5351 Packard St, Los Angeles, CA 90019
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5351 Packard St Los Angeles, CA 90019

$1,599,000 Sold Price as of 08/12/2022
  • 7 Beds
  • 4 Baths
  • 2,895 Sq.Ft.
Sold
$1,599,000 Sold Price as of 08/12/2022 Refinance Your Mortgage

Map preview of 5351 Packard St, Los Angeles, CA 90019

Property Overview: 5351 Packard St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,895 living square feet and 5,605 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Authentic Art Deco Spanish duplex in coveted Wilshire Vista/Miracle Mile. Situated on the north/west corner and overlooking beautiful 1920s Spanish architecture, this side by side duplex resides in a rare R3 zoning section of the neighborhood. Originally built in 1938 and adorned with the most beautiful bougainvillea, Chinese Elm, and fruit trees each unit feels like a single family residence with direct access and 2-car garage. Exuding old world charm, the units showcase post + beam ceilings, rotunda bay windows, wood-burning fireplaces, original hardwood floors, formal dining, and breakfast nooks off the kitchen. The owner's unit is updated and large with over 1800 sqft boasting a step down living room with FP and giant windows casting natural light with gorgeous greenery, 3 spacious beds with 2 en-suite baths, sun-filled dining, IN-UNIT laundry/utility room, and access to very your own private yard filled with an array of palms, ivy, and bougainvillea; perfect to BBQ + entertain. The secondary unit is also private + updated with 2 bright and airy beds, 1 large bath with separate tub + shower, IN-UNIT laundry, and access to your private yard. The building is embellished with spanish tiles, swoony landscaping, and meandering pathways. It is well maintained with updated systems, central HVAC + tankless water heaters for both units, and storage. Stellar location with walkability to cafes like Paper + Plastik, Bloom, and Sky's gourmet Tacos. Most important --you have quick access to the 10 freeway taking you anywhere in the city! Great upside potential. Perfect portfolio add for 1031 exchange or owner-user. Owner's unit occupied at $4000/month. Secondary unit delivered vacant.

Listed by Gia Casty | BRE #01520830 | Compass
Last checked: 13 minutes ago | Last updated: August 14th, 2022 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
5,605
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22159521
City
Los Angeles
County
Los Angeles
Time on Site
708 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.66
  • Gross Scheduled Income: --
  • Net Operating Income: $91,620
  • Gross Operating Income: $93,120
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5351 Packard St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Two Door
Property Information
  • Has View
  • Total # of Units: 2
  • Parcel Number: 5085015042
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Between San Vicente + Pico. E. of Hauser on NE corner of Packard + Dunsmuir.
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Sale History for 5351 Packard St

Last sold for $1,599,000 on August 12th, 2022
  • August, 2022

  • Aug 12, 2022

    Date

    Sold

    CRMLS: 22159521

    $1,599,000

    Price

  • Jun 11, 2022

    Date

    Active

    CRMLS: 22159521

    $1,599,000

    Price

  • April, 1999

  • Apr 30, 1999

    Date

    Sold (Public Records)

    Public Records

    $272,000

    Price

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Tax History for 5351 Packard St

Assessed Value (2020): $389,314
Year Land Value Improved Value Assessed Value
2020 $286,688 $102,626 $389,314

Home Value Compared to the Market

This property vs the competition

5351 Packard St sold on August 12, 2022 for 34.37% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $552.33 per/sqft which puts the price per square foot 26.84% lower than the current median sale per square foot for the city of Los Angeles.

About 5351 Packard St

Detailed summary of property

5351 Packard St is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 2,895 living square feet, and sits on an approximately 5,605 square foot lot. 5351 Packard St was first listed on ArdentRealEstateGroup.com on June 11, 2022. The homeowner sold the property for $1,599,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 34.37% higher than the current median priced home. Local homes that are currently for sale include 1119-1121 S Orange Dr, 1089 S Orange Dr and 1296 S Citrus Ave. While the average home in Los Angeles, CA is selling in 92 days, 5351 Packard St has a days on market of 34 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 5351 Packard St Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5351 Packard St

Public county record property details
Beds
6
Baths
3
Year built
1938
Sq. Ft.
2,895
Lot Size
5,605
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
96
APN
5085-015-042

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,599,800
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
70
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Related Resources to 5351 Packard St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.