5801 Packard Street
- – beds
- – baths
- – sqft
- 7,239 sqft lot
- 1963 build
- – on site
I am pleased to offer for sale an eight-unit apartment community located at 5801 Packard Street. The offering represents an excellent buying opportunity to acquire a stabilized asset with remaining value-add potential. Situated on a 7,239 square foot parcel, the property comprises of four one-bedroom units, three two-bedroom units, and one three-bedroom unit (The three-bedroom unit is currently a two-bedroom den with potential to convert to a three-bedroom). Current ownership has extensively renovated three of the eight units at the property including adding stainless steel appliances, new cabinetry, new flooring, quartzite counter-tops, new ceiling fans, and upgraded lighting and is achieving premiums over the average in-place rents: $924 for one-bedroom units and $721 for two bedroom units. Additionally, current ownership has already completed the seismic retrofit work.
Last checked: Checking… • Last updated Feb 10, 2021 • Source: CRMLS_CA
MLS# 21677840 —
Amenities & Taxes
The Building
- Year Built:
- 1963
- Building Area Total:
- 8300.00
- Number Of Buildings:
- 1
- Total Number Of Units:
- 8
- Stories Total:
- 2
Location
- Directions:
- Positioned just north of Pico Boulevard and east of Fairfax Avenue, the property is located in a prime location within Los Angeles.
- Latitude:
- 34.05314200
- Longitude:
- -118.36402300
The Property
- Zoning:
- LARD1.5
- Lot Size Area:
- 7239.0000
- Lot Size Acres:
- 0.1662
- Lot Size Square Feet:
- 7239.00
- Lot Size Source:
- Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
- Special Listing Conditions:
- Standard
- Parcel Number:
- 5086014001
The Community
- Senior Community:
- No
Parking
- Parking:
- Yes
- Parking:
- Covered
Schools
| Rating | Details | |
|---|---|---|
|
5
|
Carthay Center Elementary School
|
|
|
7
|
Fairfax Senior High School
|
|
|
6
|
Emerson Community Charter School
|
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.
The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org
WalkScore®
Provided by WalkScore® Inc.
Soundscore™
Provided by HowLoud
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/16/21
Jan 16, 2021
|
Relisted | CRMLS_CA | $3,190,000 | |
|
12/28/20
Dec 28, 2020
|
Pending | CRMLS_CA | ||
|
10/19/20
Oct 19, 2020
|
Listed / Active | CRMLS_CA |