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1288 Barry Ave Los Angeles, CA 90025

$4,390,000 Sold Price as of 03/11/2022

17 Beds
13 Baths
6,787 Sq.Ft.

Sold

$4,390,000 Sold Price as of 03/11/2022 Refinance Your Mortgage

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Map preview of 1288 Barry Ave, Los Angeles, CA 90025

Property Overview: 1288 Barry Ave Los Angeles, CA has 17 bedrooms, 13 bathrooms, 6,787 living square feet and 6,286 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Current gross Income over 270K annually at 4.34% cap rate and 15.95 GRM in prime West LA neighborhood adj to Brentwood & Santa Monica!! 1288 Barry represents a great opportunity for an investor to acquire a large 6 Unit property at a great price with immediate cash flow that will produce high returns. This building has been well-cared for and its soft story seismic retrofit is completed! Prime West LA location ONE block from Wilshire and ONE block east of Barrington, with convenient access to major thoroughfares, freeways, transportation, and close to retail and entertainment options from Brentwood, Santa Monica, Sawtelle and Westwood. In addition to its high returns, this great building has a history of very low vacancy due to its proximity to major employment hubs (i.e. Silicon Beach high tech companies) and UCLA, its neighborhood charm, and unique 3 & 4-bedroom units. With a walk-score of 85 the property is in close proximity to several parks, including Westwood Recreation Center, Stoner Recreation Center and Jackie Robinson Stadium in addition to several nearby restaurants, shopping and entertainment venues.

Listed by Susan Lau | BRE #01516710 | Coldwell Banker Realty
Co-listed by Eric Sackler | BRE #01057377 | Coldwell Banker Realty

Last checked: 10 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft: 6,286
HOA Dues: $0/mo
Year built: 1960
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22116203
City: Los Angeles
County: Los Angeles
Time on Site: 865 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,795
Total Rent: $3,795
Pro Forma/Market Rent: $4,000

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,350
Total Rent: $1,350
Pro Forma/Market Rent: $1,750

Unit Breakdown 3

# of Units: 1
# of Beds: 4
# of Baths: 3
Furnishing: Unfurnished
Actual Rent: $5,095
Total Rent: $5,095
Pro Forma/Market Rent: $5,200

Unit Breakdown 4

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,595
Total Rent: $3,595
Pro Forma/Market Rent: $4,000

Unit Breakdown 5

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,795
Total Rent: $3,795
Pro Forma/Market Rent: $4,000

Unit Breakdown 6

# of Units: 1
# of Beds: 4
# of Baths: 3
Furnishing: Unfurnished
Actual Rent: $5,095
Total Rent: $5,095
Pro Forma/Market Rent: $5,200

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 15.95
Gross Scheduled Income: --
Net Operating Income: $189,007
Gross Operating Income: $268,246

Annual Expense Breakdown

Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 1288 Barry Ave

Interior Features

Heating Information

Has Heating
Wall Furnace

Laundry Information

Has Laundry
Community

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 5
Has Parking
Parking Features: Carport

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 6
Parcel Number: 4263013036

Location / Neighborhood

Location Information

Directions: Two Blocks South Wilshire Blvd and Two Block East of Barrington Avenue

View more facts & features

Local Los Angeles Agent

Sale History for 1288 Barry Ave

Last sold for $4,390,000 on March 11th, 2022

March, 2022
Mar 11, 2022

Date

Sold

CRMLS: 22116203

$4,390,000

Price
Jan 6, 2022

Date

Active

CRMLS: 22116203

$4,350,000

Price
January, 2022
Jan 4, 2022

Date

Canceled

CRMLS: 21792398

$4,350,000

Price
Oct 18, 2021

Date

Active

CRMLS: 21792398

$4,350,000

Price
Listing provided courtesy of CRMLS

4.34% cap and 15.95 GRM! AND in prime West LA!! 1288 Barry represents a great opportunity for an investor to acquire a great 6 Unit property at a great price with immediate cash flow that will produce high returns. This building has been well-cared for and its soft story seismic retrofit is completed! Prime West LA location ONE block from Wilshire and ONE block east of Barrington, with convenient access to major thoroughfares, freeways, transportation, and close to retail and entertainment options from Brentwood, Santa Monica, Sawtelle and Westwood. In addition to its high returns, this great building has a history of very low vacancy due to its proximity to major employment hubs (i.e. Silicon Beach high tech companies) and UCLA, its neighborhood charm and unique 3 and 4-bedroom units which totals 18 Bedrooms and 13 bathrooms. With a walk score of 85 the property is in close proximity to several parks, including Westwood Recreation Center, Stoner Recreation Center and Jackie Robinson Stadium in addition to several nearby restaurants, shopping and entertainment venues.

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August, 2020
Aug 1, 2020

Date

Expired

CRMLS: 20558862

$4,495,000

Price
Feb 29, 2020

Date

Active

CRMLS: 20558862

$4,495,000

Price
Feb 28, 2020

Date

Hold

CRMLS: 20558862

$4,495,000

Price
Feb 28, 2020

Date

Active

CRMLS: 20558862

$4,495,000

Price
Listing provided courtesy of CRMLS

1288 Barry Avenue, built in 1960, is located on a tree lined street adjacent to Stoner Park and Wilshire Blvd where tenants can dine, shop, ride bikes or indulge in dinner at the neighborhood restaurant Bandera known for it's kitchen in the round. The unit mix is comprised of (Three) 3 Bedroom +2 Bathroom units, (Two) 4 Bedroom + 3 Bathroom units, and (One) Studio.The location of the property is in the highly coveted area of West L.A. known for its cultural diversity, multitude of entertainment options, eclectic retail, and food options. 1288 Barry is commanding extremely high rents in the area. ** Soft Story Seismic Retrofit Has Been Completed By The Seller **

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June, 2005
Jun 2, 2005

Date

Sold (Public Records)

Public Records

$1,930,000

Price
October, 2002
Oct 2, 2002

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1288 Barry Ave

Assessed Value (2020): $2,459,889

Year	Land Value	Improved Value	Assessed Value
2020	$1,402,009	$1,057,880	$2,459,889

Home Value Compared to the Market

This property vs the competition

1288 Barry Ave sold on March 11, 2022 for 265.55% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $640.93 per/sqft which puts the price per square foot 15.11% lower than the current median sale per square foot for the city of Los Angeles.

About 1288 Barry Ave

Detailed summary of property

1288 Barry Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 17 bedrooms, 13 bathrooms, roughly 6,787 living square feet, and sits on an approximately 6,286 square foot lot. 1288 Barry Ave was first listed on ArdentRealEstateGroup.com on January 6, 2022. The homeowner sold the property for $4,390,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 265.55% higher than the current median priced home. Local homes that are currently for sale include 1453 S Beverly Dr, 3729 Delmas Terrace and 9240 W National Blvd. While the average home in Los Angeles, CA is selling in 92 days, 1288 Barry Ave has a days on market of 29 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1288 Barry Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1288 Barry Ave

Public county record property details

Beds: 17
Baths: 13
Year built: 1960
Sq. Ft.: 6,787
Lot Size: 6,286
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 37-39
APN: 4263-013-036

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,199,000

Median List Price/Sq.Ft.

$749

Median Sold Price

$1,100,935

Median Sold Price/Sq.Ft.

$698

Total Inventory

114

Median Sale to List Price %

104.95%

Avg Days on Market

Loan Type

Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.