5412 Barton Avenue, Los Angeles, California 90038, Los Angeles, 90038 - 2 bed, 1 bath
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Los Angeles, California 90038
This property presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned above the $847,701 Fair Market Value. While the current structure has a Condition Rating of 6, the site is defined by its LAC4-zoned land value and Tier 3 TOC status. The mandatory assemblage with 5416 Barton Avenue creates a significant multifamily redevelopment play in a high-demand Hollywood corridor. This asset is designed for Multifamily Developers and Institutional Investors seeking to maximize density and scale through strategic urban infill.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5412 Barton Avenue Subject | $995,000* List Price | 2 | 1 | 1,368 | $620 | - |
A 5552 Barton Avenue Sold | $940,000 | 2 | 1 | 1,548 | $607 | 0.2 mi |
B 1059 N Wilton Place Active | $939,000 List Price | 3 | 2 | 1,272 | $738 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1921 and marketed explicitly as a redevelopment opportunity for its land value and LAC4/TOC zoning potential. Interior photos show a severely dated bathroom with a broken vanity door and 100-year-old structure, fitting the criteria for a property being sold for land value rather than residential habitability.
Zoned LAC4 and situated in a Tier 3 TOC area, the property offers significant density bonuses and parking reductions for multifamily or mixed-use projects.
Located near major employment hubs like Netflix and Paramount Studios, the site is perfectly positioned to capture sustained rental demand in a rapidly evolving corridor.
The requirement to purchase with the adjacent lot allows for a larger-scale redevelopment, providing better economies of scale and improved site planning flexibility.
The property must be purchased with the adjacent lot, increasing the total acquisition cost to $1,795,000 and potentially limiting the buyer pool.
Built in 1921, the existing structure is primarily valued for its land, likely requiring a complete tear-down and substantial capital for new construction.
Must be purchased with adjacent property at 5416 Barton Avenue (total combined list price for both properties is $1,795,000). PERFECT DEVELOPMENT OPPORTUNITY OR 2 SINGLE FAMILY HOME REMODEL OPPORTUNITY. 5412 BARTON AVENUE: Exceptional redevelopment opportunity on an LAC4-zoned site in one of Hollywood's rapidly evolving multifamily and mixed-use corridors, surrounded by significant recent residential and creative office investment. Property can be delivered vacant, creating an ideal opportunity for immediate redevelopment and streamlined project planning. Located within a Tier 3 Transit Oriented Communities ("TOC")Incentive Area, allowing developers to potentially capitalize on meaningful density increases, parking reductions, and additional development incentives through affordable housing components. Opportunity to utilize multiple pro-housing development programs and evolving Los Angeles housing initiatives, including TOC incentives, the CHIP Ordinance, ED1 processing pathways, and other density maximizing strategies designed to accelerate multifamily housing production. Valuable urban infill location positioned near Larchmont Village, Hollywood Media District, Netflix, Paramount Studios, and major employment centers driving sustained rental demand. 5416 BARTON AVENUE: Rare redevelopment opportunity on an RD1.5-zoned site located in a rapidly improving Hollywood multifamily corridor near major employment and entertainment hubs. Property can be delivered vacant, allowing developers immediate flexibility for entitlement, planning, and redevelopment execution. Located within a Tier 3 TOC Incentive Area, creating the potential for substantial increases in allowable density, reduced parking requirements, and enhanced development flexibility through affordable housing incentives. RD1.5 zoning combined with Tier 3 TOC incentives may create compelling opportunities for developers to significantly expand project scale beyond traditional zoning limitations. Opportunity to leverage Los Angeles' evolving pro development housing framework, including TOC, CHIP Ordinance incentives, and ED1-related housing initiatives designed to encourage accelerated multifamily developmenT. Located adjacent to 5412 Barton Avenue, creating potential assemblage opportunities for developers seeking larger-scale multifamily redevelopment with improved site planning and enhanced economies of scale.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 1.0 | 4.0 | 10% |
| Square foot | 1,368 | 2,060 | 10% |
| Lot Size | 6,776 | 1,815 | 62% |
| Price | $995.0K | $1.21M | 14% |
| Price per sq ft | $727 | $613 | 76% |
| Built year | 1921 | 2014 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 222 | 5% |
Jun 2, 2026
$995,000
Initial Listing