Description

Now priced for immediate acquisition, 1288 Barry Avenue presents a rare opportunity to secure a high-potential Westside asset featuring an uncommonly large unit mix. Unlike the typical small-unit inventory in this submarket, the building is comprised of two expansive 4-bedroom/3-bathroom units, three 3-bedroom/2-bathroom units, and one bachelor (6 units total). The property is delivered with three vacancies, including a premier, street-facing 3-bedroom/2-bathroom "owner’s unit" that is bright, clean and ready for move-in. Professionally managed and exceptionally stable, the building is equipped with its soft-story retrofit, five parking spaces, on-site laundry, and separate metering for gas and electricity. This offering represents a unique "blank canvas" for an investor to capture immediate market-rate growth or for an owner-user to occupy a signature residence while collecting income. Strategically positioned one block from Wilshire and Barrington, the property sits at the center of significant institutional-grade investment and unrivaled lifestyle amenities. Its proximity to UCLA makes it an ideal candidate for high-end student housing, while its central location offers seamless access to the employment hubs of Silicon Beach and the Westside. Residents are just minutes away from the premier dining and retail corridors of Brentwood, Santa Monica, Sawtelle, and Westwood. With its turnkey infrastructure and superior unit sizes—rarely seen in buildings of this size—1288 Barry is a standout investment in one of Los Angeles' most resilient and sought-after rental markets. The building generates an additional ~$150/month laundry and $150/month leasing the extra parking spot.