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$1,895,000

Beds
Unknown
sq ft
2,816

5500 Barton Ave, Los Angeles, CA 90038

5500 Barton Ave

Los Angeles, CA 90038

  • 72 days on market
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. The property is conveniently located in a prime pocket of Hollywood and is surrounded with various shops, eateries, and restaurants. The centralized location makes the property minutes from many of LA's most visited neighborhoods like Larchmont Village, Miracle Mile, Hollywood Walk of Fame, and much much more. 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 constantly growing and flourishing.

Details

Property type

Apartment

Est. home value

$1,844,882

Lot size

8,602 sq ft

Price per sq ft

$673

Year built

1921

Price History

07/10/2024
CRMLS

CRMLS #GD24140171

Listed
$1,895,000
05/08/2024
CRMLS

CRMLS #GD23207020

Removed
$1,895,000
11/07/2023
CRMLS

CRMLS #GD23207020

Listed
$1,895,000
+26.12%

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Financial Partners Cu

Loan start date

November 2020

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

Commercial

Seller

Treboream Resources Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/20/2024 at 11:35 AM

Listing updated: 08/13/2024 at 12:46 PM

Listed by: Jack Baboudjian, Baboudjian Properties Inc. Phone #: (818) 244-5151

MLS: CRMLS #GD24140171

CRMLS logo

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