6027 Barton Ave · Los Angeles, CA 90038

$1,450,000

8 bd · 8.0 ba · 6,333 sqft · MultiFamily public records · 315 Days on market

Built 1930 6,500 sqft lot $229/sqft · 29% below area Est $2049k · 29% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.9/30.0
• ARV discount +15.0/15.0
• DSCR +4.9/10.0
• 1% rule +4.8/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 3 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

We are pleased to present the opportunity to acquire 6027 Barton Avenue, an eight-unit apartment community located in the heart of Hollywood. Ideally situated just south of Santa Monica Boulevard and east of Vine Street, the property lies in one of Los Angeles' most densely populated neighborhoods. Residents enjoy easy access to Hollywood's dynamic nightlife, trendy retail and coffee shops, and an array of entertainment options. Comprised entirely of one-bedroom units, 6027 Barton Avenue has been well-maintained by the current ownership and offers significant value-add potential. With 55% remaining rental upside through unit renovations, a new owner can capitalize on the ongoing gentrification of the area and position the property for strong future returns. An additional benefit is the property's development flexibility. Situated on a 6,500-square-foot lot zoned LAR3-1XL within a Tier 2 TOC, the site offers potential for future redevelopment. The asset is clean, well-managed, and exhibits minimal deferred maintenance reflecting attentive ownership. With its prime Hollywood location, development upside, and value-add opportunity, 6027 Barton Avenue represents a compelling acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS.

Key facts

• Heart of hollywood
• Well maintained
• 6,500 sq ft lot

Tags

• EIGHT UNIT APARTMENT COMMUNITY
• HEART OF HOLLYWOOD
• EASY ACCESS TO NIGHTLIFE
• TRENDY RETAIL AND COFFEE SHOPS
• ARRAY OF ENTERTAINMENT OPTIONS
• WELL MAINTAINED

What this means for you Summary

Snapshot

• This is a 3 × 3-bed/?-bath units multifamily listed at $1.45M.

Deal economics

• At list price, monthly cash flow is $685 ($8k/yr) — positive. Per door: $228/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.42M (2.2% below list).
• Recommended offer: $1.28M (12.0% below list) — sets the bar for market timing.
• Cap rate 6.9% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, schools D+, crime F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 87 active listings in the ZIP; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $14,186/mo this rent would consume 277% of the median local household income ($61k/yr) (locally 4038% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $10k of loan paydown is wiped out by about $44k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 315 days — a 12% lower offer ($1.28M) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y ago; this cycle's ask has dropped $100k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,276,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 315 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.98% ✗
• Cap rate: 6.86%
• Cash-on-cash: 2.02%
• DSCR: 1.09
• GRM: 8.5

CMA / ARV

• ARV (median comp): $2,049,393
• List price: $1,450,000
• Delta: -29.25%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
753 Cole Ave	0.35mi	8/8.0	5,928 (-6%)	14mo	$1,410,000	$238	61
753 N Hudson Ave	0.46mi	9/10.0 (+1)	5,992 (-5%)	5mo	$2,025,000	$338	52
5527 Barton Ave	0.75mi	9/9.0 (+1)	6,046 (-4%)	9mo	$1,600,000	$265	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.67% rent growth · sell at horizon

5-year hold

• IRR: -15.8%
• Equity multiple: 0.45×
• Total profit: $-223,321
• Equity at exit: $216,200

10-year hold

• IRR: -12.3%
• Equity multiple: 0.35×
• Total profit: $-263,457
• Equity at exit: $125,369

Cash invested: $406,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Los Angeles: 0 Strongly Tenant-Friendly · D+22

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 90038

• Rents YoY: 0.7%
• Active inventory: 87
• Price-to-rent: 25.6×

Monthly cashflow live

• Estimated rent: $14,186 high
• Mortgage (P&I): −$7,604
• Tax from tax record: −$2,314 /mo · $27,767/yr
• Insurance: −$604
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,979
• Net cashflow: $685

Break-even live

Break-even rent $13,319

Max offer price $1,450,000

Occupancy floor 90%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	3	—	$14,187
Total (3 units)			$14,186

