Multifamily
5076 Pickford Street
5076 Pickford St, Los Angeles, CA 90019
Listing Price: $1,500,000
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 5076 Pickford Street. The subject property is located south of Venice Boulevard and north of Washington Boulevard.
The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area.
Situated on a 6,129 square foot parcel, the property is comprised of three one-bedroom units and two two-bedroom units. The property has 15.44% remaining rental upside through unit renovations along with on-site garages being individually rented for additional income.
5076 Pickford Street offers investors an opportunity to acquire an asset in a sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market rents moving forward, makes 5076 Pickford Street an excellent acquisition opportunity.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
5076 Pickford Street
Investment Highlights
- Mid-City offers strong value for tenants priced out of neighboring Country Club Park, Lafayette Square, and Miracle Mile
- Near world-class shopping, dining, museums, entertainment, and employment across Mid-City, Miracle Mile, West Adams, and Koreatown
- Long term ownership - property has been owned for 25 years, offering a rare acquisition opportunity
- The property is being offered at an attractive cap rate of 6.55%
- New ownership has potential to add Accessory Dwelling Units (ADUs) for added future growth and appreciation potential – buyer to verify
Exclusively Listed By
Financing By
Listing Price: $1,500,000
Investment Highlights
- Mid-City offers strong value for tenants priced out of neighboring Country Club Park, Lafayette Square, and Miracle Mile
- Near world-class shopping, dining, museums, entertainment, and employment across Mid-City, Miracle Mile, West Adams, and Koreatown
- Long term ownership - property has been owned for 25 years, offering a rare acquisition opportunity
- The property is being offered at an attractive cap rate of 6.55%
- New ownership has potential to add Accessory Dwelling Units (ADUs) for added future growth and appreciation potential – buyer to verify
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 5076 Pickford Street. The subject property is located south of Venice Boulevard and north of Washington Boulevard. The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on a 6,129 square foot parcel, the property is comprised of three one-bedroom units and two two-bedroom units. The property has 15.44% remaining rental upside through unit renovations along with on-site garages being individually rented for additional income. 5076 Pickford Street offers investors an opportunity to acquire an asset in a sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market rents moving forward, makes 5076 Pickford Street an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Exclusively Listed By
Financing By
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