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1562 Barry Ave, Los Angeles, CA 90025
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1562 Barry Ave Los Angeles, CA 90025

$3,400,000 Sold Price as of 07/12/2019
  • 9 Beds
  • 13 Baths
  • 6,435 Sq.Ft.
Sold
$3,400,000 Sold Price as of 07/12/2019 Refinance Your Mortgage
Map preview of 1562 Barry Ave, Los Angeles, CA 90025

Property Overview: 1562 Barry Ave Los Angeles, CA has 9 bedrooms, 13 bathrooms, 6,435 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BEST PRICED PROPERTY IN PRIME WEST LOS ANGELES. 16.38X GRM. UNDER $300K/UNIT. 1562 Barry Avenue is a rare opportunity to acquire an easy to manage property located in one of the best rental locations in prime West Los Angeles.  A short stroll to Santa Monica Blvd., the property can be delivered with 2 out of 12 units vacant, allowing the astute investor to immediately capitalize on setting high market rents. 1562 Barry Avenue is a well maintained, easy to manage property that boasts an ideal unit mix of efficiency, studio, 1 bedroom, and 2 bedroom units.  Many units have been remodeled with high end kitchens, bathrooms, flooring, and lighting . Additional features include separate dining areas and wall air conditioning units. There is an on-site laundry room and ample on-site parking consisting of 14 total parking spaces.ÂÂ

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investmen
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 67

Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19447628
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,372
  • Total Rent: $3,373
  • Pro Forma/Market Rent: $4,485
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,696
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,696
Unit Breakdown 3
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $11,175
  • Total Rent: $11,175
  • Pro Forma/Market Rent: $15,365
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,706
  • Total Rent: $1,706
  • Pro Forma/Market Rent: $2,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.38
  • Gross Scheduled Income: --
  • Net Operating Income: $134,065
  • Gross Operating Income: $210,654
  • Improvements Total: $850,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1562 Barry Ave

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 12
  • Parcel Number: 4262009010
Location / Neighborhood
Location Information
  • Directions: Just South Of Santa Monica Blvd. and one block East of Barrington
View more facts & features

Local Los Angeles Agent

Sale History for 1562 Barry Ave

Last leased for $1,995 on October 24th, 2021

  • October, 2021

  • Oct 24, 2021

    Date

    Leased

    CRMLS: 21788210

    $1,995

    Price

  • Sep 26, 2021

    Date

    Active

    CRMLS: 21788210

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    Newly renovated in the perfect Westside location- blocks from Santa Monica! Residents will love the well-lit, clean & modern spaces in this newly remodeled 1 bedroom apartment. Features include an updated bathroom with fixtures and tile stall shower, full-size gas cooktop with oven & microwave. Residents will appreciate the large windows, recessed lighting, breakfast bar and storage in the hall as well as ample closet space with mirrors doors. Ask about our great pet policy and available parking spots! Gas and Electric utilities to be paid by tenant. Parking is available for a monthly fee of $100. In close proximity to the Beach, Beverly Hills, and Century City - with great shopping, dining and night life, this is the perfect opportunity to experience everything this central area of West Los Angeles has to offer!

  • September, 2021

  • Sep 22, 2021

    Date

    Price Change

    CRMLS: 21781412

    $1,595

    Price

  • Sep 9, 2021

    Date

    Price Change

    CRMLS: 21781412

    $1,695

    Price

  • Sep 8, 2021

    Date

    Active

    CRMLS: 21781412

    $1,595

    Price

  • Listing provided courtesy of CRMLS

    Newly renovated sleek and modern studio in the perfect Westside location just moments from Santa Monica! Features include an updated bathroom with fixtures, tub & shower and cooktop with oven. Residents will appreciate the large window and storage in the hall. Ask about our great pet policy and available parking spots! Gas and Electric utilities to be paid by tenant. Parking is available for a monthly fee of $100. Close proximity to the Beach, Beverly Hills, and Century City - with great shopping, dining and night life, this is the perfect opportunity to experience everything this central area of West Los Angeles has to offer!

