5416 Barton Avenue, Los Angeles, California 90038, Los Angeles, 90038 - 3 bed, 1 bath
Loading property details...
Los Angeles, California 90038
This property presents a High-Potential Investment Opportunity with a List Price of $800,000—positioned well below the $899,056 Fair Market Value by 11%. This valuation gap offers $99,056 in Instant Equity. Featuring a Condition Rating of 5, this RD1.5-zoned asset requires total rehabilitation but offers significant density bonuses via Tier 3 TOC incentives. The mandatory assemblage with 5412 Barton Avenue creates a scalable project for Multifamily Developers and Institutional Investors targeting Hollywood’s high-demand rental corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5416 Barton Avenue Subject | $800,000* List Price | 3 | 1 | 1,615 | $557 | - |
A 5552 Barton Avenue Sold | $940,000 | 2 | 1 | 1,548 | $607 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921 and marketed primarily as a redevelopment opportunity for land value. The interior shows a severely dated bathroom with damaged cabinetry and fixtures exceeding 30-50 years in age, indicating a lack of modern systems and a need for a total rehab.
The property is situated in a Tier 3 Transit Oriented Communities (TOC) Incentive Area with RD1.5 zoning, allowing for significant density bonuses and reduced parking requirements.
Located near major employment hubs including Netflix, Paramount Studios, and the Hollywood Media District, ensuring strong sustained rental demand for future units.
The requirement to purchase with the adjacent lot at 5412 Barton Avenue provides a rare opportunity for a larger-scale multifamily development with improved economies of scale.
The property must be purchased with the adjacent lot for a combined price of $1,795,000, which increases the initial capital requirement and limits buyer flexibility.
As a 1921 structure sold primarily for its land value and development potential, the project will require substantial additional investment for demolition or a total overhaul.
Must be purchased with adjacent property at 5412 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 | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 4.0 | 10% |
| Square foot | 1,615 | 2,060 | 19% |
| Lot Size | 6,779 | 1,815 | 62% |
| Price | $800.0K | $1.21M | 5% |
| Price per sq ft | $495 | $610 | 5% |
| Built year | 1921 | 2014 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 222 | 5% |
Jun 2, 2026
$800,000
Initial Listing