24 Units in Prime Mar Vista | Value Add
Walk to Mar Vista Elementary School, The Hive, Lazy Daisy Café, Chipotle, and more
Marketing description
PROPERTY WEBSITE with 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 and 4 exterior). Built in 1953, this value-add investment opportunity offers approximately 17% in rental upside, with a 5.1% cap rate on the current rent roll and a 6.2% cap rate at market.
The property is walking distance to 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).
Investment highlights
PROPERTY WEBSITE with OM: https://properties.berkadia.com/3144-3152-south-barrington-avenue-488012/
24 units in West Los Angeles’ highly desirable submarket of Mar Vista
Value-add investment opportunity with approximately 17% upside in rent
5.1% cap rate on in-place rents; 6.2% cap rate at market
Charming 1950s construction
Walk 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)
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