5527 Barton Avenue Los Angeles, CA 90038
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site35 Days
- MLS StatusActive
- MLS ID NumberGD24098317
- Home Size Source N/A
- Year Built1963
- Lot Size0.1607 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 7
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.1607
- Water Public
- Garage Spaces 7
- Zoning LARD1.5
- Listing Conditions Standard
Interior Features
- Laundry Features Common Area
Exterior Features
- Pool Features None
- Lot 0-1 Unit/ Acre
Community Features
- Community Features Sidewalks
- Senior Community No
- MLS Area C20 - Hollywood