1105 S Barrington Ave
$4,700,000, 8,744 Sqft
About This Property
An eight-unit apartment building located in the highly desirable Brentwood submarket of Los Angeles. Built in 1955, the property has an excellent unit mix of two three-bedroom units, four two-bedroom units, and two one-bedroom units. The property is situated on a 7,400 square foot cornet lot. Seven of the eight units have been remodeled beautifully. Additionally, there is onsite parking for tenants. With a 4.2% going in cap rate, and only a 15.5x gross rent multiplier, this is a great long-term-hold or value-add opportunity for any buyer looking to invest or add to their portfolio. Existing Loan w/ Chase can be assumed - UPB: ~$2,375,000 with SIGNIFICANTLY BELOW-MARKET INTEREST RATE OF 3.86% FIXED thru 03.01.23
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Listing information last updated on February 19th, 2019 at 3:45am PST.