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5801 Packard Street, Los Angeles, CA 90019
13
beds
12
baths
8300
ft2
· 7239
ft2 lot
$3,190,000
$384 / ft2
Listing provided courtesy of Sean Rosenzweig, Marcus & Millichap.
Source CRMLS.
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.
HOA
$—/month
On market
3 months
Year built
1963
Property type
Multi-Family
Parking
MLS
21677840
Price / Sq.Ft.
$384 / ft2
Status
Active
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Based on a price of $3,190,000
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Property Details
Interior Features & Layout
Interior Size
•   
Building Area Total: 8300.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Covered
Lot Info
•   
Zoning: LARD1.5
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1662
•   
Lot Size Area: 7239.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 8
Building Info
•   
Stories Total: 2
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 201641.00
•   
Total Expenses: 69681.00
•   
Gross Multiplier: 15.40
Tax/Assessment Info
•   
Gross Income: 207172.00
•   
Tax Year: 2019
•   
Taxes: 27621.0
Lease Info
•   
Net Operating Income: 131960.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1141.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1141.00
Unit 7 Information
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 1212.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 1212.00
•   
Unit 7 Bedrooms: 1
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 2100.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 2100.00
Unit 8 Information
•   
Unit 8 Bathrooms: 2
•   
Unit 8 Actual Rent: 0.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 0.00
•   
Unit 8 Bedrooms: 2
•   
Unit 8 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2854.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 2854.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 2133.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 2133.00
•   
Unit 5 Bathrooms: 2
•   
Unit 5 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 13
Unit 6 Information
•   
Unit 6 Actual Rent: 1175.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 1175.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Directions: Positioned just north of Pico Boulevard and east of Fairfax Avenue, the property is located in a prime location within Los Angeles.
Other
Calculation
•   
Cdom: 70
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 23, 2021 9:30am
Neighborhood snapshot
166
Properties for sale
17
Median days on market
$602.19
Median sold price/sqft
99.78%
Sold/List %
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Property History
01/16/2021
01/16/2021
CRMLS #21677840
active
CRMLS #21677840
$3,190,000
--1.09%
12/28/2020
12/28/2020
CRMLS #20648814
pending
CRMLS #20648814
$3,225,000
10/19/2020
10/19/2020
CRMLS #20648814
active
CRMLS #20648814
$3,225,000
+46.59%
10/05/2017
10/05/2017
Public Record
sold
Public Record
$2,200,000
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