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5933 Barton Ave 7 Unit Apartment Building $2,673,187 CAD ($381,884 CAD/Unit) 5.35% Cap Rate Los Angeles, CA 90038
INVESTMENT HIGHLIGHTS
- 7-Unit Investment Opportunity in Hollywood
- Premier Hollywood Location
- ± $2,181 Average Rent Per Unit
- 3 Units with Section 8 Vouchers
- Over 36% Upside in Rents
- (2) One Bedrooms (5) Two Bedrooms
EXECUTIVE SUMMARY
The Boyett Team is thrilled to offer an exclusive opportunity to acquire 5933 Barton Avenue, a well maintained 7-unit opportunity located in the highly desired Hollywood market.
Built in 1964, this property has been meticulously maintained. 5933 Barton Avenue contains a blended unit mix of two (1) one-bedroom one-bathroom units, and five (5) two-bedroom two-bathroom units. The subject property has three units with Section-8 vouchers.
Nestled between Santa Monica Blvd and the Hollywood Forever Cemetery, this prime location offers tenants access to the vibrant heart of Hollywood and beyond. Tenants of 5933 Barton Avenue will find themselves with no shortage of things to do, with exciting nightlife, exquisite dining options, daily essentials, and diverse retail experiences within close proximity.
5933 Barton Avenue offers a rare opportunity to acquire a value add, cash-flowing asset, located within one of the most sought-after rental markets in Los Angeles. This investment opportunity is poised for long-term appreciation while also immediately providing investors with steady cash flow.
Built in 1964, this property has been meticulously maintained. 5933 Barton Avenue contains a blended unit mix of two (1) one-bedroom one-bathroom units, and five (5) two-bedroom two-bathroom units. The subject property has three units with Section-8 vouchers.
Nestled between Santa Monica Blvd and the Hollywood Forever Cemetery, this prime location offers tenants access to the vibrant heart of Hollywood and beyond. Tenants of 5933 Barton Avenue will find themselves with no shortage of things to do, with exciting nightlife, exquisite dining options, daily essentials, and diverse retail experiences within close proximity.
5933 Barton Avenue offers a rare opportunity to acquire a value add, cash-flowing asset, located within one of the most sought-after rental markets in Los Angeles. This investment opportunity is poised for long-term appreciation while also immediately providing investors with steady cash flow.
PROPERTY FACTS
| Price | $2,673,187 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $381,884 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.35% | Building Size | 7,074 SF |
| Gross Rent Multiplier | 11.41 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 0.86/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R4-2 - restricted Density Multiple Dwelling | ||
| Price | $2,673,187 CAD |
| Price Per Unit | $381,884 CAD |
| Sale Type | Investment |
| Cap Rate | 5.35% |
| Gross Rent Multiplier | 11.41 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,074 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.86/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4-2 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Storage Space
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 550 |
| 2+1 | 1 | - | 950 |
| 2+2 | 4 | - | 950 |
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 5534-025-019 | Improvements Assessment | $401,384 CAD |
| Land Assessment | $1,459,577 CAD | Total Assessment | $1,860,961 CAD |
PROPERTY TAXES
Parcel Number
5534-025-019
Land Assessment
$1,459,577 CAD
Improvements Assessment
$401,384 CAD
Total Assessment
$1,860,961 CAD
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5933 Barton Ave
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