Multifamily Property for Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90019

Description

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 5076 Pickford Street. The subject property is located south of Venice Boulevard and north of Washington Boulevard. The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on a 6,129 square foot parcel, the property is comprised of three one-bedroom units and two two-bedroom units. The property has 15.44% remaining rental upside through unit renovations along with on-site garages being individually rented for additional income. 5076 Pickford Street offers investors an opportunity to acquire an asset in a sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market rents moving forward, makes 5076 Pickford Street an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. Investment Highlights: • Mid-City offers strong value for tenants priced out of neighboring Country Club Park, Lafayette Square, and Miracle Mile • Near world-class shopping, dining, museums, entertainment, and employment across Mid-City, Miracle Mile, West Adams, and Koreatown • Long term ownership - property has been owned for 25 years, offering a rare acquisition opportunity • The property is being offered at an attractive cap rate of 6.55% • New ownership has potential to add Accessory Dwelling Units (ADUs) for added future growth and appreciation potential – buyer to verify

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 54 days. Compare it against other multifamily listings for sale in Los Angeles, CA — <a href="/search/sale/multifamily/california/los-angeles">view the full market</a>.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: Consensus Q1 2026 market report.

Its 6.5% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per Consensus.

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