Multi-Family
1851 S Barrington Ave
1851 S Barrington Ave, Los Angeles, CA 90025
Listing Price: $1,800,000
Investment Overview
Marcus and Millichap is pleased to present a 6,492 SF lot development site located at 1851 S Barrington Avenue in Los Angeles, California. The single lot is located in a prime West LA location, south of Santa Monica Boulevard and west of Sawtelle Boulevard.
Located in the heart of West Los Angeles, this prime offering features a 6,492 SF LARD1.5-zoned lot with an existing 5-unit bungalow-style property comprised of four (4) studios and one (1) one-bedroom unit. The site presents an ideal ED1 redevelopment opportunity, with seller-provided designs for 23 units (potential to be reconfigured to 30 units) of 100% affordable housing. The property offers dominant access to Santa Monica, Olympic, and Sawtelle Boulevards, with immediate connectivity to the 405 and 10 freeways. Nearby amenities include Stoner Park, the Expo/Bundy Metro E Line station, and the vibrant Sawtelle Japantown corridor, along with major retailers, fitness, dining, and entertainment options.
Overall, the property represents a compelling redevelopment opportunity with the possibility to reconfigure designs to build up to 30 units via ED1 in a prime West Los Angeles location, all while generating existing income as entitlements are being finalized.
1851 S Barrington Ave
Investment Highlights
- Prime West LA Location
- Existing 5-Unit Structure Totaling 1,980 SF— Four (4) Studios and One (1) One-Bedroom Unit
- Ideal ED1 Development
- Seller Has Designs for 100% Affordable Housing with 23 Units (With Possibility to be Reconfigured to 30 Units Via ED1)
- TOC Tier 3 Benefits
- 6,492 SF Lot Zoned LARD1.5
- Bungalow-Style Units
- Steps Away From Sawtelle Japantown - Easy Access to Diverse Asian Eateries (Such as Tatsu Ramen and Seoul Tofu), Unique Shops (Daiso and Nijiya Market), and Lively Atmosphere
Exclusively Listed By
Financing By
Listing Price: $1,800,000
Investment Highlights
- Prime West LA Location
- Existing 5-Unit Structure Totaling 1,980 SF— Four (4) Studios and One (1) One-Bedroom Unit
- Ideal ED1 Development
- Seller Has Designs for 100% Affordable Housing with 23 Units (With Possibility to be Reconfigured to 30 Units Via ED1)
- TOC Tier 3 Benefits
- 6,492 SF Lot Zoned LARD1.5
- Bungalow-Style Units
- Steps Away From Sawtelle Japantown - Easy Access to Diverse Asian Eateries (Such as Tatsu Ramen and Seoul Tofu), Unique Shops (Daiso and Nijiya Market), and Lively Atmosphere
Investment Overview
Marcus and Millichap is pleased to present a 6,492 SF lot development site located at 1851 S Barrington Avenue in Los Angeles, California. The single lot is located in a prime West LA location, south of Santa Monica Boulevard and west of Sawtelle Boulevard. Located in the heart of West Los Angeles, this prime offering features a 6,492 SF LARD1.5-zoned lot with an existing 5-unit bungalow-style property comprised of four (4) studios and one (1) one-bedroom unit. The site presents an ideal ED1 redevelopment opportunity, with seller-provided designs for 23 units (potential to be reconfigured to 30 units) of 100% affordable housing. The property offers dominant access to Santa Monica, Olympic, and Sawtelle Boulevards, with immediate connectivity to the 405 and 10 freeways. Nearby amenities include Stoner Park, the Expo/Bundy Metro E Line station, and the vibrant Sawtelle Japantown corridor, along with major retailers, fitness, dining, and entertainment options. Overall, the property represents a compelling redevelopment opportunity with the possibility to reconfigure designs to build up to 30 units via ED1 in a prime West Los Angeles location, all while generating existing income as entitlements are being finalized.
Exclusively Listed By
Financing By
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