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5212 Packard Street, Los Angeles, California 90019, Los Angeles, 90019 - 2 bed, 1 bath

5212 Packard Street, Los Angeles, California 90019 home-pic-0
ACTIVE$1,049,999
5212 Packard Street, Los Angeles, California 90019
2Beds
1Bath
1,136Sqft
3,000Lot

Price Vs. Estimate

The estimated value ($1,024,979.1) is $25,019.9 (2%) lower than the list price ($1,049,999). This property may be overpriced.

Key pros and cons

Top Pros:
Desirable Mid-City Location: Centrally located in Los Angeles' vibrant Mid-City neighborhood (MLS Area C19 - Beverly Center-Miracle Mile), offering convenient access to shopping, dining, entertainment, and major freeways.
Top Cons:
Extensive Renovation Required: The kitchen and bathrooms are explicitly stated as 'ready for updating,' indicating a need for significant renovation and associated costs to modernize these key areas.

Compared to the nearby listings

Price:$1.05M vs avg $1.38M ($-332,501)24%
Size:1,136 sqft vs avg 1,761.5 sqft15%
Price/sqft:$924 vs avg $80171%

More Insights

Built in 1926 (99 years old).
Condition: Built in 1926, this property is significantly aged. While the description mentions 'great bones' and 'endless potential,' it explicitly states that 'the kitchen and bathrooms are ready for updating,' and the exterior also needs improvement. The images confirm this, showing dated kitchen cabinets, backsplash, and bathroom tiles that appear to be 15-30 years old. Major systems are likely functional but show signs of being outdated, consistent with a home of this vintage that has not undergone a full recent renovation. It requires minor to moderate updates and repairs to modernize, but does not appear to have significant defects affecting safety or structural integrity.
Year Built
1926
Close
-
List price
$1.05M
Original List price
$1.1M
Price/Sqft
$924
HOA
-
Days on market
-
Sold On
-
MLS number
25614745
Home ConditionFair
Features
View-

About this home

Welcome to 5212 Packard Street! A charming single-family home located in the heart of Los Angeles' vibrant Mid-City neighborhood. This property offers an excellent opportunity for investors or buyers looking to customize and create their dream home. Features spacious living areas, generous natural light, and classic architectural details. This home has great bones and endless potential. The kitchen and bathrooms are ready for updating, allowing you to bring your own modern design and personal touches. The exterior also offers plenty of opportunity for improvement perfect for those with a vision for beautiful landscaping or an outdoor entertainment space. Conveniently located near shopping, dining, entertainment, and easy freeway access, this home is ideal for anyone seeking to live in or invest in one of L.A.'s most centrally located neighborhoods. Bring your creativity and make this home shine again!

Condition Rating
Fair
Built in 1926, this property is significantly aged. While the description mentions 'great bones' and 'endless potential,' it explicitly states that 'the kitchen and bathrooms are ready for updating,' and the exterior also needs improvement. The images confirm this, showing dated kitchen cabinets, backsplash, and bathroom tiles that appear to be 15-30 years old. Major systems are likely functional but show signs of being outdated, consistent with a home of this vintage that has not undergone a full recent renovation. It requires minor to moderate updates and repairs to modernize, but does not appear to have significant defects affecting safety or structural integrity.
Pros & Cons

Pros

Desirable Mid-City Location: Centrally located in Los Angeles' vibrant Mid-City neighborhood (MLS Area C19 - Beverly Center-Miracle Mile), offering convenient access to shopping, dining, entertainment, and major freeways.
Significant Customization Potential: Described as having 'great bones' and 'endless potential,' this property is an excellent opportunity for buyers or investors to customize and modernize to their personal taste.
Classic Architectural Charm: Built in 1926, the home retains classic architectural details and a charming aesthetic, appealing to those who appreciate historical character.
Spacious Living Areas & Natural Light: The property features spacious living areas and generous natural light, contributing to a bright and inviting interior atmosphere.
Recent Price Adjustment: A recent price reduction from $1,099,000 to $1,049,999 may indicate motivated sellers and offers a more attractive entry point for potential buyers.

Cons

Extensive Renovation Required: The kitchen and bathrooms are explicitly stated as 'ready for updating,' indicating a need for significant renovation and associated costs to modernize these key areas.
Exterior Improvement Needed: The exterior offers 'plenty of opportunity for improvement,' suggesting potential investment in landscaping, curb appeal, or outdoor entertainment space.
Age-Related System Concerns: As a 1926 build, the property may require updates to older systems (e.g., plumbing, electrical, HVAC) not explicitly mentioned but common for homes of this vintage, potentially adding to renovation expenses.

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