5326 Packard Street

Los Angeles, CA 90019

$1,836,000
Last Sold Price
7
Beds
7
Baths
4,452 Sq. Ft.
$412 / Sq. Ft.
4,452
Sq. Ft.
$412
per Sq. Ft.

Description

New Price and Excellent Value for this wonderful 7-unit Wilshire Vista property located on a quiet residential street consists of 2 structures with 4 units in the front building and 3 units in the back building. Packard is a tree-lined street surrounded by gorgeous 1920s architecture and this building sits just streets away from Wilshire Vista West, recently identified as a Historic District. This centrally located and diverse community is highly desirable due to its proximity to the rest of Los...New Price and Excellent Value for this wonderful 7-unit Wilshire Vista property located on a quiet residential street consists of 2 structures with 4 units in the front building and 3 units in the back building. Packard is a tree-lined street surrounded by gorgeous 1920s architecture and this building sits just streets away from Wilshire Vista West, recently identified as a Historic District. This centrally located and diverse community is highly desirable due to its proximity to the rest of Los Angeles including Miracle Mile, Mid-Wilshire, Mid-City, Koreatown, Downtown Los Angeles, Pico-Robertson, Century City, Larchmont, Hancock Park, and the 10 freeway is just minutes away. This vibrant area has some of the most popular art venues, cafes/restaurants, and shopping. And, with a 90 walk score and 78 bike score, you are close by such places as the Powerplant, The Sycamore Kitchen, Roscoe's House of Chicken and Waffles, Hansen's Cakes, Milk Jar Cookies, Magee's Donuts, Lucy's Mexican Drive-in, Tacos 1986, Malibu Fish Grill or burgers from Earle's On Crenshaw. Additionally, notable landmarks are nearby, including the Petersen Museum, the Los Angeles County Museum of Art, La Brea Tar Pits, the Grove, the Pavilion for Japanese Art, and the La Brea Tar Pits and Museum. Drive by only; property shown with an accepted offer. Please do not disturb the tenants.
  1. Listed by Laura Klein • DRE #01435968 • Brokerage DRE #01435968 • KRE + Associates

Property Details for 5326 Packard Street

Zoning
LAR3
Style
Mid-Century
Cross Streets
Burnside and Cochran
Parcel Number
5085035018
Total Units
7.0
Living Area
4452
Source Living Area
Appraiser
Area
Beverly Center-Miracle Mile (C19)

Location

Listing Courtesy of KRE + Associates, Laura Klein, DRE #01435968

Sold By Nelson Shelton Real Estate Era Powered, Janet Simino, DRE #01365362

Add your commute
LISTING UPDATED: 12/18/2023 03:20 PM

Property Details for 5326 Packard Street

StatusSold
MLS #23-267825
Days on Market205
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.14 AC / 6,300 SF
CountyLos Angeles County

Location

Listing Courtesy of KRE + Associates, Laura Klein, DRE #01435968

Sold By Nelson Shelton Real Estate Era Powered, Janet Simino, DRE #01365362

Add your commute

Building Information for 5326 Packard Street

Stories2Residences-Year Built1942Building Size-Lot Size0.14 AC / 6,300 SF

Payment Calculator

$11,134 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,020

Property Taxes

$1,114

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5326 Packard Street

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Leased
  • Direction Faces: North
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Property Report
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $155,629
  • Net Operating Income: $109,565.88
  • Gross Income: $155,629
  • Cap Rate: 5.80%
  • Gross Rent Multiplier: $12.20
  • Actual Annual Gross Rent: $152,880.84
  • Actual Gross Annual Income: $155,629
  • Financial Info as Of: 08/22/2023
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 46062.96
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Acreage: 0.1427
  • Lot Size Square Feet: 6300
  • Lot Features: Lawn, Landscaped
  • Lot Description: Lawn, Gutters, Landscaped
Parking Details
Parking Details
  • Parking Garage: Uncovered, Garage - 2 Car
  • Total Parking: 5
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 2
  • Parking Features: Uncovered, Garage - Two Door
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition
  • New Construction: No
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Other Structural Features: Rain Gutters, Full Copper Plumbing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-06-2023
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,895.00
  • Unit Actual Rent: $1,895.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,530.00
  • Unit Actual Rent: $1,530.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,820.00
  • Unit Actual Rent: $1,820.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Number of Disposal: 7
  • Number of Electric Meters: 7
  • Number of Gas Meters: 7
  • Number Leased: 7
  • Number Range: 7
  • Number Refrigerator: 7
  • Number Rented Garages: 1
  • Number Water Meters: 7
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $411,938.00
  • Assessed Improvement Percent: 41.52
  • Assessed Land Value: $580,198.00
  • Assessed Land Percent: 58.48
  • Assessed Total Value: $992,136.00

Property History for 5326 Packard Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5326 Packard Street

Taxable ValueLand$603,637Additions$429,659Total$1,033,296
Tax Record2023$13,367 ($1,114 / month)
Home Facts
Total Finished SqFt3,980 SqFtAbove Grade Finished SqFt3,980 SqFtLot Size6,215 SqFtStyleQuadraplexYear Built1942ZoningLAR3CountyLOS ANGELESAPN5085-035-018

Schools near 5326 Packard Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Saturn Street Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KRE + Associates, Laura Klein, DRE #01435968

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.