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    The Largest CRE Database in the US with Over 1 Million Listings

    3234 Barham Blvd Los Angeles, CA 90068

    Sponsored
    For Sale
    $1,575,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    1,672 SF
    Lot size:
    0.13 Acres
    Days on Market:
    18
    Last Refresh:
    Jan 31 at 10:06 pm

    Property Features for 3234 Barham Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR2
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4
    Bathrooms
    4
    APN
    5579-018-009
    Parking
    7
    Size
    1,672 SF
    Lot size
    0.13 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1951
    Floors in Building
    2
    Number of units
    4

    We can help!

    Listing Contact
    Nicole Apostolos

    Equity Union Real Estate (818) 989-2000

    Listing agent Nicole Apostolos (818) 989-2000 License #01464936

    Listing date Jan 14, 2026

    MLS# 25626781

    Copyright © 2026 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Four-Unit Multifamily Building in Los Angeles

    The property at 3234 Barham Boulevard is a four-unit multifamily building constructed in 1951. It features four studio units, totaling approximately 1,672 square feet of living space, situated on a 5,760-square-foot lot zoned LAR2. The property provides seven on-site parking spaces and is separately metered for gas and electricity, with individual hot water heaters. One unit includes an in-unit washer and dryer. The location offers significant exposure, with approximately 90,000 vehicles passing by daily, commuting from San Fernando Valley to Hollywood and beyond. Three of the units are currently rented furnished. A new roof was installed in August 2024. The adjacent property at 3226 Barham Boulevard is available for separate purchase or as a combined offering. Together, the two buildings create a mixed-use assemblage of approximately 9,760 square feet of contiguous land along a heavily traveled corridor in Hollywood. The combination of on-site parking and high-visibility commercial frontage enhances leasing and redevelopment potential. The property benefits from access to the 101 and 134 Freeways, Cahuenga Boulevard, and major employment centers, including Universal Studios, Warner Bros., and the broader Hollywood production hub. With a Walk Score of 70, residents have proximity to conveniences and local establishments such as Mercado Restaurant and Sweet Lily Bakery Caf, with Ventura Boulevard offering additional shopping and dining amenities. Griffith Park, Lake Hollywood, and the Hollywood Sign are also nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hollyworld Palms Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.346103
    Latitude
    34.1294

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property with on-site parking and excellent exposure.
    Where is this quadplex located?
    The property is located at 3234 Barham Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: - Prime location with excellent access to the 101 and 134 Freeways, Universal Studios, Warner Bros., and Hollywood production hub.; - Benefit from seven on-site parking spaces in a high-traffic area.; - LAR2 zoning on a 5,760-square-foot lot, offering redevelopment potential.
    (818) 989-2000
    Request Owner's contact information
    3234 Barham Blvd Los Angeles, CA 90068
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    Los Angeles, CA 90068
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3234 Barham Blvd Los Angeles, CA 90068
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    We can help!
    Listing Contact
    Nicole Apostolos
    Real Estate License ID: 01464936
    (818) 989-2000
    Learn more
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