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5500 Barton Ave Los Angeles, CA 90038

$1,895,000

6 Beds
5 Baths
2,816 Sq.Ft.

For Sale

$1,895,000 Get Pre-Qualified

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Map preview of 5500 Barton Ave, Los Angeles, CA 90038

Property Overview: 5500 Barton Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,816 living square feet and 8,600 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Located in a prime Hollywood pocket, the Barton apartments are surrounded by various shops, restaurants and cafes. The Barton apartments consist of 5 units in total, along with plans (submitted and pending city approval) for 1 ADU. Four of the five units are fully upgraded units, and all five units are currently occupied. The unit breakdown includes four 1 bedroom 1 bathroom units and one 2 bedroom 1 bathroom unit. The unit upgrades include timeless design features, that would appeal to future tenants to come. There are three enclosed garages and five additional open spaces for tenant parking. The property's charming Spanish style accents give a ton of character to the building. Just minutes away from Los Feliz, Larchmont Village, Santa Monica Boulevard and much more, the Barton apartments are a unique find in today's market!

Listed by Jack Baboudjian | BRE #01372116 | Baboudjian Properties Inc.

Last checked: 5 minutes ago | Last updated: March 19th, 2024 | Source CRMLS | DOM: 162

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Home details

Lot Sq. Ft: 8,600
HOA Dues: $0/mo
Year built: 1921
Garage: 3 Car
Property Type:: Apartment

Status: Active
MLS#: GD23207020
City: Los Angeles
County: Los Angeles
Time on Site: 172 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 2
# of Electric Meters: 5
# of Gas Meters: 5
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,932
Total Rent: $2,932
Pro Forma/Market Rent: $2,995

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,183
Total Rent: $2,183
Pro Forma/Market Rent: $2,095

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,871
Total Rent: $1,871
Pro Forma/Market Rent: $2,095

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,896
Total Rent: $1,896
Pro Forma/Market Rent: $2,095

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,871
Total Rent: $1,871
Pro Forma/Market Rent: $2,095

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.07%
Gross Rent Multiplier: 14.68
Gross Scheduled Income: $129,045
Net Operating Income: $96,134
Gross Operating Income: $127,640

Annual Expense Breakdown

Total Operating Expense: $32,911
Electric: $0
Gas/Fuel: $0
New Taxes: $22,740
Trash: $0
Gardener: $960
Insurance: $4,596
Maintenance: $3,200
Professional Management: $0
Water/Sewer: $1,415

Open Houses for 5500 Barton Ave

No upcoming open houses

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Property Details for 5500 Barton Ave

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 8

Lot Information

Lot Features: 2-5 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 5
Parcel Number: 5535008012
Year Built Source: Assessor
Entry Level: 1
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: South of Santa Monica Boulevard and just north of Melrose Avenue - between Wilton and Western Avenues

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Los Angeles Agent

Sale History for 5500 Barton Ave

Last sold for $1,400,000 on September 5th, 2018

November, 2023
Nov 7, 2023

Date

Active

CRMLS: GD23207020

$1,895,000

Price
November, 2023
Nov 4, 2023

Date

Expired

CRMLS: GD23075788

$1,895,000

Price
May 4, 2023

Date

Active

CRMLS: GD23075788

$1,895,000

Price
Listing provided courtesy of CRMLS
March, 2023
Mar 23, 2023

Date

Expired

CRMLS: GD22185876

$2,150,000

Price
Aug 23, 2022

Date

Active

CRMLS: GD22185876

$2,150,000

Price
Listing provided courtesy of CRMLS

The Barton Apartments consist of 5 units in total, along with plans (already submitted and pending city approval) for 1 ADU. Four of the five units are fully upgraded units. The property is conveniently located in a prime pocket of Hollywood and is surrounded with various shops, eateries, and restaurants. The front structure consists of four 1 bedroom 1 bathroom units, and back structure consists of one 2 bedroom 1 bathroom house. The total square footage for the property is 2,816. Low property expenses and easy management makes the Barton Apartments a desirable investment for both an experienced investor or first-time buyer, in a neighborhood that's constantly gentrifying.

Continue Reading
August, 2022
Aug 1, 2022

Date

Expired

CRMLS: 320009167

$2,199,999

Price
Feb 1, 2022

Date

Active

CRMLS: 320009167

$2,199,999

Price
Listing provided courtesy of CRMLS

The Barton Apartments consist of 5 units in total, along with plans (already submitted and pending city approval) for 1 ADU. Four of the five units are fully upgraded units, and there is one unit that is vacant, allowing a buyer to rent at market rate. The property is conveniently located in a prime pocket of Hollywood and is surrounded with various shops, eateries, and restaurants. The front structure consists of four 1 bedroom 1 bathroom units, and back structure consists of one 2 bedroom 1 bathroom house. The total square footage for the property is 2,816.Low property expenses and easy management makes the Barton Apartments a desirable investment for both an experienced investor or first-time buyer, in a neighborhood that's constantly gentrifying.

