5527 Barton Ave - Apartments FOR SALE


Los Angeles, CA 90038
$1,800,000 USD
818-380-5294
5527 Barton Ave, Los Angeles, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/41
null | 4.81% Cap Rate

5527 Barton Ave
Los Angeles, CA 90038


HIGHLIGHTS

  • Well located near Wilton Pl. & Santa Monica Blvd. Less than half a mile from the new Echelon Studios Complex project of 550,000 SF of new production
  • Deemed a "Walker’s Paradise" with a walk score of 88 as most errands can be accomplished on foot
  • One Two (2) bedroom unit will be delivered vacant! Great unit mix of four (4) 1+1’s and three (3) 2+2’s
  • Well Maintained property with copper plumbing, New Roof and New Central Water Heater in 2024
  • Spacious units averaging over 850 square feet each, Parking for all units! Separately metered for gas & electricity!
  • Soft Story Retrofitting completed! Strong Rental Upside Potential!

OVERVIEW

5527 Barton Ave is a well-maintained 6,046 square foot building situated on a 7,000 square foot LAR1.5 zoned lot. The property is made up of four (4) spacious one bedroom and one bathroom units and three (3) two bedroom two bath units! The property is separately metered for gas and electricity. Each unit has their own parking spaces and access to community laundry. The property has been well maintained, has copper plumbing and the seismic retrofitting has been completed. New Roof and New Central Water Heater in 2024. The property is well located in Hollywood, near Wilton Pl. and Santa Monica Blvd. The location is deemed "A Walker’s Paradise" with a score of 90 out of 100, as daily errands can be accomplished by foot. This location provides proximity to local Studios, post production houses, various entertainment related offices and hospitals for nearby employment. Being so close to Larchmont Village there is easy access to the wonderful restaurants and shopping the area is known and loved for. Some nearby popular spots include Osteria La Buca, Ggiata Delicatessen and Great White! Less than half a mile from the new Echelon Studios Complex project of 550,000 SF of new production studio, office, and retail space set to be completed in 2026. 5527 Barton Ave. is a great opportunity for an investor to by a property with strong rental upside potential. The subject property is in the City of Los Angeles and is subject to Rent Control.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

7

PRICE/UNIT

$257,143

CAP RATE

4.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

R3-2, Los Angeles

APN/PARCEL ID

5535-005-011

ASK ABOUT THIS PROPERTY

Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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