Brentwood Multifamily Remodel
1606 Barry, Los Angeles, CA 90025
For Sale
$3,649,950
Multifamily property with remodel potential in Brentwood neighborhood.
Property Size6,632 SF
Price / SF$550.35
Days on Market239
Property Features for 1606 Barry
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group of California Inc.
Listed By:
Daniel Corcoran · License CA #00451125
(310) 435-9106
Source:
Truthrealty
Added: Mar 22
Changed: Nov 5
Last Checked: Nov 14 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Group of California Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property, consisting of eight units, presents a remodel opportunity to meet Brentwood rental market standards. Seven of the eight units are currently vacant, with some having undergone partial remodeling. The building features copper piping and a roof that is approximately 10 years old. The property is located within walking distance of Brentwood's restaurants and nightlife. The property has a size of 6632 square feet.
Key Highlights
- Significant upside potential in rents
- Seven of eight units vacant, presenting a great remodel opportunity
- Great remodel opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,714
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,134,280
$2.1M
Cap Rate 7%
$1,524,486
$1.5M
Cap Rate 9%
$1,185,711
$1.2M
Market Conditions
NOI Build-Up for 6,632 SF
Gross rent
$210.9K $31.80/SF
− Vacancy
−$16.9K −$2.54/SF
EGI
$194.0K $29.26/SF
− OpEx
−$87.3K −$13.17/SF
NOI
$106.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,134,280
Cap Rate 7%
$1,524,486
Cap Rate 9%
$1,185,711
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,714 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,826 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,624
Businesses Nearby
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Business Placement
Demographics for 90025, CA
45,466
Population
24,965
Households
1.8
Avg Household Size
36
Median Age
70%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
17,487
Density / Sq Mi
$104,627
Median Household Income
$70,713
Median Earnings
$2,465
Median Rent
$1,081,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with remodel potential in Brentwood neighborhood.
Where is this apartment building located?
The property is located at 1606 Barry Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,649,950.
What are key features of this property?
This property features: Significant upside potential in rents; Seven of eight units vacant, presenting a great remodel opportunity; Great remodel opportunity