Continue Reading
October, 2020
Oct 1, 2020

Date

Expired

CRMLS: P0-820001993

$1,998,000

Price
Jun 10, 2020

Date

Price Change

CRMLS: P0-820001993

$1,998,000

Price
Jun 2, 2020

Date

Active

CRMLS: P0-820001993

$2,058,000

Price
Listing provided courtesy of CRMLS

The crown of all jewels. The perfect income property you have been waiting for. Five unit property right between Hollywood and Hancock Park in Korea Town. Your opportunity to acquire 5500 Barton Avenue. Two structures consists a total of five units situated on a 8,599 square foot RD1.5 zoned lot, a beautiful Spanish style property. The front building is composed of four one-bedroom and one-bathroom units. In the rear of the property sits the separate 2 bedroom and 1 bathroom with it's own private patio. All units have been recently remodeled like brand new and features new windows, hardwood flooring, stainless steel appliances, washer/dryer, new tiles, and other upgrades. The back also has a separate detached 3 car garage, also for possible ADU, all with separate doors for privacy, not to mention the numerous parking spaces for all the tenants. 5500 Barton Avenue is within minutes of Hollywood's new trendy restaurants and shops on Melrose Avenue and Santa Monica Boulevard. The immediate area is rapidly improving with newly developed units.

Continue Reading
October, 2020
Oct 1, 2020

Date

Expired

CRMLS: P0-820001991

$1,998,000

Price
Jun 10, 2020

Date

Price Change

CRMLS: P0-820001991

$1,998,000

Price
Jun 2, 2020

Date

Active

CRMLS: P0-820001991

$2,058,000

Price
Listing provided courtesy of CRMLS

The crown of all jewels. The perfect income property you have been waiting for. Five unit property right between Hollywood and Hancock Park in Korea Town. Your opportunity to acquire 5500 Barton Avenue. Two structures consists a total of five units situated on a 8,599 square foot RD1.5 zoned lot, a beautiful Spanish style property. The front building is composed of four one-bedroom and one-bathroom units. In the rear of the property sits the separate 2 bedroom and 1 bathroom with it's own private patio. All units have been recently remodeled like brand new and features new windows, hardwood flooring, stainless steel appliances, washer/dryer, new tiles, and other upgrades. The back also has a separate detached 3 car garage, also for possible ADU, all with separate doors for privacy, not to mention the numerous parking spaces for all the tenants. 5500 Barton Avenue is within minutes of Hollywood's new trendy restaurants and shops on Melrose Avenue and Santa Monica Boulevard. The immediate area is rapidly improving with newly developed units.

Continue Reading
September, 2018
Sep 9, 2018

Date

Sold

CRMLS: 18340746

$1,502,500

Price
Sep 7, 2018

Date

Active

CRMLS: 18340746

$1,600,000

Price
Aug 2, 2018

Date

Expired

CRMLS: 18340746

$1,600,000

Price
Jul 20, 2018

Date

Active

CRMLS: 18340746

$1,600,000

Price
Jun 8, 2018

Date

Pending

CRMLS: 18340746

$1,600,000

Price
May 4, 2018

Date

Active

CRMLS: 18340746

$1,600,000

Price
Listing provided courtesy of CRMLS

This extremely well located and charming Spanish style fourplex plus small house has been partially remodeled and sits on a large 8,599 square foot lot. The property is just west of Western between Santa Monica Boulevard and Melrose in the east part of Hollywood within walking distance to all the new trendy restaurants on Santa Monica Boulevard, like The Burgerarian, Baroo and Tlayuda L.A. The main building has four one-bedroom units, with one being delivered vacant. The 2+1 house in the rear of the property has been substantially remodeled and features hardwood flooring, stainless steel appliances, washer/dryer, new flooring, tile and other upgrades. There are three enclosed garages plus at least five spaces for open parking for tenants. The utilities are separately metered for both gas and electric. This is a tremendous opportunity to purchase a well maintained, cute bungalow-style complex in a location that continues to improve at a good in-going CAP rate.

Continue Reading
September, 2018
Sep 5, 2018

Date

Sold (Public Records)

Public Records

$1,400,000

Price
April, 2017
Apr 28, 2017

Date

Sold (Public Records)

Public Records

$1,035,000

Price

Tax History for 5500 Barton Ave

Assessed Value (2020): $1,428,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,122,000	$306,000	$1,428,000

Home Value Compared to the Market

This property vs the competition

5500 Barton Ave is listed 51.72% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $672.94 per/sqft which puts the price per square foot 12.83% lower than the median price per square foot for the city of Los Angeles.

About 5500 Barton Ave

Detailed summary of property

5500 Barton Ave is a apartment located in Los Angeles, CA 90038 and is currently for sale. This apartment offers 6 bedrooms, 5 bathrooms, roughly 2,816 living square feet, and sits on an approximately 8,600 square foot lot. 5500 Barton Ave was first listed on ArdentRealEstateGroup.com on November 7, 2023. The homeowner is currently asking $1,895,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 51.72% higher than the median priced home. Local competing homes currently for sale include 5008 Rosewood Ave, 1140 N Beachwood Dr and 625 N Plymouth Blvd. While the average home in Los Angeles, CA is selling in 97 days, 5500 Barton Ave has a days on market of 162 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 5500 Barton Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5500 Barton Ave

Public county record property details

Beds: 5
Baths: 5
Year built: 1921
Sq. Ft.: 2,816
Lot Size: 8,599
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 12
APN: 5535-008-012

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,375,000

Median List Price/Sq.Ft.

$714

Median Sold Price

$1,110,000

Median Sold Price/Sq.Ft.

$629

Total Inventory

Median Sale to List Price %

94.87%

Avg Days on Market

Loan Type

Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.