Gated Flex Space with
For Sale
$2,250,000
5908 Barton Ave, Los Angeles, CA 90038
Residential Income, Los Angeles, CA
Property Size3,312 SF
Lot Size0.13 Acres
Price / SF$679.35
Days on Market443
Property Features for 5908 Barton Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAC2
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking
6
Parking features
Covered, Gated
Directions
West of Gower, South of Santa Monica
Subdivision
Hollywood
Standard status
Active
APN
5534-027-003
Size
3,312 SF
Lot size
0.13 Acres
Utilities
Heating system
Central
Amenities
multiple office suites
central open workspace
2.5 bathrooms
dual access points
gated rear lot
Building Details
Year built
1969
Floors in Building
1
Flooring type
Cement
Listing Agency:
Nourmand & Associates-HW
(323) 462-6262
Listed By:
Christopher Furstenberg · License #01208924
(323) 422-2244
Added: Jul 15, 2025
Changed: Sep 12
Last Checked: Sep 30 at 2:06PM
MLS# 26853589
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone flex property provides 3,312 square feet within a single-story commercial building on a 5,624-square-foot lot. The interior combines several office suites with a central open work area, 2.5 bathrooms, polished concrete flooring, and tall exposed-beam ceilings. Two access points, including entry from the alley, support functional movement through the property. The premises are delivered vacant and include central heating.
A gated rear parking area accommodates up to 12 vehicles, arranged as 12 stacked spaces or 6 spaces for daily use. Covered parking is also identified among the property features. The site is positioned near Melrose and Gower Avenue in Los Angeles, with Paramount Studios, Netflix, and Gower Studios nearby, as well as access to Larchmont Village, Hollywood Boulevard, and the 101 Freeway.
Built in 1969, the property combines office accommodations with open commercial workspace and secured on-site parking. Its 0.1343-acre parcel provides a compact standalone setting for a range of flex-space configurations.
A gated rear parking area accommodates up to 12 vehicles, arranged as 12 stacked spaces or 6 spaces for daily use. Covered parking is also identified among the property features. The site is positioned near Melrose and Gower Avenue in Los Angeles, with Paramount Studios, Netflix, and Gower Studios nearby, as well as access to Larchmont Village, Hollywood Boulevard, and the 101 Freeway.
Built in 1969, the property combines office accommodations with open commercial workspace and secured on-site parking. Its 0.1343-acre parcel provides a compact standalone setting for a range of flex-space configurations.
Key Highlights
- 3,312 square feet of interior space on a 5,624‑square‑foot lot
- Single‑story standalone building with multiple office suites and central open workspace
- Gated rear lot with parking for up to 12 vehicles; 12 stacked or 6 for daily use
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
Industrial
$587.8K
$514.3K – $685.7K
NOI $41,144 @ 7.0% cap · market cap 1.83%
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
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Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Single-story commercial building offers offices, open workspace, and alley access.
Where is this flex space located?
The property is located at 5908 Barton Ave 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 square feet of interior space on a 5,624‑square‑foot lot; Single‑story standalone building with multiple office suites and central open workspace; Gated rear lot with parking for up to 12 vehicles; 12 stacked or 6 for daily use