  • July, 2021

  • Jul 2, 2021

    Date

    Leased

    CRMLS: 21717922

    $1,595

    Price

  • Jun 29, 2021

    Date

    Pending

    CRMLS: 21717922

    $1,595

    Price

  • Jun 7, 2021

    Date

    Price Change

    CRMLS: 21717922

    $1,595

    Price

  • May 15, 2021

    Date

    Price Change

    CRMLS: 21717922

    $1,645

    Price

  • Apr 15, 2021

    Date

    Active

    CRMLS: 21717922

    $1,695

    Price

  • Listing provided courtesy of CRMLS

    Newly renovated sleek and modern studio in the perfect Westside location just moments from Santa Monica! Features include an updated bathroom with fixtures, tub & shower and cooktop with oven. Residents will appreciate the large window and storage in the hall. Gas, electric, water, sewer and trash INCLUDED with rental price! Ask about our great pet policy and available parking spots! In close proximity to the Beach, Beverly Hills, and Century City - with great shopping, dining and night life, this is the perfect opportunity to experience everything this central area of West Los Angeles has to offer!

  • July, 2019

  • Jul 12, 2019

    Date

    Sold

    CRMLS: 19447628

    $3,400,000

    Price

  • May 31, 2019

    Date

    Pending

    CRMLS: 19447628

    $3,558,000

    Price

  • Mar 25, 2019

    Date

    Active

    CRMLS: 19447628

    $3,558,000

    Price

  • July, 2019

  • Jul 12, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,400,000

    Price

  • April, 2019

  • Apr 9, 2019

    Date

    Expired

    CRMLS: 19421468

    $3,695,000

    Price

  • Mar 18, 2019

    Date

    Withdrawn

    CRMLS: 19421468

    $3,695,000

    Price

  • Feb 19, 2019

    Date

    Price Change

    CRMLS: 19421468

    $3,695,000

    Price

  • Jan 9, 2019

    Date

    Active

    CRMLS: 19421468

    $3,795,000

    Price

  • Listing provided courtesy of CRMLS

    BRING ALL OFFERS!!!! BEST PRICED PROPERTY IN WEST LA!!!!! JUST REDUCED!!!!1562 Barry Avenue presents a rare opportunity to acquire an easy to manage property located in one of the best rental locations in prime West Los Angeles.  A short stroll to Santa Monica Blvd., the property can be delivered with 2 out of 12 units vacant, allowing the astute investor to immediately capitalize on setting high market rents. 1562 Barry Avenue is a well maintained, easy to manage property that boasts an ideal unit mix of efficiency, studio, 1 bedroom, and 2 bedroom units. Additionally, there is a very favorable assumable loan in place for $1,850,000 fixed for 5 years at 4.5%. Many units have been remodeled with high end kitchens, bathrooms, flooring, and lighting . Additional features include separate dining areas and wall air conditioning units. There is an on-site laundry room and ample on-site parking consisting of 14 total parking spaces.ÂÂ

  • February, 2019

  • Feb 8, 2019

    Date

    Expired

    CRMLS: 18405296

    $3,995,000

    Price

  • Dec 3, 2018

    Date

    Withdrawn

    CRMLS: 18405296

    $3,995,000

    Price

  • Nov 7, 2018

    Date

    Active

    CRMLS: 18405296

    $3,995,000

    Price

  • Listing provided courtesy of CRMLS

    1562 Barry Avenue presents a rare opportunity to acquire an easy to manage property located in one of the best rental locations in prime West Los Angeles.  1562 Barry Avenue has a very favorable assumable loan for $1,850,000 fixed for 5 years at 4.5%. A short stroll to Santa Monica Blvd., the property will be delivered with 2 out of 12 units vacant, allowing the astute investor to immediately capitalize on setting high market rents. 1562 Barry Avenue is a well maintained, easy to manage property that boasts an ideal unit mix of studios, 1 bedroom, and 2 bedroom units.Many units have been remodeled with high end kitchens, bathrooms, flooring, and lighting . Additional features include separate dining areas and wall air conditioning units. There is an on-site laundry room and ample on-site parking consisting of 14 total parking spaces.ÂÂ

