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6040-6042 Barton Ave

8 Unit Apartment Building $3,200,000 ($400,000/Unit) 4.73% Cap Rate Los Angeles, CA 90038

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $255,660 $34.22
Other Income $3,000 $0.40
Vacancy Loss $7,760 $1.04
Effective Gross Income $250,900 $33.59
Taxes $39,624 $5.30
Operating Expenses $59,781 $8.00
Total Expenses $99,405 $13.31
Net Operating Income $151,495 $20.28

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $255,660
Annual Per SF $34.22
Other Income
Annual $3,000
Annual Per SF $0.40
Vacancy Loss
Annual $7,760
Annual Per SF $1.04
Effective Gross Income
Annual $250,900
Annual Per SF $33.59
Taxes
Annual $39,624
Annual Per SF $5.30
Operating Expenses
Annual $59,781
Annual Per SF $8.00
Total Expenses
Annual $99,405
Annual Per SF $13.31
Net Operating Income
Annual $151,495
Annual Per SF $20.28

Property Facts

Price $3,200,000
Price Per Unit $400,000
Sale Type Investment
Cap Rate 4.73%
Gross Rent Multiplier 12.37
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.15 AC
Building Size 7,470 SF
No. Stories 2
Year Built 1989
Parking Ratio 2/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Balcony
  • Cable Ready
  • Refrigerator
  • Range

Site Amenities

  • Laundry Facilities
  • Security System
  • Gated
  • Laundry Service

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 8 $2,663 875
Walk Score ®
Walker's Paradise (95)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5534-028-009
Land Assessment
$3,346,555
Improvements Assessment
$1,059,741
Total Assessment
$4,406,296
Annual Taxes
$39,624 ($5.30/SF)
Tax Year
2024

zoning

Zoning Code R4-2, Los Angeles
R4-2, Los Angeles
  • Listing ID: 32200748

  • Date on Market: 6/20/2024

  • Last Updated:

  • Address: 6040-6042 Barton Ave, Los Angeles, CA 90038

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