6027 Barton Avenue, Los Angeles, CA 90038
List Price: $1.45M
Listing Status: Hold
Original List Price: $1.55M
0Days on Market: 224
8 Bedrooms · 8 Bathrooms · 6,333 sq ft
Property Type: ResidentialIncome
Year Built: 1930
Lot Size: 6,500 sq ft
MLS Number: 25575499
About This Property
We are 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 55% 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.
Listing provided by: Sean Rosenzweig DRE #01406343 310-909-5500 thesrgroup@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 25575499