Multifamily
5801 Packard St
5801 Packard St, Los Angeles, CA 90019
Listing Price: $3,340,000
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
Listing Price: $3,340,000
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

