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.
Listing courtesy of CRMLS_CA / Sean Rosenzweig / Marcus & Millichap
MLS# 21677840 —
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- Positioned just north of Pico Boulevard and east of Fairfax Avenue, the property is located in a prime location within Los Angeles.
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- No listing contact info available
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Carthay Center Elementary School
Fairfax Senior High School
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
Jan 16, 2021
Dec 28, 2020
Oct 19, 2020
|Listed / Active||CRMLS_CA|
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