$2,750,000
- Beds
- 14
- sq ft
- 8,530
8638 Cashio St, Los Angeles, CA 90035
8638 Cashio St
Los Angeles, CA 90035
- 30 days on market
Built in 1963, 8638 Cashio features (6) 2-bdrm. units & (2) 2-bdrm. units, and (2) 1-bdrm. units. These bright and spacious units average approx. 1,000 SF. Please note, the units facing Cashio St. are equipped with balconies. Renovated units include quartz countertops, wood-laminate flooring, stainless-steel appliances, and more. 8638 Cashio is a value-add opportunity offering approx. 45% rental upside. The property will stabilize at a 7.96% CAP and 9.38 GRM at projected market rents. Please note, Unit 7 was rented in July 2024 for $3,125. 8638 Cashio is adjacent to Beverly Hills and Carthay Square, 2 exclusive neighborhoods under constant demand by high-income young professionals and families. The property is 1.1 miles from Wilshire Blvd, providing convenient access to the METRO Purple Line La Cienega Station (expected completion in 2025), and a wealth of financial, entertainment, healthcare, and law employers along Wilshire Blvd and the greater Beverly Hills area. In addition, 8638 Cashio is near the Beverly Hills Tennis Club and La Cienega Park & Recreation Center.
Details
Property type
Lot size
8,674 sq ft
Price per sq ft
$323
Year built
1963
HOA
No
Price History
08/20/2024
CLAW #24430088
Listed
$2,750,000
Schools & Community
Neighborhood:
Pico-Robertson
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/20/2024 at 1:45 AM
Listing updated: 08/28/2024 at 6:50 AM
Listed by: Kenny Stevens, Compass Phone #: (310) 230-5478
MLS: CLAW #24430088
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