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5076 Pickford Street

Los Angeles (City), CA 90019
  • $1,749,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: OC24026016
Price Reduced
$1,749,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Steve Doughty of Coldwell Banker Platinum Prop (949-552-0505)


Description

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 way under market rent which will allow for considerable future upside as tenants move out. One of the 1 bedroom units will be empty on March 31st. All units are separately metered for gas and electric. There are 4 garages that generate $1,200 per month in income as well as a few spots in the driveway and some street parking. This prime investment property is in the opportunity zone and will not last long! Sold as is with no warranties/guarantees made. Property will only be shown once offer is accepted. Please do not disturb tenants. Buyers to cooperate with Sellers 1031 exchange.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-28T00:30:24.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147336388
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5076 Pickford Street Los Angeles (City), CA 90019

  • Price: $1,749,000
  • Status: Active
  • On Site: 21 Days
  • ID#: OC24026016
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1949
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
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 way under market rent which will allow for considerable future upside as tenants move out. One of the 1 bedroom units will be empty on March 31st. All units are separately metered for gas and electric. There are 4 garages that generate $1,200 per month in income as well as a few spots in the driveway and some street parking. This prime investment property is in the opportunity zone and will not last long! Sold as is with no warranties/guarantees made. Property will only be shown once offer is accepted. Please do not disturb tenants. Buyers to cooperate with Sellers 1031 exchange.
Exterior Features

Entry Level 1 Entry Location Front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 6 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Heating Floor Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 6.19 Common Interest Community Apartment Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 135528 Gross Scheduled Income 135528 Insurance Expense 3000 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional1031 Exchange Net Operating Income 108184 New Construction YN No New Taxes Expense 22464 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 27344 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 121128 Trash Expense 0 Water Sewer Expense 800 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-28T00:30:24.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Steve Doughty of Coldwell Banker Platinum Prop (949-552-0505)