5076-5084 Pickford St
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5076-5084 Pickford St
5 Unit Apartment Building $1,699,500 ($339,900/Unit) 6.39% Cap Rate Los Angeles, CA 90019
Investment Highlights
- 4 garages are rented for $300/month
- 1 block form Redondo
- Mid City Location, close to shops, restaurants, pubs, cafes
Executive Summary
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.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$121,128
|
$27.50
|
| Other Income |
$14,400
|
$3.27
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$135,528
|
$30.77
|
| Taxes |
$22,464
|
$5.10
|
| Operating Expenses |
$4,880
|
$1.11
|
| Total Expenses |
$27,344
|
$6.21
|
| Net Operating Income |
$108,184
|
$24.56
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $121,128 |
| Annual Per SF | $27.50 |
| Other Income | |
|---|---|
| Annual | $14,400 |
| Annual Per SF | $3.27 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $135,528 |
| Annual Per SF | $30.77 |
| Taxes | |
|---|---|
| Annual | $22,464 |
| Annual Per SF | $5.10 |
| Operating Expenses | |
|---|---|
| Annual | $4,880 |
| Annual Per SF | $1.11 |
| Total Expenses | |
|---|---|
| Annual | $27,344 |
| Annual Per SF | $6.21 |
| Net Operating Income | |
|---|---|
| Annual | $108,184 |
| Annual Per SF | $24.56 |
Property Facts
| Price | $1,699,500 | Apartment Style | Low Rise |
| Price Per Unit | $339,900 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.39% | Building Size | 4,405 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.6 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1949 |
| Property Type | Multifamily | Parking Ratio | 0.9/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,699,500 |
| Price Per Unit | $339,900 |
| Sale Type | Investment |
| Cap Rate | 6.39% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 12.6 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,405 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 0.9/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,679 | - |
| 2+1 | 2 | $2,287 | - |
1 of 1
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 5067-017-001 | Total Assessment | $683,270 (2024) |
| Land Assessment | $546,624 (2024) | Annual Taxes | $22,464 ($5.10/SF) |
| Improvements Assessment | $136,646 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5067-017-001
Land Assessment
$546,624 (2024)
Improvements Assessment
$136,646 (2024)
Total Assessment
$683,270 (2024)
Annual Taxes
$22,464 ($5.10/SF)
Tax Year
2023
zoning
| Zoning Code | LARD1.5 |
| LARD1.5 |
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5076-5084 Pickford St
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