6027 Barton Avenue, Los Angeles, CA, 90038

  • $2,025,000
  • $2,025,000
6027 Barton Avenue , Los Angeles, CA 90038
Active For Sale
6027 Barton Avenue , Los Angeles, CA 90038
  • $2,025,000
  • $2,025,000

Description

I am pleased to offer the opportunity to acquire 6027 Barton Avenue, an eight-unit apartment community located in prime Hollywood. As one of Los Angeles’ densely populated neighborhoods, this submarket’s popularity has grown significantly over the recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new ground-up development in the gentrifying area, Hollywood has been catering to young professionals, and hipsters alike in recent years. Barton Avenue is considered a “Walker’s Paradise” with a 95 Walk Score and is situated a short distance from highly desirable dining and entertaining options.Consisting of all one-bedroom units on a 6,500 square foot parcel, 6027 Barton Avenue has been well-maintained by current ownership. Current tenants are paying an average of $1,188, which is well below the market rents in the immediate area. An investor will have the opportunity to capture over 68% in rental upside through interior unit renovations.

  • Address 6027 Barton Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90038

Details

Updated on December 2, 2021 at 10:48 am
  • Property ID: 21109309
  • Price: $2,025,000
  • Land Area: 0.1492 Acres
  • Year Built: 1930
  • Property Type: Residential Income
  • Property Status: Active

Additional details

  • Zone: LAR3
  • Parking: Uncovered
  • Days On Market: 186
  • LotSize Dimensions: 50x130
  • LotSize SquareFeet: 6500.00
  • AssociationFee: 0.00

Features

Listed by

Marcus & Millichap
Agent Name : Sean Rosenzweig
Agent State License : 01406343

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