5076-5084 Pickford St, Los Angeles, CA 90019

5 Unit Apartment Building | $1,699,500 ($339,900/Unit) | 6.39% Cap Rate | Los Angeles, CA 90019

Asking Price $1,699,500

Property Type: Multifamily
Square Feet: 4,405 SF

Listing Contacts

Stephen Doughty

Property 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.

Property Details

Class: C
Year Built: 1949
Stories: 2
Lot Size (sq. ft): 6,098 SF
Units: 5

Highlights

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

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