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For Sale

$1,450,000

6,495 sqft$223/sqft46 days on market

1851 S Barrington Avenue

Los Angeles, CA 90025

ยท 8% down, 7% APR, 30yr fixed

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Beds

โ€”

Baths

6,495

Square feet

โ€”

Built

Listing narrative

Description

We are pleased to present a 6,492 SF development site located at 1851 S Barrington Ave in Los Angeles, California. The single lot is located in a prime West Los Angeles location, south of Santa Monica Boulevard and west of Sawtelle Boulevard. Positioned in prime West Los Angeles, this prime offering consists of a 6,492-square-foot LARD1.5-zoned lot with a five-unit bungalow-style property comprising of four (4) studio units and one (1) one-bedroom unit. The site offers a compelling ED1 redevelopment opportunity, supported by Seller-provided plans for 23 units that may potentially be reconfigured to accommodate up to 35-40 units of 100% affordable housing. The property benefits from convenient access to Santa Monica, Olympic, and Sawtelle boulevards, as well as the 405 and 10 freeways. Nearby amenities include Stoner Park, the Expo/Bundy Metro E Line station, and Sawtelle Japantown's vibrant collection of restaurants and shops, along with numerous retailers, fitness centers, cafes, and entertainment destinations. Overall, the property presents a compelling redevelopment opportunity with the possibility to reconfigure designs to build up to 35-40 units via ED1 in a prime West Los Angeles location, all while generating existing income as entitlements are being finalized.

Listing agent (MLS): Jason Tuvia ยท Listing brokerage (MLS): Marcus & Millichap

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,450,000

Beds

Beds n/a

Type

Land

Home Size

6,495 sqft

Baths

Baths n/a

Lot Size

0.15 acres

Year

Year n/a

Status

For Sale

Days on Market

46

$ / Sqft

$223

ยท 8% down, 7% APR, 30yr fixed
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Courtesy of Marcus & Millichap