Single-Story Gated Office
For Sale
$2,250,000
5908 Barton Ave, Los Angeles, CA 90038
MULTI_FAMILY - Los Angeles, CA
Property Size3,312 SF
Lot Size0.13 Acres
Price / SF$679.35
Days on Market397
Property Features for 5908 Barton Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAC2
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Parking
6
Parking features
Gated, Covered
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
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: Aug 1
Last Checked: Aug 15 at 11:06PM
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.
Single-story, standalone, gated commercial office building with polished concrete floors and central open workspace. The interior layout includes multiple office suites, a central open area, and 2.5 bathrooms, with dual access points including direct alley access. Central heating supports year-round use. Built in 1969, the property offers cement flooring and features covered, gated parking.
The building sits on a 5,624 square foot lot and contains 3,312 square feet of interior space. Zoning is LAC2. The rear lot is gated and provides parking for up to 12 vehicles, described as 12 stacked/6 for daily use.
Delivered vacant, this flexible layout supports a range of office and studio-adjacent configurations, including hybrid workspaces, showrooms, and multi-tenant setups, depending on use requirements and approvals.
The building sits on a 5,624 square foot lot and contains 3,312 square feet of interior space. Zoning is LAC2. The rear lot is gated and provides parking for up to 12 vehicles, described as 12 stacked/6 for daily use.
Delivered vacant, this flexible layout supports a range of office and studio-adjacent configurations, including hybrid workspaces, showrooms, and multi-tenant setups, depending on use requirements and approvals.
Key Highlights
- 3,312 SF office building on a 5,624 SF lot
- Single‑story, standalone, gated property with dual access including direct alley access
- Central open workspace plus multiple office suites
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
—
—
no second resolved use
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,056
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-story gated office building with polished concrete floors, central open workspace, and direct alley access.
Where is this office building 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 SF office building on a 5,624 SF lot; Single‑story, standalone, gated property with dual access including direct alley access; Central open workspace plus multiple office suites