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $362,500
• Closing costs: $43,500
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-18
   days on market $1,450,000 Active 315 DOM
2. 2026-06-17
   days on market $1,450,000 Active 314 DOM
3. 2026-06-16
   days on market $1,450,000 Active 313 DOM
4. 2026-06-15
   days on market $1,450,000 Active 312 DOM
5. 2026-06-13
   days on market $1,450,000 Active 310 DOM
6. 2026-06-09
   days on market $1,450,000 Active 306 DOM
7. 2026-06-08
   days on market $1,450,000 Active 305 DOM
8. 2026-06-07
   days on market $1,450,000 Active 304 DOM
9. 2026-06-04
   days on market $1,450,000 Active 301 DOM
10. 2026-06-03
    days on market $1,450,000 Active 300 DOM
11. 2026-06-02
    days on market $1,450,000 Active 299 DOM
12. 2026-06-01
    days on market $1,450,000 Active 298 DOM
13. 2026-05-31
    days on market $1,450,000 Active 297 DOM
14. 2026-03-02
    price $1,450,000 1266-char remark

    Show marketing remark (1266 chars)

    We are pleased to present the opportunity to acquire 6027 Barton Avenue, an eight-unit apartment community located in the heart of Hollywood. Ideally situated just south of Santa Monica Boulevard and east of Vine Street, the property lies in one of Los Angeles' most densely populated neighborhoods. Residents enjoy easy access to Hollywood's dynamic nightlife, trendy retail and coffee shops, and an array of entertainment options. Comprised entirely of one-bedroom units, 6027 Barton Avenue has been well-maintained by the current ownership and offers significant value-add potential. With 55% remaining rental upside through unit renovations, a new owner can capitalize on the ongoing gentrification of the area and position the property for strong future returns. An additional benefit is the property's development flexibility. Situated on a 6,500-square-foot lot zoned LAR3-1XL within a Tier 2 TOC, the site offers potential for future redevelopment. The asset is clean, well-managed, and exhibits minimal deferred maintenance reflecting attentive ownership. With its prime Hollywood location, development upside, and value-add opportunity, 6027 Barton Avenue represents a compelling acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS.

15. 2025-10-24
    status Active 1266-char remark

    Show marketing remark (1266 chars)

    We are pleased to present the opportunity to acquire 6027 Barton Avenue, an eight-unit apartment community located in the heart of Hollywood. Ideally situated just south of Santa Monica Boulevard and east of Vine Street, the property lies in one of Los Angeles' most densely populated neighborhoods. Residents enjoy easy access to Hollywood's dynamic nightlife, trendy retail and coffee shops, and an array of entertainment options. Comprised entirely of one-bedroom units, 6027 Barton Avenue has been well-maintained by the current ownership and offers significant value-add potential. With 55% remaining rental upside through unit renovations, a new owner can capitalize on the ongoing gentrification of the area and position the property for strong future returns. An additional benefit is the property's development flexibility. Situated on a 6,500-square-foot lot zoned LAR3-1XL within a Tier 2 TOC, the site offers potential for future redevelopment. The asset is clean, well-managed, and exhibits minimal deferred maintenance reflecting attentive ownership. With its prime Hollywood location, development upside, and value-add opportunity, 6027 Barton Avenue represents a compelling acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS.

16. 2025-10-24
    historical 1266-char remark

    Show marketing remark (1266 chars)

    We are pleased to present the opportunity to acquire 6027 Barton Avenue, an eight-unit apartment community located in the heart of Hollywood. Ideally situated just south of Santa Monica Boulevard and east of Vine Street, the property lies in one of Los Angeles' most densely populated neighborhoods. Residents enjoy easy access to Hollywood's dynamic nightlife, trendy retail and coffee shops, and an array of entertainment options. Comprised entirely of one-bedroom units, 6027 Barton Avenue has been well-maintained by the current ownership and offers significant value-add potential. With 55% remaining rental upside through unit renovations, a new owner can capitalize on the ongoing gentrification of the area and position the property for strong future returns. An additional benefit is the property's development flexibility. Situated on a 6,500-square-foot lot zoned LAR3-1XL within a Tier 2 TOC, the site offers potential for future redevelopment. The asset is clean, well-managed, and exhibits minimal deferred maintenance reflecting attentive ownership. With its prime Hollywood location, development upside, and value-add opportunity, 6027 Barton Avenue represents a compelling acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS.

