$1,695,000

Estimated payment $10,930/month

Total Views 4,759
7 Beds
5 Baths
4,405 Sq Ft
$385 Price per Sq Ft

About This Home

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 considerable future upside as tenants move out. 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.

Listing Agent

Stephen Doughty

Coldwell Banker Platinum Prop Brokerage Phone: 949-291-7851 License #01502374 Listed on: 12/24/2024

Coldwell Banker Platinum Prop

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 6,131 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 4,405 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Urban Location
  • Floor Furnace

Listing and Financial Details

  • Legal Lot and Block 1 / 9
  • Tax Tract Number 6035
  • Assessor Parcel Number 5067017001
  • $994 per year additional tax assessments

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $7,392
  • Water Sewer Expense $840
  • New Taxes Expense $21,378
  • Operating Expense $31,657
  • Gross Income $142,065
  • Net Operating Income $110,408

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.50
  • Price Per Unit: 339000
  • Property Attached: Yes
  • Water Sewer Expenses: 840.00
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 5067017001
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 384.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6131.00
  • Lot Size Acres: 0.1407

Rental Info

  • Garage Rental Rate: 300.00
  • Tenant Pays: All Utilities

Multi Family

  • Garage Income: 14400.00
  • Gross Income: 142065.00
  • Gross Multiplier: 12.00
  • Gross Scheduled Income: 142065.00
  • Insurance Expense: 7392.00
  • Lot Size Area: 6131.0000 Square Feet
  • Net Operating Income: 110408.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 31657.00
  • Rent Control: Yes
  • Total Actual Rent: 121128.00
  • Total Expenses: 31657.00

Tax Info

  • New Taxes Expense: 21378.00
  • Tax Block: 9
  • Tax Census Tract: 2183.00
  • Tax Lot: 1
  • Tax Tract Number: 6035
  • TaxOtherAnnualAssessmentAmount: 994.00

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
12/24/2024 12/24/24 For Sale $1,695,000 -- $385 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24253478

California Regional Multiple Listing Service (CRMLS)