NOT LISTED FOR SALE

5506 Barton Ave Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $1,261,000 - $1,714,598

0.16 Acre
$8,699,876 Price per Acre
7,040 Sq Ft Lot

Last Sold March 17, 2023

Last sale price $1,075,000 $618 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $8,784/month

13 Days on Market

Highlights

  • Rectangular Lot
  • STEM Academy at Bernstein High Rated A-
  • Fenced

About This Lot

As of March 2023

Vacant lot zoned RD1.5 - potential to build 4 units in the heart of Hollywood. Subject is approximately 50'x140.5' = 7,040 sq ft per tax assessor rolls. Listed at incredible $169.75 per sq ft/land - Excellent opportunity for savvy builder. Plans and permits available. High demand Hollywood location - central to Paramount and Raleigh studios, Hollywood CBD, Melrose Ave, Koreatown, 101 freeway, downtown LA - Great location. Lots of new developments in this coveted area.

Last Agent to Sell the Property

Gary Tani

Coldwell Banker Spectrum License #00790615 Listed on: 01/26/2023

Coldwell Banker Spectrum

Last Buyer's Agent

Gary Tani

Coldwell Banker Spectrum License #00790615 Listed on: 01/26/2023

Coldwell Banker Spectrum

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,491

Lot Details

  • 7,040 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Fenced
  • Rectangular Lot
  • Level Lot
  • Property is zoned LARD1.5

Location

  • City Lot

Utilities

  • Property is located within a water district
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5535-008-011

Property Details

Property Type

Land

Est. Annual Taxes

$13,491

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lot Acreage: 0.1616
  • Lot Dimensions: 50x140
  • Probate: No
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Public Street: Yes
  • Street Description: Public, Sidewalk
  • Street Lights: Yes
  • View: No

Utilities

  • Water District: LADWP
  • Cable: No
  • Electric: On Site
  • Gas: On Site
  • Sewer: In Street
  • Telephone: No
  • Water: District

Schools

  • School District: Los Angeles Unified

Lot Info

  • Special Zoning: Rent Control
  • Horses: No
  • Assessor Parcel Number: 5535-008-011
  • Lot Description: Curbs, Fenced, Lot Shape-Rectangular, Lot-Level/Flat
  • Lot Location: City
  • Lot Size Area: 7040
  • Potential Usage: Potential to build 4-unit multi-family
  • Present Use: Vacant lot - Zoned LARD1.5 - Demolition completed.
  • Staked: No
  • Topography: Flat

Rental Info

  • Land Lease Type: Fee

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Feb 14, 2023
Sold by
La21g Llc
Bought by
Barton Oz Funds Llc
Seller's Agent
Gary Tani
Coldwell Banker Spectrum
Buyer's Agent
Gary Tani
Coldwell Banker Spectrum
List Price
$1,195,000
Sold Price
$1,075,000
Premium/Discount to List
-$120,000
-10.04%
Views
10
Current Estimated Value
$1,405,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,900
Avg. Annual Appreciation
8.57%

Purchase Details

Listed on
Aug 26, 2021
Closed on
Sep 15, 2021
Sold by
Bermudez Aida Vera and The Aida Bermudez Living Trust
Bought by
La21g Llc
Seller's Agent
Gary Tani
Coldwell Banker Spectrum
Buyer's Agent
Taylor Carlson
Taylor Carlson, Broker
List Price
$1,200,000
Sold Price
$1,350,000
Premium/Discount to List
$150,000
12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.54%
Original Mortgage
$1,147,500
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 19, 2019
Sold by
Bermudez Aida Vera
Bought by
Bermudez Aida Vera and The Aida Bermudez Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Barton Oz Funds Llc $1,075,000 Fidelity National Title
La21g Llc $1,350,000 Provident Title Company
Bermudez Aida Vera -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner La21g Llc $0
Previous Owner La21g Llc $1,147,500
Previous Owner Bermudez Miguel B $49,671
Previous Owner Bermudez Miguel Bernal $50,000
Previous Owner Bermudez Miguel Bernal $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $1,075,000 -10.0% $618 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $1,195,000 -11.5% $687 / Sq Ft
10/04/2021 10/04/21 Sold $1,350,000 +12.5% $776 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $1,200,000 -- $690 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,491 $2,568,030 $1,118,430 $1,449,600
2024 $13,491 $1,096,500 $1,096,500 --
2023 $16,856 $1,377,000 $1,020,000 $357,000
2022 $16,073 $1,350,000 $1,000,000 $350,000
2021 $1,268 $87,450 $48,667 $38,783
2020 $1,275 $86,554 $48,168 $38,386
2019 $1,235 $84,858 $47,224 $37,634
2018 $1,165 $83,196 $46,299 $36,897
2016 $1,097 $79,967 $44,502 $35,465
2015 $1,083 $78,767 $43,834 $34,933
2014 $1,102 $77,225 $42,976 $34,249
Source: Public Records

Agents Affiliated with this Home

  • Gary Tani

    Seller's Agent in 2023

    Gary Tani

    Coldwell Banker Spectrum

    (310) 213-0522

    2 in this area

    23 Total Sales

    Section Image

  • T

    Buyer's Agent in 2021

    Taylor Carlson

    Taylor Carlson, Broker

    (949) 463-7883

    1 in this area

    18 Total Sales

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Map

Source: The MLS

MLS Number: 23-236339

The MLS

APN: 5535-008-011

California Los Angeles County Los Angeles 90038 Hollywood

5506 Barton Ave, Los Angeles, CA

This home is located at 5506 Barton Ave, Los Angeles, CA 90038 since 26 January 2023 and is currently estimated at $1,405,900, approximately $807 per square foot. 5506 Barton Ave is a home located in Los Angeles County with nearby schools including Joseph Le Conte Middle School, STEM Academy at Bernstein High, and Helen Bernstein High School.

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