Property listed by Marcus & Millichap, Neema Ahadian 310-909-5500
$4,625,000
We are pleased to present the REO sale of 1421 Barry Avenue, a turnkey student housing investment opportunity located in prime West Los Angeles between Wilshire Boulevard and Santa Monica Boulevard. Originally traditional multifamily, the property was converted in 2022 to fully furnished co-living suites and extensively renovated with… Read More modern finishes and amenities. Renovations include en-suite bathrooms, European-style cabinetry, vinyl plank flooring, stainless steel appliances, private refrigerators and freezers, Samsung Smart TVs, recessed lighting, individual HVAC controls, smart locks, shared in-unit washers and dryers, and private balconies in select units. All suites are delivered fully furnished. The asset includes 9 parking spaces that are currently underutilized, offering additional income upside. Ideally positioned less than three miles from UCLA and within minutes of major employment hubs including Brentwood, Century City, Beverly Hills, Santa Monica, and Culver City. The property is also within a mile of the West Los Angeles VA Medical Center. The location is approximately one mile from the Metro E (Expo) Line, with convenient access to multiple bus lines along Barrington Avenue and Santa Monica Boulevard. Major retail amenities and dining options are along Wilshire and Santa Monica Boulevards. Read Less
Listing Snapshot
Days Online
31
Last Updated
Beds
27
Square Ft.
7,044
Lot Size
0.16 Acres
Year Built
1961
MLS Number
26656275
Additional Details
Building
Built in 1961, Living area: 7044.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
None
Income
Gross Income: $762,372, Net Operating Income: $444,022
Lot
0.1606 acres
Parking
9 total parking spaces, Carport
Taxes
Parcel Number: 4263020022, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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