29
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$5,650,000
Est. payment /mo
16 Beds
18 Baths
7,977 SqFt
New
1815 Barry AVE Los Angeles, CA 90025
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,977 sqft
Price per Sqft $708
MLS Listing ID 26827967
Bedrooms 16
HOA Y/N No
Year Built 2024
Lot Size 5,941 Sqft
Property Description
1815 Barry Ave presents a rare opportunity to acquire a newly constructed, fully leased fourplex in the heart of Sawtelle, one of West Los Angeles' most desirable and supply-constrained rental markets. Offered at $5,650,000, the property delivers a 5.0% plus cap rate with strong in-place income and long-term upside potential, and ideal for a 1031 exchange. This premium asset consists of four expansive 4-bedroom, 4.5-bath tri-level townhome-style units, each designed with modern layouts, high-end finishes, and exceptional natural light. All units are currently leased, providing immediate, stable cash flow from day one. Each residence features large open-concept living areas, designer kitchens with marble countertops, stainless steel appliances, and oversized rooftop decks with panoramic 360-degree city views, creating a highly desirable product for high-income tenants. The property includes owned solar panels, helping reduce operating expenses and enhance long-term efficiency. Additional features include 8 parking spaces, separate utility metering, and minimal maintenance requirements due to brand-new construction. Four-unit property qualifies for conventional residential financing, offering increased accessibility and attractive lending options. Located just steps from Sawtelle Blvd's vibrant dining and retail corridor, and minutes from UCLA, Westwood, Brentwood, and Santa Monica, the property benefits from a strong tenant base and consistent rental demand. With proven rents and nearby comps achieving even higher levels, this asset offers a compelling combination of stability, premium location, and future rental growth potential.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LARD1.5
Interior
Interior Features High Ceilings
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Gated
View Y/N Yes
View City Lights
Total Parking Spaces 8
Building
Story 3
Entry Level Multi/Split
Architectural Style Modern
Level or Stories Multi/Split
New Construction Yes
Others
Senior Community No
Tax ID 4262021004
Special Listing Condition Standard
Listed by Daniel Joonmo Phai Keller Williams Beverly Hills #02225985
Nearby Locations
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