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1742 Barry Avenue
Los Angeles, CA 90025
Sold
1742 Barry Avenue
Los Angeles, CA 90025
Sold
1742 Barry Ave. is being sold together with its neighboring property 1738 Barry Ave. (APN # 4262-019-015). These two eight unit properties must be purchased together and can not be sold separately. The listing price of $9,995,000 reflects the listing price for both properties. The properties are being sold as a trust sale but are not subject to court confirmation. The trustee is required to sell both properties. These two exceptional multi-family assets are ideally situated in the heart of LA's vibrant Westside. 1738 Barry Ave. was constructed in 2001 and 1742 Barry was built in 1983. As such, neither property is subject to the City of Los Angeles's Rent Stabilization Ordinance (AB 1482 applies) and both properties have massive rental upside. One of the units will be delivered vacant. The properties each consist of one building with three floors of residential units over 1 level of subterranean parking, which is exempt from seismic soft story retrofit. The ideal unit mixes consist of 8 extremely large 2+2 units in the 1738 Barry building and 8 large 2+1 units in the 1742 Barry building. All units feature dramatic two story townhome-style floor plans flooded with natural light.The buildings offer residents a secure intercom entry, central HV/AC, fireplaces (1738 Barry), balconies, in-unit washer and dryers (1738 Barry), private rooftop decks (1738 Barry), and an on-site laundry room (1742 Barry). Both properties have an abundance of parking (1738 Barry has 20 spaces and 1742 Barry has 16 spaces), making them each a potential candidate for a condominium conversion.The prime location provides its tenant easy access to the high-end dining and nightlife of Santa Monica and Sawtelle Blvd. These rare value add offerings present an astute investor with the unique opportunity to capitalize on higher market rents and to acquire prestigious turnkey assets in one of the best rental locations in all of Los Angeles.
PROPERTY INFORMATION
| MLS # | 22227465 | Lot Size | 13,721 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 9,995,000
Price Per SqFt: $ 597 |
DOM | 859 Days |
| Address | 1742 Barry Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 16,746 Sq. Ft. |
| Postal Code | 90025 | Garage | N/A |
| County | Los Angeles | Year Built | 1983 |
| Bed / Bath | 32 / 0 | Parking | 36 |
| Built In | 1983 | Status | Closed |
| Sold Date | 2023-03-29 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator |
| Has Heating | Yes |
| Heating Information | Central |
| Has Cooling | Yes |
| Cooling Information | Central Air |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $10,661
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 03/29/2023 | Sold | $9,100,000 |
| 03/09/2023 | Pending | $9,995,000 |
| 12/28/2022 | Listed | $9,995,000 |
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(844)-333-8033
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Listing provided courtesy of Errol Spiro, Miller & Desatnik Realty Co.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
