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MARKETING PRESENTATION
4 Units + 1 in West Los Angeles 2479 Barry Avenue, Los Angeles, CA 90064
Prosser Stevens Real Estate Investments 2701 Ocean Park Blvd. Suite 140 Santa Monica, CA 90405
[email protected] (310) 482-2209 www.ProsserStevens.com
OFFERING HIGHLIGHTS: Great location near Santa Monica, Brentwood and Mar Vista
10-minute walk to Bundy/Expo Metro Line station (in development)
Beautifully remodeled with wood-laminate floors and bright kitchens
(2) single car garages & approx. (3) off-street parking spaces
Brick fireplaces
Approximately 20% upside in rents!
1. PROPERTY ANALYSIS
Property Summary
Financial Overview
Rent Roll Overview
2. PROPERTY INFORMATION
Property Location Map
Property Photos
Property Plat Map
3. COMPARABLES
Sales Comparables
Sales Comparables Map
Rent Comparables
Rent Comparables Map
CONTENTS
PROPERTY SUMMARY
Property Description
Units 4 Building SF 3,405
Cross Streets Gateway Blvd & Ayres Ave Parcel Number 4260-032-047
Market West Los Angeles Building (1) 2-Story Building
Year Built 1975 Zoning Type LARD1.5
Parking (3) parking spaces (2) single car garages
Utilities Separately metered electricity/ gas
Property Prosser Stevens Real Estate Investments proudly presents the exclusive listing of 2479 Barry Avenue. The subject property is a 4-unit building with a non-conforming 5th unit on a 3,177 sq.ft. lot. Four out of five units are beautifully remodeled with wood-laminate floors, bright kitchens and tiled floor baths. The roof was replaced in 2013. There are (2) single car garages and (3) off-street parking spaces. Each unit is individually metered for electricity and gas. There are (2) 2 bedroom, 2 bath, (1) 1 bedroom, 1 bath and (2) studio apartment units.
Area The subject property 2479 Barry Avenue is located in West Los Angeles conveniently near the I-10 and the I-405 and the neighborhoods of Santa Monica, Brentwood and Mar Vista. The property is south of Pico and east of Barrington and just a 10-minute walk to the Bundy/Expo Metro Line station.
Property Highlights
FINANCIAL SUMMARY Listed @ $1,100,000
RENT ROLL
PROPERTY LOCATION
2479 Barry Ave, Los Angeles, CA 90064
PROPERTY PHOTOS
PROPERTY PHOTOS
PROPERTY PHOTOS
PARCEL MAP
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$899,000 3 1,777 $505.91 @299,667 N/A N/A
Year Built: 1942 Unit Mix: (3) 1+1 Active
SALES COMPARABLES
Sale Comp A: 2467 Barry Ave, Los Angeles, 90064
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$1,250,000 4 3,748 $333.51 $312,5000 N/A 6.1%
Year Built: 1965 Unit Mix: (2) 3+2, (1) 2+2, (1) 1+1 Active
Sale Comp B: 3753 Veteran Ave, Los Angeles, 90034
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$1,260,000 4 3,093 $407.37 $315,000 N/A 2.1%
Year Built: 1954 Unit Mix: (2) 2+1, (2) 1+1 Closed on 3/6/2014
Sale Comp C: 1846 Stoner Ave, Los Angeles, 90025
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$1,700,000 5 4,348 $390.98 $340,000 N/A 5.2%
Year Built: 1961 Unit Mix: (2) 2+1.5, (2) 0+1 Closed on 7/29/2013
SALES COMPARABLES
Sale Comp D: 1930 Holmby Ave, Los Angeles, 90025
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$1,780,000 5 5,756 $309.24 $356,000 12.52 3.6%
Year Built: 1963 Unit Mix: (1) 3+2, (1) 2+2, (2) 2+1.5, (1) 2+1 Closed on 9/19/2013
Sale Comp E: 2231 Virginia Ave, Santa Monica, 90404
SALE PRICE UNITS BLDG S.F. PRICE S.F. PRICE / UNIT GRM CAP
$1,150,000 4 2,654 $433.31 $287,500 18.68 3.5%
Year Built: 1955 Unit Mix: (1) 2+1, (3) 1+1 Closed on 1/14/2014
Sale Comp F: 11956 Walnut Ln, Los Angeles, 90025
SALES COMPARABLES MAP
Subject Property: 2479 Barry Ave
A. 2467 Barry Ave
B. 3753 Veteran Ave
C. 1846 Stoner Ave
D. 1930 Holmby Ave
E. 11956 Walnut Ln
• A
• B
• C
• D
• E
RENT SURVEY
RENT BED BATH
$1,595 1 1
RENT COMP A: 2445 Barrington Ave
RENT BED BATH
$1,600 1 1
RENT COMP B: 3101 Barrington Ave
RENT BED BATH
$2,200 2 2
RENT COMP C: 11373 Pearl St
RENT BED BATH
$2,495 2 2
RENT COMP D: 2669 Barrington Ave
RENT COMPARABLES MAP
Subject Property: 2479 Barry Ave
A. 2445 Barrington Ave
B. 3101 Barrington Ave
C. 11373 Pearl St
D. 2669 Barrington Ave
• D
• A
• B
• C
Prosser Stevens Real Estate Investments
310.482.2209
www.ProsserStevens.com
310.861.1175 FAX
