Multifamily For Sale

$3,190,000

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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.

CRMLS_CA logo Listing courtesy of CRMLS_CA / Sean Rosenzweig / Marcus & Millichap

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:

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

  • Public
  • K-5
  • 0.5 mi
7

Fairfax Senior High School

  • Public
  • 9-12
  • 2.1 mi
6

Emerson Community Charter School

  • Public
  • 6-8
  • 4.1 mi

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

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Sale history

Date Event Source Price % Change
1/16/21
Relisted CRMLS_CA $3,190,000
12/28/20
Pending CRMLS_CA
10/19/20
Listed / Active CRMLS_CA

Finding records…

No additional history available

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5801 Packard Street
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