Description

THE OPPORTUNITY: THERE WILL NOW BE 3 VACANCIES AT CLOSING! 1734 Barry Ave offers investors a rare chance to acquire a stabilized, cash-flowing asset with clear, measurable upside in one of the Westside's most desirable rental pockets. With current rents approximately 24% below market, the property presents a classic value-add scenario that can be executed incrementally, without the risk or timeline of a heavy repositioning. This is a familiar and manageable asset class featuring a majority of studio and one-bedroom units and is ideal for an investor with a long-term horizon seeking durable yield in a high- barrier submarket. It's a strong fit for those focused on steady cash flow and future appreciation. THE PROPERTY: Built in 1961, 1734 Barry Ave is an 8-unit building totaling 5,514 square feet. It sits on a 6,859 square foot R3-zoned lot in a quiet pocket of West Los Angeles. The unit mix includes (3) studios, (3) one-bedrooms, (1) two-bedroom, one-bath, and (1) two-bedroom, two-bath units - layouts that consistently appeal to the Westside's tenant base. While the property retains its original mid-century character, several units have been modestly upgraded, and 50% of the units are already achieving strong in-place rents, demonstrating solid income potential without full renovation. The building includes five on-site parking spaces, is not subject to Measure ULA, and presents as a clean, well-located asset with meaningful upside. As units turn, investors have the opportunity to reposition the asset and maximize cash flow in one of L.A.'s most competitive rental corridors.