5 Units, 17.48 GRM, 4.13% CAP
The Barton Apartments consist of 5 units in total, along with plans (already submitted and pending city approval) for 1 ADU. Four of the five units are fully upgraded units, and there is one unit that is vacant, allowing a buyer to rent at market rate. The property is conveniently located in a prime pocket of Hollywood and is surrounded with various shops, eateries, and restaurants.
The front structure consists of four 1 bedroom 1 bathroom units, and back structure consists of one 2 bedroom 1 bathroom house. The total square footage for the property is 2,816.
Low property expenses and easy management makes the Barton Apartments a desirable investment for both an experienced investor or first-time buyer, in a neighborhood that’s consistently gentrifying.
Total annual gross income for the property is $122,982. Tenants pay for gas, electricity, and trash removal. Landlord pays for water and landscaping services.
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