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1851 S Barrington Ave Los Angeles, CA 90025

$1,550,000 Sold Price as of 04/15/2021

1 Beds
5 Baths
1,980 Sq.Ft.

Sold

$1,550,000 Sold Price as of 04/15/2021 Refinance Your Mortgage

Map preview of 1851 S Barrington Ave, Los Angeles, CA 90025

Property Overview: 1851 S Barrington Ave Los Angeles, CA has 1 bedrooms, 5 bathrooms, 1,980 living square feet and 6,492 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: $100K price reduction! Marcus & Millichap, as exclusive listing agent, is pleased to present 1851 S Barrington Avenue, a premier 4 SLO or up to 8 unit apartment development opportunity in prime West Los Angeles, CA.This unique development opportunity is comprised of 6,491 SF of land zoned LARD1.5-1, allowing for a By Right 4-unit apartment project or 4 small lot single family homes. The site also falls under TOC Tier 3, allowing for a 45% density bonus or 8 total apartment units (including 1 affordable) along with reduced parking incentives, increased Floor Area Ratio, and a 30% reduction in an individual setback. A developer may also apply to change zoning to R3-1 for a total of 8 units. Because the project would result in less than 10 units, it would not be subject to Measure JJJ. The property is currently comprised of 5 units with a unit mix of (4) Studios and (1) 1 Bedroom / 1 Bathroom. The current building is 1,980 SF and was built in 1952. 1851 S Barrington Avenue has a prime location in the world-renowned West Los Angeles. Situated just North of the 10 Freeway one of Los Angeles most significant East West throughfares, 1851 S Barrington Avenue is surrounded by affluent neighborhoods, home to expensive residences, as well as numerous high profile office and residential developments. The subject property is uniquely positioned in one of the

Listed by Jeffrey Louks | BRE #00908473 | Marcus & Millichap

Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft: 6,492
HOA Dues: $0/mo
Year built: 1952
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21704690
City: Los Angeles
County: Los Angeles
Time on Site: 1211 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 4
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,234
Total Rent: $4,999
Pro Forma/Market Rent: $6,000

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,333
Total Rent: $1,333
Pro Forma/Market Rent: $2,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 21.39
Gross Scheduled Income: --
Net Operating Income: $40,548
Gross Operating Income: $75,984

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1851 S Barrington Ave

Interior Features

Heating Information

No Heating
None

Kitchen Information

Has Appliances
Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 5
Parcel Number: 4262022012

Location / Neighborhood

Location Information

Directions: On Barrington and Missouri. North of olympic blvd.

View more facts & features

Local Los Angeles Agent

Sale History for 1851 S Barrington Ave

Last sold for $1,550,000 on April 15th, 2021

April, 2021
Apr 19, 2021

Date

Sold

CRMLS: 21704690

$1,550,000

Price
Mar 18, 2021

Date

Pending

CRMLS: 21704690

$1,625,000

Price
Mar 12, 2021

Date

Active

CRMLS: 21704690

$1,625,000

Price
March, 2021
Mar 11, 2021

Date

Expired

CRMLS: 20647250

$1,625,000

Price
Mar 9, 2021

Date

Price Change

CRMLS: 20647250

$1,625,000

Price
Feb 2, 2021

Date

Pending

CRMLS: 20647250

$1,725,000

Price
Oct 15, 2020

Date

Active

CRMLS: 20647250

$1,725,000

Price
Listing provided courtesy of CRMLS

$100K Price Reduction! Marcus & Millichap, as exclusive listing agent, is pleased to present 1851 S Barrington Avenue, a premier 4 SLO or up to 8 unit apartment development opportunity in prime West Los Angeles, CA. This unique development opportunity is comprised of 6,491 SF of land zoned LARD1.5-1, allowing for a By Right 4-unit apartment project or 4 small lot single family homes. The site also falls under TOC Tier 3, allowing for a 45% density bonus or 8 total apartment units (including 1 affordable) along with reduced parking incentives, increased Floor Area Ratio, and a 30% reduction in an individual setback. A developer may also apply to change zoning to R3-1 for a total of 8 units. Because the project would result in less than 10 units, it would not be subject to Measure JJJ. The property is currently comprised of 5 units with a unit mix of (4) Studios and (1) 1 Bedroom / 1 Bathroom. The current building is 1,980 SF and was built in 1952.

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August, 2016
Aug 5, 2016

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1851 S Barrington Ave

Assessed Value (2020): $115,393

Year	Land Value	Improved Value	Assessed Value
2020	$82,025	$33,368	$115,393

Home Value Compared to the Market

This property vs the competition

1851 S Barrington Ave sold on April 15, 2021 for 27.55% 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 $820.71 per/sqft which puts the price per square foot 3.76% higher than the current median sale per square foot for the city of Los Angeles.

About 1851 S Barrington Ave

Detailed summary of property

1851 S Barrington Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 1 bedrooms, 5 bathrooms, roughly 1,980 living square feet, and sits on an approximately 6,492 square foot lot. 1851 S Barrington Ave was first listed on ArdentRealEstateGroup.com on March 12, 2021. The homeowner sold the property for $1,550,000. 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 27.55% higher than the current median priced home. Local homes that are currently for sale include 6064 Horner St, 5869 Dauphin Ave and 1132 S Crescent Heights Blvd. While the average home in Los Angeles, CA is selling in 100 days, 1851 S Barrington Ave has a days on market of 5 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 1851 S Barrington 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 1851 S Barrington Ave

Public county record property details

Beds: 5
Baths: --
Year built: 1952
Sq. Ft.: 1,980
Lot Size: 6,491
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 47
APN: 4262-022-012

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

Loan Type

Conventional (10.34%), FHA (0%), VA (0%), Cash (13.79%), Other (13.79%)

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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.