8635 Cashio St

  • $3,150,000
For Sale Los Angeles, Pico-Robertson
8635 Cashio St, Los Angeles, CA 90035, USA
8635 Cashio Street digitally staged bedroom in unit 8635 Cashio St front of building 8635 Cashio St living room in unit 8635 Cashio St aerial 8635 Cashio St room in unit 8635 Cashio St kitchen in unit 8635 Cashio St living room in unit 8635 Cashio St bedroom in unit 8635 Cashio St parking
  • Multifamily
  • Property Type
  • 10
  • Number of Units
  • 5.34
  • Cap Rate
  • 13.12
  • GRM
For Sale
8635 Cashio St, Los Angeles, CA 90035, USA
  • $3,150,000

Overview

  • Multifamily
  • Property Type
  • 10
  • Number of Units
  • 5.34
  • Cap Rate
  • 13.12
  • GRM

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.

Details

  • Property Type: Multifamily
  • Property Status: For Sale
  • Property Size: 8,799 Sq Ft
  • Lot Size: 8,748 Sq Ft
  • Bedrooms: 13
  • Bathrooms: 13.5
  • Year Built: 1958
  • Price: $3,150,000
  • Number of Units: 10
  • GRM: 13.12
  • Price/SqFt: 358.00
  • CAP: 5.34

Video

  • City Los Angeles
  • State/county California
  • Area Pico-Robertson

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