8638 Cashio Street, Los Angeles, CA 90035
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Listed Price :
$2,750,000
-
Beds :
14
-
Baths :
14
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Property Size :
8,530 sqft
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Year Built :
1963
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
14 |
| Bathroom Information |
| Bathrooms |
14 |
Listing Information
| Address |
8638 Cashio Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90035 |
| County |
Los Angeles |
| Listing Agent |
Kenny Stevens DRE #01090251 |
| Courtesy Of |
Compass |
| List Price |
$2,750,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
8,530 |
| Lot Size |
8,674 |
| Year Built |
1963 |
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.
