100% Leased Luxury West LA Fourplex | 1815 Barry Ave
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100% Leased Luxury West LA Fourplex 1815 Barry Ave
4 Unit Apartment Building $7,446,888 CAD ($1,861,722 CAD/Unit) 5.39% Cap Rate Los Angeles, CA 90025
Investment Highlights
- 100% LEASED NOW!
- All units have massive rooftop decks!
- Minutes from UCLA, Brentwood & Westwood. A major draw for A+ tenants!
- TOTAL YEARLY GROSS INCOME OF $371,928!
- Located in the neighborhood of Sawtelle Japantown, walking distance to countless trendy shops & restaurants centered on Sawtelle Boulevard!
- Ideal unit mix of ALL 4 bedroom/4.5 bathroom units with rooftops decks!
Executive Summary
1815 Barry Ave is an ultra-premium 100% LEASED brand new construction designer West LA fourplex located in the heart of Sawtelle. Seconds walking to countless trendy shops & restaurants centered on Sawtelle Blvd and minutes from Westwood, Brentwood & The UCLA Campus. This fourplex is ready to close now: a dream come true for 1031 exchange buyers! ALL four units are leased now brining in a total monthly income of $30,994!
1815 Barry Ave e is made up of FOUR 4-bedroom, 4.5 bathroom tri-level townhome style units with massive rooftop decks with awe-inspiring 360 views of Los Angeles, complete with a working outdoor sink! The property boasts 8 garage spaces, a very rare perk for this product type! The excellent location, paired with the upscale modern units, and sprawling rooftop deck views of the city have made for quick, easy rentals.
These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to marble islands, all kitchen appliances included, MASSIVE rooftop decks with outdoor sink, modern glossy cabinets, high ceilings, huge closets, balconies off the living space and bedrooms, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more!
In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.
1815 Barry Ave e is made up of FOUR 4-bedroom, 4.5 bathroom tri-level townhome style units with massive rooftop decks with awe-inspiring 360 views of Los Angeles, complete with a working outdoor sink! The property boasts 8 garage spaces, a very rare perk for this product type! The excellent location, paired with the upscale modern units, and sprawling rooftop deck views of the city have made for quick, easy rentals.
These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to marble islands, all kitchen appliances included, MASSIVE rooftop decks with outdoor sink, modern glossy cabinets, high ceilings, huge closets, balconies off the living space and bedrooms, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more!
In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$523,080
|
$66.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$20,923
|
$2.65
|
| Effective Gross Income |
$502,157
|
$63.68
|
| Taxes |
$86,795
|
$11.01
|
| Operating Expenses |
$13,921
|
$1.77
|
| Total Expenses |
$100,715
|
$12.77
|
| Net Operating Income |
$401,441
|
$50.91
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $523,080 |
| Annual Per SF | $66.33 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $20,923 |
| Annual Per SF | $2.65 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $502,157 |
| Annual Per SF | $63.68 |
| Taxes (CAD) | |
|---|---|
| Annual | $86,795 |
| Annual Per SF | $11.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,921 |
| Annual Per SF | $1.77 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $100,715 |
| Annual Per SF | $12.77 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $401,441 |
| Annual Per SF | $50.91 |
Property Facts
| Price | $7,446,888 CAD | Apartment Style | Mid Rise |
| Price Per Unit | $1,861,722 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.39% | Building Size | 7,886 SF |
| Sale Conditions | Build to Suit | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.06 | No. Stories | 3 |
| No. Units | 4 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 1.01/1,000 SF |
| Property Subtype | Apartment |
| Price | $7,446,888 CAD |
| Price Per Unit | $1,861,722 CAD |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Sale Conditions | Build to Suit |
| Gross Rent Multiplier | 14.06 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 7,886 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.01/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Views
- Walk-In Closets
- Deck
- Dining Room
- Double Pane Windows
- Freezer
- Handrails
- Island Kitchen
- Vinyl Flooring
- Wet Bar
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4.5 | 2 | $11,251 CAD | 1,977 |
| 4+4 | 2 | $10,544 CAD | 1,925 |
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Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (83)
zoning
| Zoning Code | LARD1.5 (Residential) |
| LARD1.5 (Residential) |
-
Lauren Cearley -
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100% Leased Luxury West LA Fourplex | 1815 Barry Ave
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