We are pleased to present the REO sale of 1427 Barry Avenue, a turnkey student housing investment opportunity located in prime West Los Angeles between Wilshire Boulevard and Santa Monica Boulevard. Originally traditional multifamily, the property was converted in 2022 to fully furnished co-living suites and extensively renovated with modern finishes and amenities. Renovations include en-suite bathrooms, European-style cabinetry, vinyl plank flooring, stainless steel appliances, private refrigerators and freezers, Samsung Smart TVs, recessed lighting, individual HVAC controls, smart locks, shared in-unit washers and dryers, and private balconies in select units. All suites are delivered fully furnished. The asset includes 9 parking spaces that are currently underutilized, offering additional income upside. Ideally positioned less than three miles from UCLA and within minutes of major employment hubs including Brentwood, Century City, Beverly Hills, Santa Monica, and Culver City. The property is also within a mile of the West Los Angeles VA Medical Center. The location is approximately one mile from the Metro E (Expo) Line, with convenient access to multiple bus lines along Barrington Avenue and Santa Monica Boulevard. Major retail amenities and dining options are along Wilshire and Santa Monica Boulevards.
Listed by Neema Ahadian with Marcus & Millichap (310) 909-5500
Quick Facts
Property Type
Residential Income
Status
Active
MLS Number
26656311
Year Built
1968
Lot Size
7,000 sq ft
Property Type
Residential Income
Status
Active
MLS Number
26656311
Year Built
1968
Lot Size
7,000 sq ft
Property Highlights
Details
1427 Barry Avenue, Los Angeles, California 90025 - $4,625,000 | Allan Real Estate Investments