Log In/Sign Up
Your email has been sent.
24u Prime Mar Vista | Value Add w/Rent Upside 3144-3152 S Barrington Ave 24 Unit Apartment Building $10,976,975 CAD ($457,374 CAD/Unit) 5.10% Cap Rate Los Angeles, CA 90066
Investment Highlights
- 24 units in West Los Angeles’ highly desirable submarket of Mar Vista
- 5.1% cap rate on in-place rents; 6.2% cap rate at market
- Walk to A-rated Mar Vista Elementary, The Hive, Lazy Daisy Café, Chipotle, Robek’s, YAMA Sushi Marketplace, and Lazy Acres Natural Market (Fall 2026)
- Value-add investment opportunity with approximately 17% upside in rent
- Charming 1950s construction
Executive Summary
OM: https://properties.berkadia.com/3144-3152-south-barrington-avenue-488012/
Berkadia is excited to exclusively offer for sale, 3144 & 3152 S. Barrington Avenue, a charming 24-unit apartment community in West LA’s prime Mar Vista neighborhood. The courtyard-style community features bright and airy units with charming details, hardwood floors, built-ins and ample closet space. The community is centered around a sparkling swimming pool and offers gated access, on-site laundry facilities, and 24 parking spaces (20 garage; 4 exterior). Built in 1953, this value-add investment opportunity offers approximately 17% in rental upside, with a 4.9% cap rate on the current rent roll and a 6.2% cap rate at market.
The property is walking distance to A-rated Mar Vista Elementary School, The Hive, Lazy Daisy Café, Chipotle, Robek’s, Yama Sushi Marketplace and the Future Lazy Acres Natural Market (Coming Fall 2026). The Grandview/Venice Hub with Numerous Restaurants, Cafes, and Local Retailers is within minutes. The location offers easy access to the 10 Freeway, and 6 Minutes to the Expo Line (Expo/Bundy station).
Berkadia is excited to exclusively offer for sale, 3144 & 3152 S. Barrington Avenue, a charming 24-unit apartment community in West LA’s prime Mar Vista neighborhood. The courtyard-style community features bright and airy units with charming details, hardwood floors, built-ins and ample closet space. The community is centered around a sparkling swimming pool and offers gated access, on-site laundry facilities, and 24 parking spaces (20 garage; 4 exterior). Built in 1953, this value-add investment opportunity offers approximately 17% in rental upside, with a 4.9% cap rate on the current rent roll and a 6.2% cap rate at market.
The property is walking distance to A-rated Mar Vista Elementary School, The Hive, Lazy Daisy Café, Chipotle, Robek’s, Yama Sushi Marketplace and the Future Lazy Acres Natural Market (Coming Fall 2026). The Grandview/Venice Hub with Numerous Restaurants, Cafes, and Local Retailers is within minutes. The location offers easy access to the 10 Freeway, and 6 Minutes to the Expo Line (Expo/Bundy station).
Property Facts
| Price | $10,976,975 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $457,374 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.61 AC |
| Cap Rate | 5.10% | Building Size | 19,868 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Zoning | R3, Los Angeles | ||
| Price | $10,976,975 CAD |
| Price Per Unit | $457,374 CAD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 19,868 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 600 |
| 2+1 | 10 | - | 1,000 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4250-009-020 | Improvements Assessment | $2,646,642 CAD |
| Land Assessment | $4,694,716 CAD | Total Assessment | $7,341,358 CAD |
Property Taxes
Parcel Number
4250-009-020
Land Assessment
$4,694,716 CAD
Improvements Assessment
$2,646,642 CAD
Total Assessment
$7,341,358 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
24u Prime Mar Vista | Value Add w/Rent Upside | 3144-3152 S Barrington Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.