Description
We are pleased to present 5801 Packard St , an 8 unit multifamily property located in the heart of Los Angeles. The property boasts large units (on Avg 1037 SqFt) with 4/8 units extensively renovated. Renovation include in suite washer and dryers, fully redone kitchens and bathrooms, and all new flooring. Current ownership has redone the entirety of the exterior which includes a new roof, new railings and decks, new windows, fresh and modern exterior paint, and landscaping. A new owner can benefit from a turnkey asset with roughly 35% in upside . New ownership can capture immediate upside by passing on the legal allocated cost for new roofs, new windows, new railings and decks, new paint, and the seismic retrofit as a 'pass through' to the tenants. In addition tenant relocation strategies and legal rent increase notices are possible opportunities for new ownership. Buyer to verify **
Location
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Listing Agent: Jonathan Weir Courtesy of: Marcus & Millichap The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 10th August, 2022 2:14 AM (UTC)
