5351 Packard Street

Los Angeles, CA 90019

$1,599,000
Last Sold Price
6
Beds
3
Baths
2,895 Sq. Ft.
$552 / Sq. Ft.
2,895
Sq. Ft.
$552
per Sq. Ft.

Description

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...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.

Listing Agent

  1. Gia Casty

    Gia Casty

    Listing Agent

    Compass

    DRE #01520830

    gia@compass.com

    P: 310.824.3550

Property Details for 5351 Packard Street

Zoning
LAR3
Style
Art Deco
Cross Streets
Dunsmuir
Parcel Number
5085015042
Total Units
2.0
Living Area
2895
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)

Location

Listing Courtesy of Compass, Gia Casty, DRE #01520830

Sold By Non-Participant Office, Subscriber Non, DRE #13252

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LISTING UPDATED: 08/14/2022 12:35 PM

Property Details for 5351 Packard Street

StatusSold
MLS #22-159521
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.13 AC / 5,605 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Gia Casty, DRE #01520830

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute

Virtual Tour

Building Information for 5351 Packard Street

Stories-Residences-Year Built1938Building Size-Lot Size0.13 AC / 5,605 SF

Payment Calculator

$10,358 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,726

Property Taxes

$1,632

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5351 Packard Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: side by side
  • View: Yes
  • View Description: Tree Top
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $93,120
  • Net Operating Income: $91,620.00
  • Gross Income: $93,120
  • Gross Rent Multiplier: $16.66
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 3000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1287
  • Lot Size Square Feet: 5605
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 0
  • Parking Features: Garage - Two Door
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Washer, Refrigerator
  • Common Walls: Attached
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-11-2022
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $103,689.00
  • Assessed Improvement Percent: 26.36
  • Assessed Land Value: $289,658.00
  • Assessed Land Percent: 73.64
  • Assessed Total Value: $393,347.00

Property History for 5351 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 5351 Packard Street

Taxable ValueLand$1,200,000Additions$399,000Total$1,599,000
Tax Record2023$19,584 ($1,632 / month)
Home Facts
Total Finished SqFt2,895 SqFtAbove Grade Finished SqFt2,895 SqFtLot Size5,606 SqFtStyleDuplexYear Built1938ZoningLAR3CountyLOS ANGELESAPN5085-015-042

Schools near 5351 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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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 Compass, Gia Casty, DRE #01520830

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.