
Los Angeles, California 90025
This 11-unit multifamily Asset represents a High-Potential Investment Opportunity, listed at $2,950,000—positioned well above the $2,647,151 Fair Market Value. While priced at a premium, the property offers a stable 5% cap rate and significant value-add potential through interior renovations. With a Condition Rating of 4, the building features completed seismic and balcony upgrades, mitigating immediate capital expenditure risks. Its diverse unit mix and proximity to the Metro E Line ensure long-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Multifamily Portfolio Managers seeking resilient Westside income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1626 S Barrington Subject | $2,950,000* List Price | 0 | 0 | 7,900 | $336 | - |
A 11727 Ohio Sold | $2,597,000 | 0 | 0 | 7,697 | $337 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Constructed in 1969 (55 years old), the property is well-maintained with critical structural updates completed (soft-story and balcony requirements). However, the listing identifies a 'value-add' opportunity through interior improvements, indicating that kitchens, bathrooms, and finishes are dated and require updates to achieve market rental rates.
Elementary School: Franklin Elementary School (9/10).
With current rents positioned below market rates, the property offers a significant opportunity for investors to increase the 5% capitalization rate through strategic interior renovations and natural tenant turnover.
The building has already met the mandatory Los Angeles soft-story and balcony requirements, saving a buyer substantial immediate capital expenditures and providing peace of mind regarding structural compliance.
Constructed in 1969, the property is subject to the Los Angeles Rent Stabilization Ordinance (RSO), which restricts the owner's ability to raise rents to market levels for existing tenants.
Although the property features gated parking and garages, it does not provide dedicated spaces for every unit, which may be a drawback for prospective tenants in a high-density West Los Angeles neighborhood.
We are pleased to present 1626 S. Barrington Avenue, an exceptional 11-unit apartment building situated in one of West Los Angeles' most desirable and sought-after rental neighborhoods. This professionally managed asset reflects long-term ownership and pride of stewardship, making it an ideal addition to any multifamily investment portfolio. Constructed in 1969, the property features a well-balanced unit mix consisting of six one-bedroom units, three studio units, one two-bedroom unit, and a spacious townhouse-style front unit offering three bedrooms, three bathrooms, and in-unit laundry. This diverse configuration appeals to a broad tenant base and provides for minimal vacancy. The majority of the building is separately metered and designed for efficient management. Amenities include a dedicated on-site laundry room, bike storage, and gated parking for most units, including some enclosed garages. Current Soft-story and Balcony requirements have been met. Current rents remain below market, creating a compelling value-add opportunity through natural turnover and strategic interior improvements. At the current income level, the property offers an attractive 5% capitalization rate, with substantial upside potential through rent growth and enhanced operations. Offering convenient access to the I-405 Freeway, major surface streets, and public transportation, including the Metro E Line, the property is ideally positioned to attract a diverse tenant base seeking connectivity to the Westside's premier employment, educational, cultural, and recreational destinations. These highly desirable location attributes continue to support strong occupancy levels and long-term rental demand. 1626 S. Barrington Avenue represents a rare opportunity to acquire a stable, well-maintained Westside multifamily asset with immediate cash flow, long-term appreciation potential, and significant future income growth in one of Los Angeles' most resilient rental markets.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 7,900 | 2,864 |
| Lot Size | 6,352 | 7,003 |
| Price | $2.95M | $1.58M |
| Price per sq ft | $373 | $319 |
| Built year | 1969 | 1929 |
| HOA | $0 | $907 |
| Days on market | 35 | 91 |
Jun 17, 2026
$2,950,000
Initial Listing
Jul 29, 1994
$770,000
Public Record