5527 Barton Ave., Los Angeles, CA 90038 - GD24098317 - iPro Real Estate

5527 Barton Ave.
Los Angeles, CA 90038

Active, Multi-Family/Income Sale

For Sale

$2,200,000 $314.20 per sqft

Free Professional CMA

Listing ID : GD24098317

  • Garage

    7
  • Lot Size

    7,002 Sqft
  • Year

    1963

Description

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.

Details

Type: Multi-Family/Income Sale 
Subdivision: C20 - Hollywood 
County: Los Angeles 
Tax ID: 5535005011
Cap Rate: 4.26% 
Gross Rent Multiplier: 16.34 
Days on Market: 66 
AltCal ID: CRGD24098317 
Laundry: Laundry Area 
Number of Buildings: 1 
Number of Units: 7 
Parking Spaces: 7 
Property Type: Commercial Sale 
Water: District - Public 

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34.087711 -118.336273 $2,200,000 GD24098317
5527 Barton Ave., Los Angeles, CA 90038
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Listed by Manvel Solakian with Keller Williams R. E. Services

Based on information from the MLSListings MLS) as of 7/19/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 7/19/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2024 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes