6027 BARTON AVENUE, LOS ANGELES CA 90038
- 6,333 sq.ft.
- 6,500 sq.ft. lot
Property Description
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 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.
Listing Courtesy of Sean Rosenzweig, Marcus & Millichap
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