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Multifamily

6027 Barton Ave

6027 Barton Ave, Los Angeles, CA 90038

Listing Price: $2,025,000

Cap Rate
2.84%
Number of Units
8
Price/Unit
$253,125
Price/Gross SF
$319.75
Gross SF
6,333

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is 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.

Investment Highlights

  • With a 95 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 in a Designated Opportunity Zone and May Be Eligible for Preferential Tax Treatment
  • The Property is Situated on a 6,500 Square Foot Lot, Zoned LAR3-1XL within a Tier 1 TOC
  • Over 68 Percent of Rental Upside Through Interior and Exterior Renovations

Exclusively Listed By

Financing By

Multifamily

6027 Barton Ave

Listing Price: $2,025,000

Cap Rate
2.84%
Number of Units
8
Price/Unit
$253,125
Price/Gross SF
$319.75
Gross SF
6,333

Investment Highlights

  • With a 95 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 in a Designated Opportunity Zone and May Be Eligible for Preferential Tax Treatment
  • The Property is Situated on a 6,500 Square Foot Lot, Zoned LAR3-1XL within a Tier 1 TOC
  • Over 68 Percent of Rental Upside Through Interior and Exterior Renovations

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is 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.

Exclusively Listed By

Financing By

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