5075 Pickford St - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$2,995,000 USD
562-225-4802
5075 Pickford St, Los Angeles, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/40
null | 4.84% Cap Rate

5075 Pickford St
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Located in the Mid-City neighborhood of Los Angeles, with convenient access to Beverly Hills, major freeways, dining, shopping, and cultural attractio
  • Residences offer private outdoor spaces such as balconies or rooftop decks, enhancing livability and appeal for tenants.
  • POTENTIAL TO ADD AN ADU
  • TERRACES IN 3 OUT OF THE 4 UNITS
  • SELLER IS WILLING TO CARRY BACK A LOAN
  • SELLER IS WILLING BUY DOWN RATE

OVERVIEW

NEW CONSTRUCTION 4-UNIT INVESTMENT OPPORTUNITY | REDUCED TO $2,995,000. Built in 2025, this 6,048 SF fourplex consists of two detached townhouse-style buildings with a highly desirable unit mix of (1) 4 bed / 3 bath and (3) 3 bed / 3 bath units, designed to attract strong tenant demand and long-term stability. The property generates $189,600 in gross annual income ($15,800/month) with tenants paying all utilities, resulting in a low ~24% expense ratio. With only property taxes (approx. 1.25% = $39,375) and insurance (~$4,000) as primary expenses, the asset produces a strong in-place NOI of approximately $136,745, equating to a 4.34% cap rate at asking price. Market rent projections support increased income to $198,000–$204,000 annually, with a projected NOI of $145,000–$150,000, offering a future cap rate of up to ~4.75%. Additional highlights include separate gas, water, and electric meters, paid-off solar panels, central AC with mini splits, in-unit laundry, private balconies/decks, and multiple parking options including carports and additional rear parking. The property also offers ADU potential, creating further upside and value-add opportunity. Ideally located in Mid-City Los Angeles just minutes from Beverly Hills, this asset is positioned for strong cash flow, minimal maintenance, and long-term appreciation, making it an excellent opportunity for 1031 exchange buyers or long-term investors seeking a turnkey, institutional-quality asset. CALL DIANA HERNANDEZ (562)331-2225.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$495 USD /SF

# OF UNITS

4

PRICE/UNIT

$748,750

CAP RATE

4.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2025 NEW BUILT

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,577 SF

ZONING

LARD1.5

APN/PARCEL ID

5067-002-055

ASK ABOUT THIS PROPERTY

Paola MelendezCentury 21 AllstarsMore Info
562-225-4802

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Paola MelendezCentury 21 AllstarsMore Info
562-225-4802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.