2540 S Barrington Ave, Los Angeles, CA 90064

Property Description

We are pleased to present 2540 S Barrington Avenue, a 12- unit apartment building on Barrington Avenue in West Los Angeles. A qualified buyer may assume the existing Chase loan at 4.38%, fixed through 06/01/2029, subject to Chase's approval. Built in 1958, the two-story, wood-frame building holds ten one-bedroom and two two bedroom units, 6,535 square feet on an 8,257-square-foot lot, with a pool courtyard at its center.The property is registered under the Los Angeles Rent Stabilization Ordinance. In-place rents on the occupied units leave 19% upside to market rents as those units turn. The pool courtyard and West Los Angeles location support the tenant appeal of the ten one-bedroom and two two-bedroom units.Family ownership is documented since 1978. On the same street, 0.1 mile south, a renovated 610-square-foot one-bedroom was listed at $2,300 in April 2026 and came off the market in six days. The offering suits 1031 exchange buyers and private investors looking for West Los Angeles rental income with fixed-rate financing already in place.The property sits on Barrington Avenue in West Los Angeles, just south of the I-10 and steps from the restaurants at Gateway Boulevard. Whole Foods Market on National Boulevard is 0.5 mile away. Marukai Market on Pico Boulevard is 0.5 mile west, and the restaurant row of Sawtelle Japantown is 0.8 mile north. Richland Avenue Elementary is 0.1 mile from the front door.The Expo/Bundy station on the Metro E Line, which runs from Santa Monica to Downtown Los Angeles, is 0.6 mile away. Expo/Sepulveda is 0.7 mile. The I-10 runs just north of the property, and the I-405 interchange lies to the east. One Westside, Google's office campus at Pico and Westwood Boulevards, is 1.1 miles away. Century City is 2.5 miles. UCLA is 2.8 miles north, Culver City 2.8 miles east, and Los Angeles International Airport 6.4 miles south.Besides the renovated unit on Barrington Avenue, one-bedrooms in 1950s and 1960s apartment buildings within 1.5 miles came off the market at $1,995 to $2,240 between April and September 2026. Two-bedrooms in buildings of the 1940s and 1950s came off the market at $2,495 to $2,995.