6120 Packard St, Los Angeles, CA 90035
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6120 Packard St Los Angeles, CA 90035

$1,899,000
  • 16 Beds
  • 10 Baths
  • 4,864 Sq.Ft.
For Sale
$1,899,000 Get Pre-Qualified

Map preview of 6120 Packard St, Los Angeles, CA 90035

Property Overview: 6120 Packard St Los Angeles, CA has 16 bedrooms, 10 bathrooms, 4,864 living square feet and 6,984 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: BUYER BACKED OUT...Now it's your time! Hard to find TOWNHOUSE UNITS in prime rental area: 1930's Traditional/Deco Courtyard 4-plex in the heart of historic South Carthay, moments from Beverly Hills, The Grove, and Miracle Mile/Mid City shopping. This property has been meticulously maintained, with recent updates including newer roof, upgraded kitchens, recessed lights and electrical panel. A myriad historic charm like magnesite stairs, plaster walls, period millwork and delicate mouldings throughout. The building is comprised of three spacious townhouse units each with 2 bedrooms + 1.5 bathrooms, in-unit laundry, and plenty of storage, as well as a large 1 bedroom 1 bath unit with its own yard. Three detached garage spaces complete the offering, allowing for potential ADU Development (Buyer to investigate/confirm). Delivered fully occupied the property grosses appx $119,536/year with approx $9,000/year in operating expenses (excluding taxes and mortgage). A rare TROPHY, priced for today's market...a perfect opportunity for someone looking for a foothold in a high rent/high quality tenant area.

Listed by David Tamburo | BRE #01941447 | Rodeo Realty
Co-listed by Peter Maurice | BRE #01129738 | Rodeo Realty
Last checked: 2 minutes ago | Last updated: July 8th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
6,984
HOA Dues
$0/mo
Year built
1935
Garage
1 Car
Property Type:
Multi Family
Status
Active
MLS#
24390633
City
Los Angeles
County
Los Angeles
Time on Site
65 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,094
  • Total Rent: $3,094
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,678
  • Total Rent: $2,678
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,074
  • Total Rent: $1,074
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,114
  • Total Rent: $3,114
  • Pro Forma/Market Rent: $3,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.58%
  • Gross Rent Multiplier: 15.88
  • Gross Scheduled Income: --
  • Net Operating Income: $86,898
  • Gross Operating Income: $119,536
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 6120 Packard St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • Center Hall, Den, Living Room, Utility Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Range, Range Hood
Interior Features
  • Recessed Lighting
  • Levels: One, Two
  • Window Features: Blinds
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned, Garage - Single Door, Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5087004004
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of La Cienega Blvd. East of Crescent Heights Blvd. North of Pico Blvd. South of Olympic Blvd.
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Sale History for 6120 Packard St

Last sold on August 31st, 1993
  • May, 2024

  • May 10, 2024

    Date

    Active

    CRMLS: 24390633

    $1,899,000

    Price

  • August, 1993

  • Aug 31, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 6120 Packard St

Assessed Value (2020): $129,968
Year Land Value Improved Value Assessed Value
2020 $59,604 $70,364 $129,968

Home Value Compared to the Market

This property vs the competition

6120 Packard St is listed 58.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $390.42 per/sqft which puts the price per square foot 49.49% lower than the median price per square foot for the city of Los Angeles.

About 6120 Packard St

Detailed summary of property

6120 Packard St is a multi family located in Los Angeles, CA 90035 and is currently for sale. This multi family property offers 16 bedrooms, 10 bathrooms, roughly 4,864 living square feet, and sits on an approximately 6,984 square foot lot. 6120 Packard St was first listed on ArdentRealEstateGroup.com on May 10, 2024. The homeowner is currently asking $1,899,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 58.25% higher than the median priced home. Local competing homes currently for sale include 1155 S Hayworth Ave, 1141 S Hayworth Ave and 1132 S Wooster St. While the average home in Los Angeles, CA is selling in 101 days, 6120 Packard St has a days on market of 39 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 6120 Packard St Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6120 Packard St

Public county record property details
Beds
8
Baths
7
Year built
1935
Sq. Ft.
4,864
Lot Size
6,988
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
79
APN
5087-004-004

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,579,000
Median List Price/Sq.Ft.
$778
Median Sold Price
$1,214,500
Median Sold Price/Sq.Ft.
$824
Total Inventory
70
Median Sale to List Price %
101.63%
Avg Days on Market
26
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (14.29%), Other (0%)

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Related Resources to 6120 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.