Sold
1742 Barry Avenue
Los Angeles CA, 90025
$9,100,000
$543.41 per sqft
Sold
32 Beds
24 Baths
16,746 sqft
Residential
Built in 1983
Listed by Errol Spiro with Miller & Desatnik Realty Co. 310-202-9166
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.
22227465
MLSⓇ ID
December 28, 2022
Listed
March 23, 2024
Updated
Map
1742 Barry Avenue
Los Angeles CA, 90025
Interior Features
Total Stories
2
Bedrooms
32 Beds
Bathrooms
24 Baths
Appliances
Refrigerator
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.31 Acres
Other Property Details
Area Name
WLA - West Los Angeles
Days on Market
69
Garage
No
Parking
Underground
Parking Total
36
View
No
View Description
None
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LAR3
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
5/18/2023 | Sold | $9,100,000 |
Listing Contact: 310-202-9166
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:19 AM UTC