Description
1742 Barry Ave. is being sold together with its neighboring property 1738 Barry Ave. (APN # 4262-019-015). These two eight unit properties must be purchased together and can not be sold separately. The listing price of $9,995,000 reflects the listing price for both properties. The properties are being sold as a trust sale but are not subject to court confirmation. The trustee is required to sell both properties. These two exceptional multi-family assets are ideally situated in the heart of LA's vibrant Westside. 1738 Barry Ave. was constructed in 2001 and 1742 Barry was built in 1983. As such, neither property is subject to the City of Los Angeles's Rent Stabilization Ordinance (AB 1482 applies) and both properties have massive rental upside. One of the units will be delivered vacant. The properties each consist of one building with three floors of residential units over 1 level of subterranean parking, which is exempt from seismic soft story retrofit. The ideal unit mixes consist of 8 extremely large 2+2 units in the 1738 Barry building and 8 large 2+1 units in the 1742 Barry building. All units feature dramatic two story townhome-style floor plans flooded with natural light.The buildings offer residents a secure intercom entry, central HV/AC, fireplaces (1738 Barry), balconies, in-unit washer and dryers (1738 Barry), private rooftop decks (1738 Barry), and an on-site laundry room (1742 Barry). Both properties have an abundance of parking (1738 Barry has 20 spaces and 1742 Barry has 16 spaces), making them each a potential candidate for a condominium conversion.The prime location provides its tenant easy access to the high-end dining and nightlife of Santa Monica and Sawtelle Blvd. These rare value add offerings present an astute investor with the unique opportunity to capitalize on higher market rents and to acquire prestigious turnkey assets in one of the best rental locations in all of Los Angeles.
Location
Similar Listings
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing Agent: Errol Spiro 00893163 Courtesy of: Miller & Desatnik Realty Co. "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 4th February, 2023 8:13 AM (UTC)
