I am pleased to offer the opportunity to acquire 6027 Barton Avenue, an eight-unit apartment community located in prime Hollywood. As one of Los Angeles' densely populated neighborhoods, this submarket's popularity has grown significantly over the recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new ground-up development in the gentrifying area, Hollywood has been catering to young professionals, and hipsters alike in recent years. Barton Avenue is considered a "Walker's Paradise" with a 95 Walk Score and is situated a short distance from highly desirable dining and entertaining options.Consisting of all one-bedroom units on a 6,500 square foot parcel, 6027 Barton Avenue has been well-maintained by current ownership. Current tenants are paying an average of $1,188, which is well below the market rents in the immediate area. An investor will have the opportunity to capture over 68% in rental upside through interior unit renovations.
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