Multi-Family

1851 S Barrington Ave

1851 S Barrington Ave, Los Angeles, CA 90025

Listing Price: $1,725,000

Lot Size
0.15 acres
Price/Acre
$11,576,182
Land Type
Redevelopment

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to present 1851 S Barrington Avenue, a premier 4 SLO or up to 8 unit apartment development opportunity in prime West Los Angeles, CA. This unique development opportunity is comprised of 6,491 SF of land zoned LARD1.5-1, allowing for a “By Right” 4-unit apartment project or 4 small lot single family homes. The site also falls under TOC Tier 3, allowing for a 45% density bonus or 8 total apartment units (including 1 affordable) along with reduced parking incentives, increased Floor Area Ratio, and a 30% reduction in an individual setback. A developer may also apply to change zoning to R3-1 for a total of 8 units. Because the project would result in less than 10 units, it would not be subject to Measure JJJ. The property is currently comprised of 5 units with a unit mix of (4) Studios and (1) 1 Bedroom / 1 Bathroom. The current building is 1,980 SF and was built in 1952. 1851 S Barrington Avenue has a prime location in the world-renowned West Los Angeles. Situated just North of the 10 Freeway one of Los Angeles’ most significant East West throughfares, 1851 S Barrington Avenue is surrounded by affluent neighborhoods, home to expensive residences, as well as numerous high profile office and residential developments. The subject property is uniquely positioned in one of the most connected areas in Los Angeles. Within short walking distance of the LA Expo Line, future residents will benefit from convenient accessibility to neighboring Santa Monica, and Culver City, Downtown Los Angeles, Hollywood, and Long Beach /South Bay.

Investment Highlights

  • A 4 SLO Home or 8 unit development opportunity
  • Pedestrian-Oriented Community allowing tenants to run daily errands without a car
  • Prime West Los Angeles Location

Exclusively Listed By

Listing Price: $1,725,000

Lot Size
0.15 acres
Price/Acre
$11,576,182
Land Type
Redevelopment

Investment Highlights

  • A 4 SLO Home or 8 unit development opportunity
  • Pedestrian-Oriented Community allowing tenants to run daily errands without a car
  • Prime West Los Angeles Location

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to present 1851 S Barrington Avenue, a premier 4 SLO or up to 8 unit apartment development opportunity in prime West Los Angeles, CA. This unique development opportunity is comprised of 6,491 SF of land zoned LARD1.5-1, allowing for a “By Right” 4-unit apartment project or 4 small lot single family homes. The site also falls under TOC Tier 3, allowing for a 45% density bonus or 8 total apartment units (including 1 affordable) along with reduced parking incentives, increased Floor Area Ratio, and a 30% reduction in an individual setback. A developer may also apply to change zoning to R3-1 for a total of 8 units. Because the project would result in less than 10 units, it would not be subject to Measure JJJ. The property is currently comprised of 5 units with a unit mix of (4) Studios and (1) 1 Bedroom / 1 Bathroom. The current building is 1,980 SF and was built in 1952. 1851 S Barrington Avenue has a prime location in the world-renowned West Los Angeles. Situated just North of the 10 Freeway one of Los Angeles’ most significant East West throughfares, 1851 S Barrington Avenue is surrounded by affluent neighborhoods, home to expensive residences, as well as numerous high profile office and residential developments. The subject property is uniquely positioned in one of the most connected areas in Los Angeles. Within short walking distance of the LA Expo Line, future residents will benefit from convenient accessibility to neighboring Santa Monica, and Culver City, Downtown Los Angeles, Hollywood, and Long Beach /South Bay.

Exclusively Listed By

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