$2,960,000
$2,899,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
6,969 Sqft Lot
SOLD DATE : 06/29/2021
Key Details
Sold Price $2,960,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB21118820
Sold Date 06/29/21
Construction Status Turnkey
HOA Y/N No
Year Built 2020
Lot Size 6,969 Sqft
Property Sub-Type Quadruplex
Property Description
5014 Pickford is a non-rent controlled, FULLY STABILIZED 2020 fourplex in prime Mid-City, only 7 minutes from Culver City and the countless local hotspots in the area, including the trendy Helms Bakery District! Enjoy a REAL 5.03% cap rate! We personally handled the lease-up of this fourplex and can attest to the fact that this building attracted outstanding professional tenants in record speed.
In addition to the prime location, tenants went absolutely wild for the next-level design and finishes on this property. 5014 Pickford was built by high-end home builders with the intention to hold. As you'll see from the upscale wood kitchens, luxurious bathrooms, gorgeous covered balconies, and expansive open floorplans, this fourplex is many tiers above the other new constructions in the area. The quality of this property is unrivaled and will make long-term ownership a breeze!
This neighborhood is without question the hottest rental market in Los Angeles right now, with several of the most exciting mixed-use developments a few short minutes from this property: the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus development (Whole Foods). The massive quantity of entertainment, tech and creative jobs nearby made the leasing of this property quick and easy.
5014 Pickford is made up of four enormous 3 bed, 3 bath units with real rents of $4,200, $3,995, $3,975 and $3.950. As usual, the property comes with a 1 year builder's warranty, minimal maintenance, separate meters for gas, water & electric, and 8 parking spaces!
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Interior Features Balcony, Open Floorplan, Recessed Lighting
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Dryer, Washer
Laundry Inside
Exterior
Fence New Condition
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Flat
Total Parking Spaces 8
Private Pool No
Building
Lot Description Corner Lot, Drip Irrigation/Bubblers, Landscaped, Level, Near Public Transit
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Two
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Tax ID 5067015036
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with Elizabeth Maddox • The 2-4 Unit Specialists
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "