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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:19 AM UTC

 

Powered byLuxury Presence