6027-6029 Barton Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$1,550,000 USD
213-943-1897
6027-6029 Barton Ave, Los Angeles, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/11
null | 4.39% Cap Rate

6027-6029 Barton Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • With a 96 Walk Score, Barton is a Walker’s Paradise near Santa Monica Blvd, Paramount Studios, Netflix’s new office, Larchmont Village, and more
  • Located on a designated opportunity zone and may be eligible for preferential tax treatment
  • On-site parking with no seismic retrofit required
  • The property is situated on a 6,500 square foot lot, zoned LAR3-1XL within a Tier 2 TOC
  • 59 percent of rental upside through interior and exterior renovations
  • Spanish style property with lush landscaping and communal courtyard

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is 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 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.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

8

PRICE/UNIT

$193,750

CAP RATE

4.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Units in Hollywood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

LAR3

APN/PARCEL ID

5534-026-020

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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