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Seller Financing Available 6027-6029 Barton Ave 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 4.41% Cap Rate Los Angeles, CA 90038
INVESTMENT 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
- On-site parking with no seismic retrofit required
- 59 percent of rental upside through interior and exterior renovations
- 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 2 TOC
- Spanish style property with lush landscaping and communal courtyard
EXECUTIVE SUMMARY
Seller Financing Available - Contact Listing Team for Details. 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.
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.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.41% | Building Size | 6,333 SF |
| Gross Rent Multiplier | 11.53 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1930 |
| Property Type | Multifamily | Parking Ratio | 0.79/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 4.41% |
| Gross Rent Multiplier | 11.53 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,333 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 0.79/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Eat-in Kitchen
- Hardwood Floors
- Den
- Dining Room
- Family Room
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Walking/Biking Trails
- Multi Use Room
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 791 |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 5534-026-020 | Improvements Assessment | $557,756 |
| Land Assessment | $1,673,277 | Total Assessment | $2,231,033 |
PROPERTY TAXES
Parcel Number
5534-026-020
Land Assessment
$1,673,277
Improvements Assessment
$557,756
Total Assessment
$2,231,033
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Seller Financing Available | 6027-6029 Barton Ave
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