5076-5084 Pickford St - Apartments FOR SALE


Los Angeles, CA 90019- Miracle Mile
$1,699,500 USD
949-291-7851
5076-5084 Pickford St, Los Angeles, CA for Sale
$1,699,500 USD
Apartments - FOR SALE
1/7
null | 6.39% Cap Rate

5076-5084 Pickford St
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • 4 garages are rented for $300/month
  • Mid City Location, close to shops, restaurants, pubs, cafes
  • 1 block form Redondo

OVERVIEW

5076 Pickford is a 5-unit multi-family property situated in the diverse and up-and-coming Mid City neighborhood of Los Angeles. On the corner of Alsace Avenue & Pickford Street, one block from Redondo this centrally located apartment building is close to restaurants, Sprouts, trendy cafes, shopping and public transportation. There are of three 1 bedroom 1 bath units, and two 2 bedroom 1 bath units, all of which are under market rent which will allow for future upside as tenants move out. One unit is currently vacant, ideal opportunity to raise rents. Tenants pay ALL utilities, including trash. There are 4 garages that generate $1,200 per month in income as well as a few parking spaces in the driveway and some street parking. This prime investment property is in the opportunity zone. Sold as is with no warranties/guarantees made. Property will only be shown once offer is accepted. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$1,699,500 USD

PRICE/SF

$386 USD /SF

# OF UNITS

5

PRICE/UNIT

$339,900

CAP RATE

6.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,129 SF

ZONING

LARD1.5

APN/PARCEL ID

5067-017-001

ASK ABOUT THIS PROPERTY

Stephen DoughtyCB Platinum CommercialMore Info
949-291-7851

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Stephen DoughtyCB Platinum CommercialMore Info
949-291-7851

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