6120 Packard Street

Los Angeles, CA 90035

$1,730,625
Last Sold Price
7
Beds
10
Baths
4,864 Sq. Ft.
$356 / Sq. Ft.
4,864
Sq. Ft.
$356
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 #00951359 • Rodeo Realty
  2. Listed by Peter Maurice • DRE #01129738 • Brokerage DRE #00951359 • Rodeo Realty

Property Details for 6120 Packard Street

Architectural Style
Traditional
View
None
Parking Spaces Total
3
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Lot Size Source
Assessor
Living Area
4864
LISTING UPDATED: 08/14/2024 04:43 AM

Property Details for 6120 Packard Street

StatusClosed
MLS #24390633
Days on Market42
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

Building Information for 6120 Packard Street

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

Property Information for 6120 Packard Street

Rental Info
Rental Info
  • Tenant Pays: Gas, Electricity, Cable TV, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $119,536
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $119,536
  • Net Operating Income: $86,898
  • Gross Multiplier: 15.88
  • Cap Rate: 4.58
  • Financing: Cash To New Loan
Expense Details
  • Total Expenses: $8,901
Tax / Assessment Info
  • Tax Mello Roos: No
Community / Development
Community / Development
  • Assessments YN: No
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Refrigerator, Range, Range Hood
  • Equipment: Dryer, Washer, Garbage Disposal, Refrigerator, Range/Oven, Dishwasher
  • Interior Features: Recessed Lighting
  • Room Type: Center Hall, Den, Living Room, Utility Room
  • Rooms: Center Hall, Patio Covered, Den, Living Room, Dining Room, Utility Room, Powder
  • Room Bathroom Features: Shower in Tub
  • Bathroom Features: Shower and Tub
  • Laundry: Yes
  • Laundry Features: Washer Included, Dryer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Flooring: Wood
Exterior Features
  • Window Features: Blinds
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Roof: Composition, Shingle
  • Entry Location: Ground Level w/steps
  • Other Structures: None
  • View Description: None
  • Waterfront Features: None
  • Patio: Yes
  • Patio Features: Covered
  • Patio And Porch Features: Covered
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
  • Tennis Court: None
  • Tennis: No
Land/Lot Info
  • Lot Location: City
  • Number Of Units: 4
  • Sprinklers: Sprinkler System
  • Levels: One, Two
  • Water: In Street
  • Sewer: Other
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Assigned, Garage - 1 Car, Driveway
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Covered Parking: 1
  • Parking Features: Assigned, Garage - Single Door, Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $3,115
  • Unit Type Total Rent: $3,115
  • Unit Type Pro Forma: 3750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $3,094
  • Unit Type Total Rent: $3,094
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,678
  • Unit Type Total Rent: $2,678
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,075
  • Unit Type Total Rent: $1,075
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

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$63,906Additions$75,442Total$139,348
Tax Record2024$2,366 ($197 / month)
Home Facts
Total Finished SqFt4,864 SqFtAbove Grade Finished SqFt4,864 SqFtLot Size6,988 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.

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. Offers of compensation are subject to change at the discretion of the seller. 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.