Barry Avenue Apartments
1443 Barry Avenue, West Los Angeles, CA

1443 Barry Avenue is located in one of the most sought after locations on the popular West Side. The property’s ‘North of Santa Monica Boulevard’ ‘South of Wilshire’ address benefits from the prestigious communities of nearby Brentwood and Santa Monica, while Westwood Village is just two miles further east. Although clearly positioned toward the luxury end of the scale, 1443 Barry shares the same basic economic attributes that characterize all of our acquisitions, which is to say that the units can command substantially higher rents following a modest upgrading investment.

These are exceptionally large units by any standard: the two-bedroom, two bath units average 1250 square feet, while the 3BR, 3BA units are 1,530 square feet each. Substantially smaller apartments on Barry Avenue are currently achieving rents 60% higher. Constructed in 1986, this complex features an attractive entry lobby with Spanish pave floors, Mediterranean architecture with tiled roofs, and large exterior windows. The property is a three-story structure over one level of parking. Built around an exceptional interior courtyard, the entire complex benefits from mature and well maintained landscaping.

All units offer central air conditioning, dishwashers, microwaves, and fireplaces. Another much sought after amenity throughout the Los Angeles area is ample, secure parking. 1443 Barry offers two spaces for each unit. This makes the complex competitive with many of the high-end condominium units that are common in this locale. Last, the property features a tiled entry that sets the appropriate tone for an apartment community of this caliber. In all, these condominium-sized units offer great appeal to the affluent renter, and allow the amenity package consistent with significantly higher rents. As the Barry apartments are exempt from the Los Angeles Rent Control Ordinance, we anticipate an enhanced rent roll well within our projected three-year holding period.