5075 Pickford, Los Angeles, CA 90019 For Sale

Here’s a LoopNet / Offering Memorandum–style description (heavy on numbers, investor-focused):

🏢 5075 Pickford Street | Los Angeles, CA

NEW CONSTRUCTION 4-UNIT | OFFERED AT $3,150,000

Investment Summary

• Price: $3,150,000

• Units: 4

• Year Built: 2025

• Total Building Size: 6,048 SF

• Price Per SF: ~$521/SF

• Gross Scheduled Income: $189,600

• Monthly Income: $15,800

• Projected NOI: ~$130,000 – $145,000

• Cap Rate (In-Place): ~4.1% – 4.6%

• Projected Market Cap (Stabilized): ~4.4% – 4.8%+

• Expense Ratio: ~25%–30% (separate meters)

📊 VALUE-ADD + UPSIDE

• ADU Potential → Additional income stream

• Rental Upside → Market rents support increased income

Projected Market Rents:

• 3 Bed Units: $4,000 – $4,200

• 4 Bed Unit: $4,300 – $4,500

Projected Gross Income:

~$198,000 – $204,000

Projected NOI:

~$138,000 – $150,000

🏗 PROPERTY DETAILS

• Two detached townhouse-style buildings

• (1) 4 Bed / 3 Bath | 1,654 SF

• (3) 3 Bed / 3 Bath | 1,446 – 1,485 SF

Features:

• Separate gas, water, and electric meters

• Tenants pay utilities

• Central AC + mini splits

• In-unit laundry hookups

• Private balconies & rooftop deck (approx. 98 SF & 230 SF)

• Paid-off solar panels

• Two 2-car carports + additional rear parking

• New construction = low maintenance / low capital expenditures

📍 LOCATION

Prime Mid-City Los Angeles location just minutes from Beverly Hills, with close proximity to:

• Shopping centers

• Restaurants & nightlife

• Museums & entertainment

• Parks & schools

• Major freeways (easy access to West LA, DTLA, and surrounding areas)

High-demand rental corridor for large unit formats.

💰 FINANCING OVERVIEW

• Conventional Freddie Mac High-Balance Loan Eligible

• Max Loan (4 Units): $2,402,625

• Estimated Interest Rate: ~6%

Typical Buyer Scenario:

• Purchase Price: ~$3,000,000

• Down Payment (20%): ~$600,000

• Loan: ~$2.4M

Above $3M pricing typically requires 25%–30% down

📈 MARKET POSITIONING

Closed Comparable Benchmarks:

• 12895 Sycamore Ave – $3,700,000 (Vacant)

• 2202 Thurman Ave – $3,500,000 (Larger + Higher Income)

Market Avg Price/SF: ~$479/SF

Subject: ~$521/SF

Positioned below top-of-market ceiling while offering brand-new construction + stabilized income

🎯 INVESTMENT HIGHLIGHTS

• 2025 New Construction Asset

• Strong In-Place Cash Flow

• Low Expense Ratio (Separate Meters)

• Large Unit Mix (3–4 Beds = Lower Turnover)

• ADU Value-Add Opportunity

• Rental Growth Potential

• Ideal for 1031 Exchange Buyers

• Institutional-quality small multifamily asset

If you want, I can also create:

✅ A full OM package layout (cover page + photos + financial charts)

✅ A rent roll page + cap rate graph (very high-end investor look)

✅ A deal underwriting sheet (cash-on-cash return for buyers)