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    1815 Barry Ave Los Angeles, CA 90025

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    Claim this Listing
    New
    For Sale
    $5,650,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    7,977 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $708/SF
    Added:
    May 4, 2026
    Days on Market:
    2
    Last Refresh:
    May 5 at 7:06 am

    Property Features for 1815 Barry Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    LARD1.5
    Bedrooms
    16
    Bathrooms
    18
    Rooms
    Bathroom 20, Bathroom 5, Bathroom 16, Bedroom 4, Bedroom 8, Bathroom 12, Bathroom 13, Bathroom 10, Bathroom 1, Bedroom 9, Bedroom 6, Bedroom 2, Bathroom 6, Bathroom 11, Bedroom 12, Bedroom 13, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 17, Bedroom 16, Bathroom 18, Bedroom 15, Bathroom 19, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 9, Bathroom 14, Bathroom 7, Bedroom 10, Bedroom 11, Bathroom 8, Bedroom 14, Bathroom 15
    Parking
    8
    Parking features
    Gated
    Interior features
    Turnkey, High Ceilings (9 Feet+)
    Standard status
    Active
    APN
    4262-021-004
    Size
    7,977 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2024
    Floors in Building
    3
    Number of units
    4

    We can help!

    Listing Contact
    Daniel Joonmo Phai

    Listing agent Daniel Joonmo Phai License #02225985

    Listing office Keller Williams Beverly Hills 439 N Canon Dr. Suite 300, Beverly HIlls, CA

    Listing date May 4, 2026

    MLS# 26827967 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Fourplex in Prime Location

    The property at 1815 Barry Ave, Los Angeles, CA 90025, presents an opportunity to acquire a newly constructed, fully leased fourplex in the Sawtelle neighborhood. The property is a premium asset consisting of four expansive 4-bedroom, 4.5-bath tri-level townhome-style units, each designed with modern layouts, high-end finishes, and natural light. All units are currently leased, providing immediate, stable cash flow. Each residence features open-concept living areas, designer kitchens with marble countertops, stainless steel appliances, and rooftop decks with panoramic 360-degree city views. The property includes owned solar panels. Additional features include 8 parking spaces and separate utility metering. The four-unit property qualifies for conventional residential financing. Located steps from Sawtelle Blvd's 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. The lot size is 0.1365 acres, and the property size is 7977 square feet. The zoning is LARD1.5. It is ideal for a 1031 exchange.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.451728
    Latitude
    34.039968

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    FAQs

    What type of property is this?
    Quadplex - Newly built, fully leased fourplex in desirable Sawtelle neighborhood.
    Where is this quadplex located?
    The property is located at 1815 Barry Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $5,650,000.
    What are key features of this property?
    This property features: Newly constructed fourplex in highly desirable Sawtelle location.; Fully leased with immediate, stable cash flow and a 5.0% plus cap rate, ideal for a 1031 exchange.; Each unit is a spacious 4‑bedroom, 4.5‑bath tri‑level townhome with high‑end finishes and exceptional natural light.
    (818) 584-2937
    We can help!
    Listing Contact
    Daniel Joonmo Phai
    Real Estate License ID: 02225985
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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