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5076 Pickford Street

Los Angeles, CA 90019
  • $1,699,500
  • STATUS: ACTIVE
  • ON SITE: 71 Days
  • ID#: OC24026016
$1,699,500
  • 5
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

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. Tenants pay ALL utilities including trash. 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. Sold as is with no warranties/guarantees made. Property will only be shown once offer is accepted. Please do not disturb tenants. 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. Tenants pay ALL utilities including trash. 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. Sold as is with no warranties/guarantees made. Property will only be shown once offer is accepted. Please do not disturb tenants.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/147336486
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5076 Pickford Street Los Angeles, CA 90019

  • Price: $1,699,500
  • Status: ACTIVE
  • On Site: 71 Days
  • ID#: OC24026016
5
Beds
0
Baths
0
½ Baths
0.14
Acres
Neighborhood:
Los Angeles (90019)
County:
Los Angeles
Area:
Los Angeles (90019)
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. Tenants pay ALL utilities including trash. 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. Sold as is with no warranties/guarantees made. Property will only be shown once offer is accepted. Please do not disturb tenants. 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. Tenants pay ALL utilities including trash. 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. Sold as is with no warranties/guarantees made. Property will only be shown once offer is accepted. Please do not disturb tenants.
Exterior Features

Pool N/K

Interior Features

Cooling N/K Heat Equipment Floor Furnace Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Actual Cap Rate 6.43 Annual Expense Actual 27344 Buildings 1 Cfd Mello Roos Fee 994.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 12.5 Gross Scheduled Income Actual 135528 Monthly Total Fees 82 Terms ConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1258.0 Unit2 Rent Actual 1975.0 Unit3 Rent Actual 2287.0 Unit4 Rent Actual 2391.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Steve Doughty of Coldwell Banker Platinum Prop: 949-291-7851. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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