5933 Barton Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$1,915,000 USD
707-815-7472
5933 Barton Ave, Los Angeles, CA for Sale
$1,915,000 USD
Apartments - FOR SALE
1/22
null | 5.35% Cap Rate

5933 Barton Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • 7-Unit Investment Opportunity in Hollywood
  • 3 Units with Section 8 Vouchers
  • Premier Hollywood Location
  • Over 36% Upside in Rents
  • ± $2,181 Average Rent Per Unit
  • (2) One Bedrooms (5) Two Bedrooms

OVERVIEW

The Boyett Team is thrilled to offer an exclusive opportunity to acquire 5933 Barton Avenue, a well maintained 7-unit opportunity located in the highly desired Hollywood market. Built in 1964, this property has been meticulously maintained. 5933 Barton Avenue contains a blended unit mix of two (1) one-bedroom one-bathroom units, and five (5) two-bedroom two-bathroom units. The subject property has three units with Section-8 vouchers. Nestled between Santa Monica Blvd and the Hollywood Forever Cemetery, this prime location offers tenants access to the vibrant heart of Hollywood and beyond. Tenants of 5933 Barton Avenue will find themselves with no shortage of things to do, with exciting nightlife, exquisite dining options, daily essentials, and diverse retail experiences within close proximity. 5933 Barton Avenue offers a rare opportunity to acquire a value add, cash-flowing asset, located within one of the most sought-after rental markets in Los Angeles. This investment opportunity is poised for long-term appreciation while also immediately providing investors with steady cash flow.

FOR SALE DETAILS

PRICE

$1,915,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

7

PRICE/UNIT

$273,571

CAP RATE

5.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,504 SF

ZONING

R4-2

APN/PARCEL ID

5534-025-019

ASK ABOUT THIS PROPERTY

John BoyettCBRE Boyett TeamMore Info
707-815-7472

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John BoyettCBRE Boyett TeamMore Info
707-815-7472

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.