Gated Flex Space with
For Sale
$2,250,000
5908 Barton Avenue, Los Angeles, CA 90038
Standalone creative-oriented facility with offices, open workspace, gated parking, and direct alley access.
Property Size3,312 SF
Lot Size5,624.00 Acres
Price / SF$679.35
Days on Market393
Property Features for 5908 Barton Avenue
General Information
Standard status
Active
Size
3,312 SF
Total Parking Spaces
12
Lot size
5,624.00 Acres
Property subtype
COMMERCIAL
Zoning
LAC2-1VL / Light Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Building Details
Building Size
3,312 SF
Year Built
1969
Buildings
1
Stories
1
Listing Agency:
Nourmand & Associates-HW
(323) 459-8861
Listed By:
Judy Lee · License #01899076
Source:
Velocityrealtysd
Added: Jul 15, 2025
Changed: Aug 10
Last Checked: Aug 10 at 9:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nourmand & Associates-HW
Investment Insights
Based on property information with market context.
This single-story, standalone flex property contains 3,312 square feet of interior space on a 5,624 square foot lot. The vacant building offers multiple office suites, a central open workspace, 2.5 bathrooms, polished concrete floors, and tall open-beamed ceilings. Gated access and an open interior plan support flexible commercial configurations, subject to applicable approvals and verification.
The property is located just off Melrose and Gower Avenue near Paramount Studios, Netflix, and Gower Studios. LAC2-1VL zoning identifies the site for Light Manufacturing, with buyer verification required. Direct alley access complements the primary entry, while the gated rear lot provides parking for up to 12 vehicles, arranged as 12 stacked spaces or 6 spaces for everyday use. The 1969-built property is also minutes from Larchmont Village, Hollywood Boulevard, and the 101 Freeway.
The property is located just off Melrose and Gower Avenue near Paramount Studios, Netflix, and Gower Studios. LAC2-1VL zoning identifies the site for Light Manufacturing, with buyer verification required. Direct alley access complements the primary entry, while the gated rear lot provides parking for up to 12 vehicles, arranged as 12 stacked spaces or 6 spaces for everyday use. The 1969-built property is also minutes from Larchmont Village, Hollywood Boulevard, and the 101 Freeway.
Key Highlights
- 3,312 SF single‑story standalone building on a 5,624 SF lot
- LAC2‑1VL zoning for Light Manufacturing; buyer to verify
- Multiple office suites plus central open workspace and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,614
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,572,280
$1.6M
Cap Rate 7%
$1,123,057
$1.1M
Cap Rate 9%
$873,489
$873.5K
Market Conditions
NOI Build-Up for 3,312 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$128.8K $38.88/SF
− Vacancy
−$24.0K −$7.23/SF
EGI
$104.8K $31.65/SF
− OpEx
−$26.2K −$7.91/SF
NOI
$78.6K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,572,280
Cap Rate 7%
$1,123,057
Cap Rate 9%
$873,489
Alternative Uses
Best Use
Office B
$1.12M
$982.7K – $1.31M
NOI $78,614 @ 7.0% cap · market cap 3.49%
Second Best
Retail
$1.10M
$960.8K – $1.28M
NOI $76,862 @ 7.0% cap · market cap 3.42%
Theoretical Best
Multifamily LT 5
$67.10M
$58.71M – $78.28M
NOI $4,696,939 @ 7.0% cap · market cap 208.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,056
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Standalone creative-oriented facility with offices, open workspace, gated parking, and direct alley access.
Where is this flex space located?
The property is located at 5908 Barton Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 3,312 SF single‑story standalone building on a 5,624 SF lot; LAC2‑1VL zoning for Light Manufacturing; buyer to verify; Multiple office suites plus central open workspace and 2.5 bathrooms