  • January, 2019

  • Jan 9, 2019

    Date

    Canceled

    CRMLS: 18412758

    $3,795,000

    Price

  • Dec 3, 2018

    Date

    Active

    CRMLS: 18412758

    $3,795,000

    Price

  • Listing provided courtesy of CRMLS

    Huge price reduction. Bring all offers. One of the best rental locations in prime West Los Angeles.  1562 Barry Avenue has a very favorable assumable loan for $1,850,000 fixed for 5 years at 4.5%. A short stroll to Santa Monica Blvd., the property will be delivered with 2 out of 12 units vacant, allowing the astute investor to immediately capitalize on setting high market rents. 1562 Barry Avenue is a well maintained, easy to manage property that boasts an ideal unit mix of studios, 1 bedroom, and 2 bedroom units.Many units have been remodeled with high end kitchens, bathrooms, flooring, and lighting . Additional features include separate dining areas and wall air conditioning units. There is an on-site laundry room and ample on-site parking consisting of 14 total parking spaces.ÂÂ

  • January, 2019

  • Jan 5, 2019

    Date

    Expired

    CRMLS: 18393146

    $3,995,000

    Price

  • Nov 6, 2018

    Date

    Withdrawn

    CRMLS: 18393146

    $3,995,000

    Price

  • Oct 4, 2018

    Date

    Active

    CRMLS: 18393146

    $3,995,000

    Price

  • Listing provided courtesy of CRMLS

    1562 Barry Avenue presents a rare opportunity to acquire an easy to manage property located in one of the best rental locations in prime West Los Angeles.  A short stroll to Santa Monica Blvd., the property will be delivered with 2 out of 12 units vacant, allowing the astute investor to immediately capitalize on setting high market rents. 1562 Barry Avenue is a well maintained, easy to manage property that boasts an ideal unit mix of studios, 1 bedroom, and 2 bedroom units.Many units have been remodeled with high end kitchens, bathrooms, flooring, and lighting . Additional features include separate dining areas and wall air conditioning units. There is an on-site laundry room and ample on-site parking consisting of 14 total parking spaces.  1562 Barry Avenue is situated on a large 7,000 square foot lot zoned R3, affording a developer the opportunity to build a new 10 unit luxury development (Buyer to verify).

  • October, 2018

  • Oct 23, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1562 Barry Ave

Assessed Value (2020): $3,401,650
Year Land Value Improved Value Assessed Value
2020 $2,000,000 $1,401,650 $3,401,650

Home Value Compared to the Market

This property vs the competition

1562 Barry Ave sold on July 12, 2019 for 179.28% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $552.91 per/sqft which puts the price per square foot 30.1% lower than the current median sale per square foot for the city of Los Angeles.

About 1562 Barry Ave

Detailed summary of property

1562 Barry Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 9 bedrooms, 13 bathrooms, roughly 6,435 living square feet, and sits on an approximately 7,000 square foot lot. 1562 Barry Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,400,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 179.28% higher than the current median priced home. Local homes that are currently for sale include 3794 Rosewood Ave, 3610 Westwood Blvd and 3749 Westwood Blvd. While the average home in Los Angeles, CA is selling in 100 days, 1562 Barry Ave has a days on market of 67 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1562 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 1562 Barry Ave

Public county record property details
Beds
10
Baths
13
Year built
1964
Sq. Ft.
6,435
Lot Size
7,000
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
4262-009-010

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
$1,248,000
Median List Price/Sq.Ft.
$737
Median Sold Price
$995,000
Median Sold Price/Sq.Ft.
$743
Total Inventory
108
Median Sale to List Price %
99.6%
Avg Days on Market
31
Loan Type
Conventional (10.34%), FHA (0%), VA (0%), Cash (13.79%), Other (13.79%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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.

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