8638 Cashio Street

Los Angeles, CA 90035

$2,750,000

List Price

14

bed Beds

14

shower Baths

8,530 sqft

straighten / sqft

1963

calendar_month Built

Property Description

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.

Listing Information

List Price $2,750,000
Status Active
MLS 24430088
Type Residential Income
Year Built 1963
Lot Size 8,674
Structure Size 8,530
DOM 8
Courtesy Of Compass
Listing Agent Kenny Stevens DRE#01090251

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms 14
Total Bathroom
Bathrooms 14

Exterior Information

Maps

Listing information courtesy of: Kenny Stevens, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 28th, 2024 at 1:44 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.