$1,695,000
PENDING $280K PRICE DROP

Estimated payment $10,975/month

Total Views 1,500
16 Beds
12 Baths
5,817 Sq Ft
$291 Price per Sq Ft

Highlights

  • Corner Lot
  • Laundry Room
  • Wall Furnace
  • No HOA

About This Home

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.Nice mix of 10 units, 1-3 bds, 1-2 ba. Laundry, new water heater w/hot water recirculating pump, copper plumbing, paint, Siemens Electric Panel. Separate Gas/Electric meters.Turn Key!

Listing Agent

Jon Dolan

First Class Real Estate Brokerage Phone: 818-939-9961 License #01872197 Listed on: 03/06/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 4,250 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • Apartment
  • Flat Roof Shape

Interior Spaces

  • 5,817 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 28 / B
  • Tax Tract Number 666
  • Assessor Parcel Number 5071024042

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,896
  • Fuel Expense $1,813
  • Gardener Expense $4,500
  • Insurance Expense $5,859
  • Trash Expense $5,937
  • Water Sewer Expense $4,208
  • Operating Expense $24,213
  • Gross Income $191,160
  • Net Operating Income $192,405

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Price Per Unit: 169500
  • Property Attached: Yes
  • Water Sewer Expenses: 4207.90
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 4500.00
  • Parcel Number: 5071024042
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Off Street
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 291.39

Exterior Features

  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Parking: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5936.80
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4250.00
  • Lot Size Acres: 0.0976

Multi Family

  • Average1 Bed Area: 325 Square Feet
  • Average2 Bed Area: 575 Square Feet
  • Average3 Bed Area: 750 Square Feet
  • Electric Expense: 1896.00
  • Fuel Expense: 1813.00
  • Gross Income: 191160.00
  • Gross Scheduled Income: 237000.00
  • Insurance Expense: 5859.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 4250.0000 Square Feet
  • Net Operating Income: 192405.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 10
  • Operating Expense: 44795.00
  • Other Income Description: Four (4) of Ten (10) units vac
  • Rent Control: Yes
  • Total Expenses: 24213.40
  • Vacancy Allowance Rate: 40.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 2182.20
  • Tax Lot: 28
  • Tax Tract Number: 666

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 Pending -- -- --
05/19/2025 05/19/25 Price Changed $1,695,000 0.0% $291 / Sq Ft
05/19/2025 05/19/25 For Sale $1,695,000 -5.6% $291 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
04/01/2025 04/01/25 Price Changed $1,795,000 -5.3% $309 / Sq Ft
03/19/2025 03/19/25 Price Changed $1,895,000 -4.1% $326 / Sq Ft
03/06/2025 03/06/25 For Sale $1,975,000 -- $340 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25049662

California Regional Multiple Listing Service (CRMLS)