6120 Packard Street

Los Angeles, CA 90035

$1,899,000
Price
7
Beds
7
Baths
4,864 Sq. Ft.
$390 / Sq. Ft.
4,864
Sq. Ft.
$390
per Sq. Ft.

Description

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...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.
  1. Listed by David Tamburo • DRE #01941447 • Brokerage DRE #00858724 • Rodeo Realty
  2. Listed by Peter Maurice • DRE #01129738 • Brokerage DRE #00858724 • Rodeo Realty

Property Details for 6120 Packard Street

Water Front
None
Zoning
LARD1.5
Style
Traditional
Cross Streets
Packard St and S Orlando Ave
Parcel Number
5087004004
Total Units
4.0
Living Area
4864
Source Living Area
Assessor

Location

Listing Courtesy of Rodeo Realty, David Tamburo, DRE #01941447; Rodeo Realty, Peter Maurice, DRE #01129738
Add your commute
LISTING UPDATED: 05/18/2024 12:01 AM

Property Details for 6120 Packard Street

StatusActive
MLS #24-390633
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1935
Lot Size0.16 AC / 6,984 SF
CountyLos Angeles County

Location

Listing Courtesy of Rodeo Realty, David Tamburo, DRE #01941447; Rodeo Realty, Peter Maurice, DRE #01129738
Add your commute

Building Information for 6120 Packard Street

Stories2Residences-Year Built1935Building Size-Lot Size0.16 AC / 6,984 SF

Payment Calculator

$10,559 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,364

Property Taxes

$195

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6120 Packard Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Twnhse/Apt
  • View: No
  • View Description: None
  • View: None
  • Entry Floor Number: 1
  • Water: In Street
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $119,536
  • Net Operating Income: $86,898.00
  • Gross Income: $119,536
  • Cap Rate: 4.58%
  • Gross Rent Multiplier: $15.88
  • Actual Annual Gross Rent: $119,536.00
  • Actual Gross Annual Income: $119,536
  • Actual Rent Total: $119,536.00
  • Financial Info as Of: 05/01/2024
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 8901
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1603
  • Lot Size Square Feet: 6984
  • Lot Description: Fenced Yard, Sidewalks, Curbs
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage - 1 Car, Driveway
  • Total Parking: 3
  • Covered Parking: 1
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 1
  • Carport Spaces Total: 0
  • Parking Features: Assigned, Garage - Single Door, Driveway
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Room Type: Center Hall, Den, Living Room, Utility Room
  • Rooms: Center Hall, Patio Covered, Den, Living Room, Dining Room, Utility Room, Powder
  • Levels: One, Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: Yes
  • Family Room: 0
  • Dining Room: 1
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Flooring: Hardwood
  • Equipment: Dryer, Washer, Garbage Disposal, Refrigerator, Range/Oven, Dishwasher
  • Interior Features: Recessed Lighting, Plaster Walls
  • Room Bathroom Features: Shower in Tub
  • Bathroom Features: Shower and Tub
  • Common Walls: Attached
  • Cooking Appliances: Gas, Range, Range Hood
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: Sprinkler System
  • Patio Features: Covered
  • Entry Location: Ground Level w/steps
  • Windows: Window Blinds
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-10-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity, Cable TV, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,114.80
  • Unit Actual Rent: $3,114.80
  • Unit Projected Rent: $3,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,094.00
  • Unit Actual Rent: $3,094.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,678.00
  • Unit Actual Rent: $2,678.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,074.60
  • Unit Actual Rent: $1,074.60
  • Unit Projected Rent: $2,500.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Carpet: 0
  • Number of Dishwasher: 2
  • Number of Drapes: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Leased: 4
  • Number Patio: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Number Rented Garages: 2
  • Number Wall AC: 3
  • Number Water Meters: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $73,963.00
  • Assessed Improvement Percent: 54.14
  • Assessed Land Value: $62,653.00
  • Assessed Land Percent: 45.86
  • Assessed Total Value: $136,616.00
  • Private Transfer Taxes: No

Property History for 6120 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 6120 Packard Street

Taxable ValueLand$62,653Additions$73,963Total$136,616
Tax Record2023$2,337 ($195 / month)
Home Facts
Total Finished SqFt4,864 SqFtAbove Grade Finished SqFt4,864 SqFtLot Size6,989 SqFtStyleQuadraplexYear Built1935ZoningLARD1.5CountyLOS ANGELESAPN5087-004-004

Schools near 6120 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
Public - 6 to 12
Rating
School
Distance
Carthay Center Elementary
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 to 12

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.

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6120 Packard Street is a multi-family home for sale in Los Angeles, CA 90035. This property was listed for sale on May 10, 2024 by Rodeo Realty, it's currently listed at $1,899,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Carthay Center Elementary, Emerson Community Charter School and Fairfax Senior High School. 6120 Packard Street is a 7-bed, 7-bath, 4,864 sqft multi-family home built in 1935.

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 Rodeo Realty, David Tamburo, DRE #01941447; Rodeo Realty, Peter Maurice, DRE #01129738

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.