5527 Barton Avenue
Los Angeles, CA, 90038
$2,200,000
Beds
0 Baths
SqFt
0.16 Acres
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Hollywood, Paramount Pictures, Between Melrose, Vine and Santa Monica Blvd., desirable and high density 90038 Zip code. Well-maintained 7-unit apartment building, close to 101 Freeway, Kaiser Hospital, Home Depot, and all kind of major stores, 3 Units 2Br/2Baths plus 4 Units 1Br/1Bath, 7 parking and extra room for one more, Storage Boxes. Tenants pay for Power and Gas, low maintenance, no Gardner. Completely fenced and Remotely operated gate. Mandatory Soft Retrofitting Done in 2018, earthquake shut off valves for gas installed, no code enforcements, Only $363 Per SQFT lower than replacement cost. Excellent Cap Rate. Priced under market for fast sale. It is fully occupied with month-to-month leases. Seller’s Unit 2Br/2Baths front unit with large balcony will be delivered vacant at close of Escrow, will rent for $3k easily, Owner owned Coin Laundry, The property has a new roof installed in February 2024 and a new gas boiler with circulation, Copper plumbing re piped 10 years ago, street was asphalted in May 2024.Motivated Seller

Property Details

Price:
$2,200,000
MLS #:
GD24098317
Status:
Active
Baths:
0
Address:
5527 Barton Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
May 15, 2024
State:
CA
ZIP:
90038
Lot Size:
7,002 sqft / 0.16 acres (approx)
Year Built:
1963
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Community Features
Sidewalks
Garage Spaces
7.00
Lot Features
0-1 Unit/ Acre
Parking Spots
7.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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5527 Barton Avenue
Los Angeles, CA