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5075 Pickford St
Los Angeles, CA 90019
2025 NEW BUILT · Multifamily Property For Sale
·
4 Units
Investment 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.
Executive Summary
NEW CONSTRUCTION 4-UNIT INVESTMENT OPPORTUNITY | OFFERED AT $3,150,000. 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.
Property Facts
| Price Per Unit | $1,077,064 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.60% | Building Size | 6,048 SF |
| Sale Condition | Build to Suit | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price Per Unit | $1,077,064 CAD |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| Sale Condition | Build to Suit |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 6,048 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Property Taxes
| Parcel Number | 5067-002-055 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,132,902 CAD | Total Assessment | $1,132,902 CAD |
Property Taxes
Parcel Number
5067-002-055
Land Assessment
$1,132,902 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,132,902 CAD
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