Multifamily

6036-6038 Barton Avenue

6036 Barton Ave, Los Angeles, CA 90038

Listing Price: $1,550,000

Cap Rate
4.70%
Number of Units
5
Price/Unit
$310,000
Price/Gross SF
$397.23
Gross SF
3,902

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer the opportunity to acquire 6036-6038 Barton Avenue, a five-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 94 Walk Score and is situated a short distance from highly desirable dining and entertaining options. Consisting of three buildings on a 6,499 square foot parcel, the property comprises two single story, cottage style one-bedroom units and three three-bedroom units. Barton Avenue has been well-maintained and with three out of five units being delivered vacant, new ownership will have the opportunity to renovate and achieve additional rental premiums immediately. 6036-6038 Barton Avenue provides investors a rare buying opportunity to acquire a value-add opportunity and enter a rapidly improving neighborhood.

Investment Highlights

  • With a 94 Walk Score, "Walker's Paradise," Barton is Located Within Walking Distance to Santa Monica Boulevard, Paramount Studios, the New Netflix 100,000+ SF Office Space, Larchmont Village and More
  • Located on a Designated Opportunity Zone and May Be Eligible for Preferential Tax Treatment
  • The Property is Situated on a 6,499 Square Foot Lot, Zoned LAR3-1XL within a Tier 1 TOC
  • Three Units Will Be Delivered Vacant, Allowing New Ownership to Immediately Renovate and Re-Tenant the Property
  • 6036- 6038 Barton Features Single Story Cottage Style Units with Private Yards, Washer/Dryer Hook-Ups and Individual Water Heaters – Ideal for the Work From Home Renter in Today's Market

Exclusively Listed By

Listing Price: $1,550,000

Cap Rate
4.70%
Number of Units
5
Price/Unit
$310,000
Price/Gross SF
$397.23
Gross SF
3,902

Investment Highlights

  • With a 94 Walk Score, "Walker's Paradise," Barton is Located Within Walking Distance to Santa Monica Boulevard, Paramount Studios, the New Netflix 100,000+ SF Office Space, Larchmont Village and More
  • Located on a Designated Opportunity Zone and May Be Eligible for Preferential Tax Treatment
  • The Property is Situated on a 6,499 Square Foot Lot, Zoned LAR3-1XL within a Tier 1 TOC
  • Three Units Will Be Delivered Vacant, Allowing New Ownership to Immediately Renovate and Re-Tenant the Property
  • 6036- 6038 Barton Features Single Story Cottage Style Units with Private Yards, Washer/Dryer Hook-Ups and Individual Water Heaters – Ideal for the Work From Home Renter in Today's Market

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer the opportunity to acquire 6036-6038 Barton Avenue, a five-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 94 Walk Score and is situated a short distance from highly desirable dining and entertaining options. Consisting of three buildings on a 6,499 square foot parcel, the property comprises two single story, cottage style one-bedroom units and three three-bedroom units. Barton Avenue has been well-maintained and with three out of five units being delivered vacant, new ownership will have the opportunity to renovate and achieve additional rental premiums immediately. 6036-6038 Barton Avenue provides investors a rare buying opportunity to acquire a value-add opportunity and enter a rapidly improving neighborhood.

Exclusively Listed By

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