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$3,655,000

Beds
17
sq ft
11,472

4533 Pickford St, Los Angeles, CA 90019

4533 Pickford St

Los Angeles, CA 90019

  • 128 days on market
We are pleased to present this 17 unit offering in a great mid-city location of Los Angeles. The building has an excellent unit mix consisting of (5) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Single /1 Bath units. The units are spread out across 11,472 square feet of gross leasable area, on a large 14,000 square foot lot that is zonedLARD1.5. It was built in 1963 and is subject to LA RSO. There is an interior courtyard with plentiful parking in both the front and the rear of the building and it is secured with gated entry. With great in place cashflow, the opportunity also offers significant rental upside for a future investor. The subject property is well situated in the Mid-City of Los Angeles, surrounded by tremendous growth and developments in the recent past. Located just south of the Mid-Town Crossing and a short distance from a new development that includes Sprouts Farmers Market, Target and Michael's. The area has also benefited from entertainment options such as new and high end restaurants like N/Soto, just around the corner. With plenty of shopping, dining and entertainment options, current and future tenants in the subject property are able to capitalize on an abundance of local amenities.

Details

Property type

Est. home value

$2,539,412

Lot size

0.3215 acres

Price per sq ft

$319

Year built

1963

HOA

No

Price History

05/16/2024
CLAW

CLAW #24392873

Listed
$3,655,000

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

September 2020

Original loan amount

$2,300,000

Est. remaining balance

Not provided

Interest rate

2.9%

Loan type

Commercial

Seller

4533 Pickford Llc

Lender

Jpmorgan Chase Bank Na

Loan start date

March 2012

Original loan amount

$1,312,500

Est. remaining balance

Not provided

Interest rate

2.83%

Loan type

Future Advance Clause / Open End Mortgage

Seller

4533 Pickford Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/20/2024 at 11:40 PM

Listing updated: 08/13/2024 at 12:44 PM

Listed by: William James, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838

MLS: CLAW #24392873

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