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Multifamily

5801 Packard St

5801 Packard St, Los Angeles, CA 90019

Listing Price: $3,340,000

Cap Rate
3.90%
Number of Units
8
Occupancy
100.0%
Price/Unit
$417,500
Price/Gross SF
$402.41
Gross SF
8,300

Investment Overview

We are pleased to present 5801 Packard St , an 8 unit multifamily property located in the heart of Los Angeles. The property boast large units (on Avg 1037 SqFt) with 4/8 units extensively renovated. Renovation include in suite washer and dryers, fully redone kitchens and bathrooms, and all new flooring. Current ownership has redone the entirety of the exterior which includes a new roof, new railings and decks, new windows, fresh and modern exterior paint, and landscaping. A new owner can benefit from a turnkey asset with roughly 35% in upside . New ownership can capture immediate upside by passing on the legal allocated cost for new roofs, new windows, new railings and decks, new paint, and the seismic retrofit as a ‘pass through’ to the tenants. In addition tenant relocation strategies and legal rent increase notices are possible opportunities for new ownership. Buyer to verify **

Investment Highlights

  • 50% of Building Extensively Renovated with W/D
  • Units XXL (Average 1037 SqFt)
  • Over $300,000 in Capital Improvements Made in the Last 12 Months

Exclusively Listed By

Financing By

Multifamily

5801 Packard St

Listing Price: $3,340,000

Cap Rate
3.90%
Number of Units
8
Occupancy
100.0%
Price/Unit
$417,500
Price/Gross SF
$402.41
Gross SF
8,300

Investment Highlights

  • 50% of Building Extensively Renovated with W/D
  • Units XXL (Average 1037 SqFt)
  • Over $300,000 in Capital Improvements Made in the Last 12 Months

Investment Overview

We are pleased to present 5801 Packard St , an 8 unit multifamily property located in the heart of Los Angeles. The property boast large units (on Avg 1037 SqFt) with 4/8 units extensively renovated. Renovation include in suite washer and dryers, fully redone kitchens and bathrooms, and all new flooring. Current ownership has redone the entirety of the exterior which includes a new roof, new railings and decks, new windows, fresh and modern exterior paint, and landscaping. A new owner can benefit from a turnkey asset with roughly 35% in upside . New ownership can capture immediate upside by passing on the legal allocated cost for new roofs, new windows, new railings and decks, new paint, and the seismic retrofit as a ‘pass through’ to the tenants. In addition tenant relocation strategies and legal rent increase notices are possible opportunities for new ownership. Buyer to verify **

Exclusively Listed By

Financing By

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