1421 & 1427 BARRY AVE 2 Multifamily Properties in Los Angeles, CA

The Neema Group of Marcus & Millichap and Mission Capital Advisors are pleased to present an REO sale of 1421 & 1427 Barry Avenue, a student housing/co-living investment opportunity in prime West LA located between Wilshire Boulevard & Santa Monica Boulevard.
Consisting of two (2) adjacent buildings totaling 18 units and 56 beds, the property was converted from traditional multifamily units to co-living suites in 2022 and fully renovated with a private refrigerator and freezer, Samsung Smart TV’s, European-style cabinetry, vinyl plank flooring, en-suite bathrooms, recessed lighting, individual A/C and heat controls, stainless steel appliances, smart locks, shared in-unit washers and dryers, and many units have private balconies; all units are fully furnished.
The subject properties have been occupied by Kaplan International, a foreign student exchange program and subsidiary of the Graham Holdings Company, on a month-to-month master lease. Currently, Kaplan occupies 79% of the bed spaces and is in the process of reducing their occupancy to 63% and extending the lease 1-2 years, presenting an opportunity to a buyer to acquire and rent the remaining 37% of the beds at market rates. Upon execution of the proposed lease amendment, Kaplan will be paying $82,353 per month, approximately $2,350 - $2,363 per bed space.
The subject properties are located less than three miles from UCLA, and minutes from employment hubs such as Brentwood, Century City, Beverly Hills, Santa Monica, and Culver City, and walking distance to the West LA VA Medical Center.
The loan converted to an REO via a deed-in-lieu on 10/3/2025. Please contact the agents for additional details on pricing and offer guidelines.
*Buyer to verify legal bedroom and bathroom count including recent conversions. Marcus & Millichap and Mission Capital Advisors have not made any investigation and makes no warranty or representation with respect to the presented bedroom and bathroom count. The information contained herein is not a substitute for a thorough due diligence investigation.