4 units in prime hollywood -...

Concord Real Estate Services | 449 S Beverly Drive, Beverly Hills, CA 90212 | 310.551.0660 | Concord-re.com

6026 BARTON AVE, LOS ANGELES, CA 90038

4 UNITS IN PRIME HOLLYWOOD

• Prime owner user property with redevelopment potential for 8 units

• Existing structures are composed of (1) large duplex with 2 bedrooms, and two private bungalows (1) 2+1, and (1) 1+1

• 41% Upside potential with renovated units• Significant Hollywood location - 1 block west of Paramount

Studios, between Melrose and Santa Monica Blvd• Numerous multifamily projects are being developed in the

immediate vicinity• This endearing 3-structure estate has been host to many

Hollywood Stars and Film-makers, inlcuding Hollywood legend James Dean!


PROPERTY ANALYSIS • Summary• Property Photos• Neighborhood Information• Major Attractions & New Developments• Rent Roll• Financial Analysis• Sold Comparables • On Market Comparables

CONTACTBrandon S. WeigeltConcord Real Estate ServicesBRE# 01978213424.284.4448 direct425.890.7539 [email protected]

CONTENTS


PROPERTY DESCRIPTIONUnits 4 Square Footage 4,043’ Major Intersection Santa Monica Blvd. & Vine Street Zoning Type LAR3*Market Hollywood Year Built 1896 & 1912APN 5534-028-006,

HIGHLIGHTSProperty Concord proudly presents an exclusive listing of 4 units at 6026 Barton Ave, Hollywood. The unit mix consists of a duplex with (2) 2+1 units, (1) 2+1 detached house, and an additional 1+1 bungalow at the rear of the property. Additionally the building offers approximately 5 parking spaces.

Area The property location provides quick access to the 101 freeway and is located South of Santa Monica Blvd and North of Melrose Ave, just East of Vine St. The property is nearby many landmarks including; the Hollywood Forever Cemetery, Paramount Pictures, Vermont Metro station, ArcLight Cinemas, Griffith Observatory, Hollywood Bowl, and Wilshire Country Club.

LISTING SUMMARY


PROPERTY PHOTOS


HOLLYWOOD, CALIFORNIA

The neighborhood is bordered by West Hollywood on its west side and East Hollywood on its east, with the beautiful Hollywood Hills to the north and Larchmont at its south. Easy access to the whole of Los Angeles county is in reach from Central Hollywood. The area is home to movie and television studios galore, as well as the fabulous Hollywood Walk of Fame, shopping and fine eateries.

NEIGHBORHOOD INFORMATION


NEW DEVELOPMENTS

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Metropolitan Hollywood - 5837 Sunset BlvdThis six-story, 79-unit project contains a mix of studio, one and two bedroom apartments above a two-and-a-half level parking garage plus a fitness center, private internet cafe, rooftop terrace, landscaped courtyard and a swimming pool.

NEW DEVELOPMENTS

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Columbia Square - 6121 Sunset BlvdHalf of the units at the posh, 20-story Residences at Columbia Square will be super-fancy, fully-furnished, extended-stay hotel rooms designed by maximalist Kelly Wearstler; the architecture is by Rios Clementi Hale.

Palladium Residences - 6215 W Sunset BlvdOne of the most exciting developments coming to Hollywood, two residential towers will flank the historic Hollywood Palladium concert venue. The development will also include a restoration for the 1940s venue.

The Camden at Vine & Selma - 1540 Vine StreetHollywood’s seven-story, 287-unit mixed-user The Camden at Selma and Vine was reignited in 2013 after a years-long hiatus. The new renderings do away with the ridiculous swooping crowns that looked dated even back when it was revealed in 2006.

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RENT ROLL

6026 BARTON AVE, LOS ANGELES 90038


FINANCIAL ANALYSIS @ $1.47M

6026 BARTON AVE, LOS ANGELES 90038

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to


UNIT MIX: (3) 2+1, (1) 1+1

SOLD COMPARABLES

UNIT MIX: (4) 0+1 CLOSED: 03/04/2016

UNIT MIX: (4) 2+1.5 CLOSED: 10/09/2015

UNIT MIX: (4) 2+1 CLOSED 09/28/2015

UNIT MIX: (4) 2+2 CLOSED: 10/05/2015

UNIT MIX: N/A CLOSED: 06/09/2015

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1347-1359 N Citrus Ave, Built 1923

$1,265,000 4 3,633 $348 $316,250 4.38% 15.75

Subject Property: 6026 Barton Ave

$1,475,000 4 4,043 $365 $368,750 3.1% 18.75

5229 Marathon Street, Built 1939

$1,585,000 4 9,760 $162 $396,250 N/A N/A

370 N Wilton Place, Built 1920

$1,360,000 4 4,018 $338 $340,000 N/A N/A

5426 Barton Ave, Built 1961

$1,555,000 4 4,880 $236 $288,750 N/A N/A

4925 Elmwood Ave, Built 1925

$1,650,000 4 5,708 $289 $412,500 5.46% N/A

SALE PRICE UNITS BLDG. S.F. PRICE S.F. PRICE/UNIT CAP GRM


UNIT MIX: (1) 3+1, (3) 1+1

UNIT MIX: (3) 2+1, (1) 1+1

ON MARKET COMPARABLES

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UNIT MIX: (3) 1+1, (1) 2+1

UNIT MIX: (2) 1+1, (1) 2+2, (1) 5+31807 N Wilton Place, Built1912

$1,600,000 4 3,455 $463 $400,000 N/A N/A

5528 Franklin Ave, Built 1921

$1,125,000 4 3,456 $325 $281,250 N/A 16.55

Subject Property: 6026 Barton Ave

$1,475,000 4 4,043 $365 $368,750 3.1% 18.75

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4727 Oakwood Ave, Built 1914

$1,399,999 4 3,024 $463 $349,999 N/A N/A

UNIT MIX: (2) 2+1, (2) 2+1.5

UNIT MIX: (2) 3+2, (1) 3+2.5, (1) 2+1.5

635 N Plymouth , Built 1924

$1,799,990 4 4,272 $421 $499,997 N/A 18.20

537 N St. Andrews Place, Built 1916

$1,925,000 4 4,843 $397 $481,250 6.1% 12.70

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SALE PRICE UNITS BLDG. S.F. PRICE S.F. PRICE/UNIT CAP GRM


SOLD4925 Elmwood Ave5229 Marathon Street370 N Wilton Place1347-1359 N Citrus Ave5426 Barton Ave

ON MARKET5528 Franklin Ave4727 Oakwood Ave1807 N Wilton Place537 N St. Andrews Place635 N Plymouth

SOLD & ON MARKET COMPARABLES

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8730-8740 HOLLOWAY , WEST HOLLYWOOD, CA 90069

4 UNITS IN PRIME HOLLYWOOD

Please contact:

Brandon S. WeigeltConcord Real Estate ServicesBRE# 01978213424.284.4448 direct425.890.7539 [email protected]

4 units in prime hollywood -...

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