4647 Pickford Street, Los Angeles, CA 90019
Fourplex · 2 recorded sales since 2019
Sold February 2023
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: Zoey Granott · URBANLIME Real Estate · MLS #BB22238352 · Source: CRMLS
About this fourplex
4647 Pickford St is a MEGA-SIZED 3-story townhome-style new construction fourplex in prime Mid-City with NO RENT CONTROL! This upscale property is made up of four expansive 4 bedroom, 4 bathroom units. With tons of balconies, ideal parking (a private 2-car garage for EACH UNIT), and large floor plans, these units will be the #1 choice for tenants in Mid-City. Every box is checked! At only $478 per SF (over $100 less per foot than a few months ago), this is the deal of the century! Based on our current rental activity in Mid-City, we project a cap rate of 5.68%. UNHEARD OF! This property boasts separate meters for all utilities, no rent control, and a 1-year builder’s warranty! 4647 Pickford is situated 10 minutes from Culver City and the countless local hotspots and conveniences in the area, including the trendy Helms Bakery District! This neighborhood has rapidly transformed into the hottest rental market in Los Angeles, with several of the most exciting mixed-use developments a short drive from this property: the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), Platform, and the Cumulus development (Whole Foods). Thanks to the huge supply of entertainment, tech and creative jobs in Mid-City, 4647 Pickford will attract high quality professional tenants! Cap rates haven’t been this high for several years- now is your time to lock up unheard of good deals! There is no safer investment than Los Angeles new construction multi-family
Listing description from the February 2023 sale, as reported to CRMLS.
Sale history
