1815 Barry Avenue,Los Angeles, CA 90025
Los Angeles, CA 90025
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.
Details
| MLS # | 26827967 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2024 |
| Days On Site | 127 |
| Listing Provided By | Keller Williams Beverly Hills | Daniel Joonmo Phai |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 18 |
| SQ Feet | 7,977 |
| Story(s) | 3 |
| Units | 4 |
| Building(s) | 2 |
| Zoning | LARD1.5 |
| Acreage | 0.14 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | High Ceilings |
| Appliances | Dishwasher, Microwave, Refrigerator, Dryer, Washer |
Parking
| Parking Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90025 |
| Area | WLA West Los Angeles |
| Listing VS Median (in 90025) | |
Price: $5,650,000 low | high Med: $3,999,500 sqft: 7,977 low | high Med: 6,685 $ / sqft: $708 low | high Med: $635 On site: 127 low | high Med: 96 | |
Market Activity 90025
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90025 |
| Area | WLA West Los Angeles |
| Listing VS Median (in 90025) | |
Price: $5,650,000 low | high Med: $3,999,500 sqft: 7,977 low | high Med: 6,685 $ / sqft: $708 low | high Med: $635 On site: 127 low | high Med: 96 | |
 | $6,250,0001743 Butler AvenueLos Angeles, CA 90025 |
 | $3,649,9501606 BarryLos Angeles, CA 90025 |