Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
$1,550,000
We are pleased to present the opportunity to acquire 6027 Barton Avenue, an eight-unit apartment community located in the heart of Hollywood. Ideally situated just south of Santa Monica Boulevard and east of Vine Street, the property lies in one of Los Angeles' most densely populated neighborhoods. Residents enjoy easy… Read More access to Hollywood's dynamic nightlife, trendy retail and coffee shops, and an array of entertainment options. Comprised entirely of one-bedroom units, 6027 Barton Avenue has been well-maintained by the current ownership and offers significant value-add potential. With 59% remaining rental upside through unit renovations, a new owner can capitalize on the ongoing gentrification of the area and position the property for strong future returns. An additional benefit is the property's development flexibility. Situated on a 6,500-square-foot lot zoned LAR3-1XL within a Tier 2 TOC, the site offers potential for future redevelopment. The asset is clean, well-managed, and exhibits minimal deferred maintenance reflecting attentive ownership. With its prime Hollywood location, development upside, and value-add opportunity, 6027 Barton Avenue represents a compelling acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. Read Less
Listing Snapshot
Days Online
23
Last Updated
Property Type
Other
Beds
8
Square Ft.
6,333
Lot Size
0.15 Acres
Year Built
1930
MLS Number
25575499
30 Days Snapshot Of 90038
$900k
+6%
(avg) sold price
2
0%
homes sold
70
-23%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1930, Building area total: 6,333, Levels: Two, Living area: 6333, 2 stories, 1 building
Income
Gross income: $130,081, Net operating income: $68,049
Lot
0.1492 acres, 6,500 square feet, Size: 6,500
Parking
5 totals parking, None
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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