17. 2025-10-24
    price $1,500,000 1266-char remark

    Show marketing remark (1266 chars)

    We are pleased to present the opportunity to acquire 6027 Barton Avenue, an eight-unit apartment community located in the heart of Hollywood. Ideally situated just south of Santa Monica Boulevard and east of Vine Street, the property lies in one of Los Angeles' most densely populated neighborhoods. Residents enjoy easy access to Hollywood's dynamic nightlife, trendy retail and coffee shops, and an array of entertainment options. Comprised entirely of one-bedroom units, 6027 Barton Avenue has been well-maintained by the current ownership and offers significant value-add potential. With 55% remaining rental upside through unit renovations, a new owner can capitalize on the ongoing gentrification of the area and position the property for strong future returns. An additional benefit is the property's development flexibility. Situated on a 6,500-square-foot lot zoned LAR3-1XL within a Tier 2 TOC, the site offers potential for future redevelopment. The asset is clean, well-managed, and exhibits minimal deferred maintenance reflecting attentive ownership. With its prime Hollywood location, development upside, and value-add opportunity, 6027 Barton Avenue represents a compelling acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS.

18. 2025-07-21
    listed $1,550,000 Active 1266-char remark

    Show marketing remark (1266 chars)

    We are pleased to present the opportunity to acquire 6027 Barton Avenue, an eight-unit apartment community located in the heart of Hollywood. Ideally situated just south of Santa Monica Boulevard and east of Vine Street, the property lies in one of Los Angeles' most densely populated neighborhoods. Residents enjoy easy access to Hollywood's dynamic nightlife, trendy retail and coffee shops, and an array of entertainment options. Comprised entirely of one-bedroom units, 6027 Barton Avenue has been well-maintained by the current ownership and offers significant value-add potential. With 55% remaining rental upside through unit renovations, a new owner can capitalize on the ongoing gentrification of the area and position the property for strong future returns. An additional benefit is the property's development flexibility. Situated on a 6,500-square-foot lot zoned LAR3-1XL within a Tier 2 TOC, the site offers potential for future redevelopment. The asset is clean, well-managed, and exhibits minimal deferred maintenance reflecting attentive ownership. With its prime Hollywood location, development upside, and value-add opportunity, 6027 Barton Avenue represents a compelling acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS.

19. 2024-06-19
    listed Active
20. 2022-06-08
    status Active
21. 2022-03-15
    price
22. 2021-12-02
    listed Active
23. 2019-06-26
    soldstatus $9,409,091
24. 2014-04-17
    soldstatus $1,200,000
25. 1985-05-23
    soldstatus $235,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $27,767 · $2,314/mo
• Projected year-2 tax: $27,767 · $2,314/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥90°F today · 22 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $170,232
• − Mortgage interest: −$81,223
• − Property taxes: −$27,767
• − Insurance: −$7,250
• − Repairs & maintenance: −$13,619
• − Management: −$13,619
• − Depreciation: −$42,182
• Taxable loss: −$15,426
• Est. tax savings @ 24.0%: +$3,702
• After-tax cash flow: $11,921/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Los Angeles

• Score: 68/100
• State rank: #273
• US rank: #9237

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment B Housing B- Health & safety C- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 27,127
• Household income: $61,454
• Rent vs Own: 91.8% rent · 8.2% own
• Severe rent burden: 4038.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Hispanic / Latino 49% White 31% Two or more races 15% Asian 7% Black 7% Native American 2%
• Hispanic origin (detail): Mexican 21%
• Common ancestry: Romanian 2% Scotch-Irish 1% Lithuanian 1%
• Foreign-born: 39% · Canada, South Korea, Jamaica
• Languages at home: 44% English-only · Spanish 43% Other Indo-European 4% Tagalog/Filipino 2%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -461.01%
• Current HPI: 349.1001
• Rent YoY: ▲ 0.67%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+517.0% since first listed

12 events — show timeline

• 2026-03-02 Price Changed $1,450,000 TheMLS
• 2025-10-24 Relisted — TheMLS
• 2025-10-24 Delisted — TheMLS
• 2025-10-24 Price Changed $1,500,000 TheMLS
• 2025-07-21 Listed $1,550,000 TheMLS
• 2024-06-19 Listed — TheMLS
• 2022-06-08 Relisted — TheMLS
• 2022-03-15 Price Changed — TheMLS
• 2021-12-02 Listed — TheMLS
• 2019-06-26 Sold (Public Records) $9,409,091 Public Records
• 2014-04-17 Sold (Public Records) $1,200,000 Public Records
• 1985-05-23 Sold (Public Records) $235,000 Public Records

Property tax history

+10.5%/yr

Latest (2025): $27,767 · +1.3% YoY. Source: county tax records.