4567 Pickford St - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$1,795,000 USD
818-939-9961
4567 Pickford St, Los Angeles, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/24
null | 10.72% Cap Rate

4567 Pickford St
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • 40% Vacancy Rate
  • Corner Lot
  • Area being quick developed

OVERVIEW

Major Price/Analysis correction! This corner lot two story, ten-unit apartment building is located on the corner of Pickford St./Vineyard Ave. across from the Pickford Market. This area is being quickly developed and is centrally located in Los Angeles! Located within walking distance of many restaurants, shops, public transit, the Queen Anne Recreation Center and the Nate Holden Performing Arts Center. Four of the ten units are vacant. There are three 1-bed/1-bath units vacant and one 3-bed/1-bath unit vacant. All vacancies have been vacant for over one year, remodeled and ready for your renters immediate move in! Nice mix of 10 units, 1-3 bds, 1-2 ba. 5 remodeled w/4 rent-ready vacancies at market. 25% upside in existing rents. Laundry, new water heater w/hot water recirculating pump, copper plumbing, paint, Siemens Electric Panel. Separate Gas/Electric meters. Turnkey! The GRM, Cap Rate and NOI are on a pro forma basis.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

10

PRICE/UNIT

$179,500

CAP RATE

10.72%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,427 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

5071-024-042

ASK ABOUT THIS PROPERTY

Jon Anthony DolanDolan & Knight - Madison Luxury ApartmentsMore Info
818-939-9961

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Jon Anthony DolanDolan & Knight - Madison Luxury ApartmentsMore Info
818-939-9961

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.