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8635 Cashio Street

Los Angeles (City), CA 90035
  • $3,150,000
  • STATUS: Active Under Contract
  • ON SITE: 14 Days
  • ID#: 24354119
Under Contract
UPDATED: 41 min ago
$3,150,000
  • 13
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,799
    SQFT
  • $358
    $/SQFT
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Will Tiao of The Collective Realty (310-569-1335) and Ken Dennis of The Collective Realty(310-569-1335)


Description

This value-add 10 unit multifamily building in the highly desirable and central Pico-Robertson area has been with the original owners since built in 1958. The property has a great mix of one and two bedroom units. The two largest 2 bedroom/2 bath units will be delivered vacant. Property has been earthquake retrofitted with permits. Newer roof with fire retardant shingles. Various units have been remodeled over time. Off street parking, common area laundry room, and secured entrance. Property boasts an actual 13.12 GRM and 5.34% cap once the current two vacant units are leased at market. There is additional value-add in getting all units to market. Property also has the possibility of adding 2 ADUs per code in the parking area (buyer to do their own due diligence). Nearby Beverly Hills, the Beverly Center, West Hollywood, Midtown, all the shops along La Cienega Blvd, Century City and the Westside. Easy access to the 10 freeway and Exposition Line. Great opportunity for the right investor looking for a value-add gem onto their LA real estate portfolio.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-27T13:31:36.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/147563972
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8635 Cashio Street Los Angeles (City), CA 90035

  • Price: $3,150,000
  • Status: Active Under Contract
  • On Site: 14 Days
  • Updated: 41 min ago
  • ID#: 24354119
13
Beds
0
Baths
0
½ Baths
0.2
Acres
8,799
SQFT
$358
$/SQFT
1958
Built
Neighborhood:
C09 - Beverlywood Vicinity
County:
Los Angeles
Area:
C09 - Beverlywood Vicinity
Property Description
This value-add 10 unit multifamily building in the highly desirable and central Pico-Robertson area has been with the original owners since built in 1958. The property has a great mix of one and two bedroom units. The two largest 2 bedroom/2 bath units will be delivered vacant. Property has been earthquake retrofitted with permits. Newer roof with fire retardant shingles. Various units have been remodeled over time. Off street parking, common area laundry room, and secured entrance. Property boasts an actual 13.12 GRM and 5.34% cap once the current two vacant units are leased at market. There is additional value-add in getting all units to market. Property also has the possibility of adding 2 ADUs per code in the parking area (buyer to do their own due diligence). Nearby Beverly Hills, the Beverly Center, West Hollywood, Midtown, all the shops along La Cienega Blvd, Century City and the Westside. Easy access to the 10 freeway and Exposition Line. Great opportunity for the right investor looking for a value-add gem onto their LA real estate portfolio.
Exterior Features

Architectural Style Mid-Century Modern Carport Spaces 10 Carport YN Yes Construction Materials Stucco Direction Faces South Entry Level 1 Entry Location Ground Level w/steps Parking Features Assigned Parking Total 10 Pool Features None Pool Private YN No Roof Fire Proof Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Accessibility Features None Appliances DisposalGas OvenRefrigeratorDryerWasher Cooling Central AirWall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Carpet Heating CombinationCentralSpace HeaterWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Cap Rate 5.34 Community Features Gated Gross Income 240156 Laundry Features Common Area Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 168256 New Construction YN No Number Of Separate Gas Meters 10 Possession Close Of Escrow Rent Control YN Yes Security Features Gated Community Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-27T13:31:36.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Will Tiao of The Collective Realty (310-569-1335) and Ken Dennis of The Collective Realty(310-569-1335)