2448 S Barrington Ave, Los Angeles, CA 90064

Studio-- baths3,960 sqft

Off Market
Zestimate®: $1,572,635
Rent Zestimate®: $2,899/mo
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My Notes

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Condominium Development or Easy to manage 4 unit apartment building. Two of the units have been remodeled. New roof, some plumbing upgrades. The property is located in the highly desirable West Los Angeles area, the property is 100% occupied. The favorable zoning R3 and it's West Los Angeles location make it a great candidate for condominium development. Estimate build 9 units at 1145 sq. ft. based on an area ratio of 13,500 gross sq. ft. Hold or develop, rents, land and condo prices have only appreciated in the West Los Angeles area. Upside potential in rents will bring the property to a 5% plus cap!

Facts

  • Lot: 6,621 sqft
  • Multi Family
  • Built in 1946

Other

  • Floor size: 3,960 sqft
  • Zillow Home ID: 2120491593

Zestimate Details

Zestimate
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$1,572,635
+$69,498 Last 30 days
$1.27M
$1.84M
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,899/mo
+$209 Last 30 days
$1.7K
$4.8K
Zestimate range
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Popularity on Zillow

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Neighborhood

Market guide

Zillow predicts Sawtelle home values will increase 0.8% next year, compared to a 2.6% increase for Los Angeles as a whole. Among Sawtelle homes, this home is valued 119.2% more than the midpoint (median) home, but is valued 21.9% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Sawtelle, the number of foreclosures waiting to be sold is 28% lower than in Los Angeles, and 6.8% greater than the national average. This lower local number could help Sawtelle home values rise more quickly than other regions in Los Angeles.

Learn more about forecast calculations or Sawtelle home values.
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    For Sale

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    Other Units in this Building (1)ZestimateBedsBathsSqft
    N/A$1.59M843,960

    Nearby Schools in Los Angeles

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org