15-Unit Apartment
2680 S Barrington Ave, Los Angeles, CA 90064
For Sale
New
$4,600,000
Fully occupied residential property with one- and two-bedroom apartments and a completed soft-story seismic retrofit.
Property Size16,588 SF
Lot Size0.25 Acres
Days on Market6
Property Features for 2680 S Barrington Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
Listed By:
Eric Sackler · License CA #01057377
(310) 979-4990
Source:
Milsteinestates
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:18PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
In Los Angeles’ Mar Vista area, this 15-unit apartment property was built in 1972 and is fully occupied. Its unit mix comprises thirteen two-bedroom, two-bath apartments and two one-bedroom, one-bath apartments. The building has 14 parking spaces and sits on a 10,997 SF LAR3 lot. A mandatory soft-story earthquake retrofit has been completed.
The property is being offered for sale for the first time in more than 40 years. Current occupancy is 100%, with a 4.6% current cap rate and a pro forma cap rate of over 8.0% based on conservative market rents at turnover.
The property is being offered for sale for the first time in more than 40 years. Current occupancy is 100%, with a 4.6% current cap rate and a pro forma cap rate of over 8.0% based on conservative market rents at turnover.
Key Highlights
- 15 apartments: thirteen two‑bedroom, two‑bath units and two one‑bedroom, one‑bath units
- 14 parking spaces on a 10,997 SF LAR3 lot
- Built in 1972; mandatory soft‑story earthquake retrofit completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$266,914
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,338,280
$5.3M
Cap Rate 7%
$3,813,057
$3.8M
Cap Rate 9%
$2,965,711
$3.0M
Market Conditions
NOI Build-Up for 16,588 SF
Gross rent
$527.5K $31.80/SF
− Vacancy
−$42.2K −$2.54/SF
EGI
$485.3K $29.26/SF
− OpEx
−$218.4K −$13.17/SF
NOI
$266.9K $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%
$5,338,280
Cap Rate 7%
$3,813,057
Cap Rate 9%
$2,965,711
Alternative Uses
Best Use
Apartment 5plus
$3.81M
$3.34M – $4.45M
NOI $266,914 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.93M
$6.06M – $8.08M
NOI $484,798 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
15
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,841
Businesses Nearby
Explore this area
Business Placement
Demographics for 90064, CA
27,553
Population
12,897
Households
2.1
Avg Household Size
40
Median Age
71%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
7,447
Density / Sq Mi
$129,703
Median Household Income
$84,766
Median Earnings
$2,710
Median Rent
$1,746,800
Median Home Value
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Market
Average Price Trend$/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 - Fully occupied residential property with one- and two-bedroom apartments and a completed soft-story seismic retrofit.
Where is this apartment building located?
The property is located at 2680 S Barrington Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 15 apartments: thirteen two‑bedroom, two‑bath units and two one‑bedroom, one‑bath units; 14 parking spaces on a 10,997 SF LAR3 lot; Built in 1972; mandatory soft‑story earthquake retrofit completed
