8635 Cashio Street, Los Angeles, CA 90035
Property
Sold March 2024
Listing Agent: Will Tiao (DRE #01918965) · Listing Office: The Collective Realty · Contact: 310-569-1335 · Bought with: Will Tiao · The Collective Realty · MLS #24354119 · Source: CRMLS
About this property
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.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history