rental locations in prime West Los Angeles.++G++G+- 1562 Barry Avenue has a very favorable assumable loan for $1,850,000 fixed for 5 years at 4.5%. A short stroll to Santa Monica Blvd., the property will be delivered with 2 out of 12 units vacant, allowing the astute investor to immediately capitalize on setting high market rents. 1562 Barry Avenue is a well maintained, easy to manage property that boasts an ideal unit mix of studios, 1 bedroom, and 2 bedroom units.Many units have been remodeled with high end kitchens, bathrooms, flooring, and lighting . Additional features include separate dining areas and wall air conditioning units. There is an on-site laundry room and ample on-site parking consisting of 14 total parking spaces.++G++G

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T14:31:45.09. 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.impactca.com/homes/89820844

    1562 Barry Avenue Los Angeles (City), CA 90025

    • Price: $3,795,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: 18412758
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,435
    SQFT
    $590
    $/SQFT
    1964
    Built
    Neighborhood:
    WLA - West Los Angeles
    County:
    Los Angeles
    Area:
    WLA - West Los Angeles
    Property Description
    Huge price reduction. Bring all offers. One of the best rental locations in prime West Los Angeles.++G++G+- 1562 Barry Avenue has a very favorable assumable loan for $1,850,000 fixed for 5 years at 4.5%. A short stroll to Santa Monica Blvd., the property will be delivered with 2 out of 12 units vacant, allowing the astute investor to immediately capitalize on setting high market rents. 1562 Barry Avenue is a well maintained, easy to manage property that boasts an ideal unit mix of studios, 1 bedroom, and 2 bedroom units.Many units have been remodeled with high end kitchens, bathrooms, flooring, and lighting . Additional features include separate dining areas and wall air conditioning units. There is an on-site laundry room and ample on-site parking consisting of 14 total parking spaces.++G++G
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 3.36 Gross Multiplier 17.47 Gross Operating Income 210654.00 Improvements Amount 850000 Land Value 1975000 Laundry YN Yes Net Operating Income 127396.00 Special Listing Conditions Standard Total Expenses 83258.00 Zoning Lar3

    Listing provided courtesy of Jonathan Taksa of Remax Commercial And Investmen.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T14:31:45.09. 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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