5014 Pickford St, Mid-City
Designer 2020 Construction Fourplex | Outstanding 6.52% Cap Rate
5014 Pickford Street is a 2020-built modern fourplex in the heart of Mid-City, offering four tri-level townhomes with sleek finishes, private balconies, and separate utilities. This non-RSO property delivers a strong 6.52% projected cap rate, ideal for 1031 exchange buyers. Recently upgraded with new fencing, gates, landscaping, and electrical enhancements, the building has been immaculately maintained. With two units leased at market rents and two ready for occupancy, it offers flexibility for investors or owner-users.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
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Parking:
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$2,600,000
Fourplex
Off-Market
4
2020
6.52%
11.56
$223,200/Year (Pro Forma)
5,658 sqft
7,002 sqft
$459.43
$650,000
4 x 3b/3b
Yes
7 permitted parking spaces + 3 bonus parking spaces
No
Other Features:
No Rent Control, Recentl upgrades to Landscaping, Gates/Fencing and Electrical
The Highlights
NO RENT CONTROL!
Outstanding projected cap rate of 6.52%!
High-income property in one of LA’s most rapidly appreciating pockets.
Premium modern finishes and open layouts designed for today’s urban renter.
Ideal floor plans appealing to both families, roommates, and young professionals.
All units separately metered for electric and water — low operating expenses!
Meticulously maintained with numerous capital improvements including new no maintenance fencing/security gates, landscaping with irrigation, and electrical upgrades. Plus an additional 3-5 year warranty on appliances, providing a worry-free investment
Turnkey 1031 exchange opportunity — ready to close now!
Surrounded by major tech and media employers, offering strong tenant demand and long-term appreciation potential.
Already a well-run, stabilized asset with long-term tenants in place, all the early kinks have been worked out, making this a truly turnkey investment.
The Neighborhood
<15-Minute Walk
Lucia Mediterranean Grill, Planet Fitness, n/soto, Sprouts Farmers Market, Jurassic Magic, The Pottery, Leo’s Taco Truck, Taqui Taqui, Curry in Hurry LA, Olive Garden
<15-Minute Drive
Trejo’s Tacos, Republique Cafe Bakery, Sonoratown, Spicy Sugar Thai Mid-City, Trader Joe’s, Target, Amazon Studios, HBO, Apple Music Radio Studio
<$15 Uber Ride
Met Her At a Bar, Mizlala, All Season Brewing Company, Highly Likely, Alta Adams, CENTO Pasta Bar, Honey Bee’s House of Breakfast, Chulita
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