Los Angeles, CA 90035,8638 Cashio ST
Los Angeles, CA 90035,8638 Cashio ST
Los Angeles, CA 90035,8638 Cashio ST
8
$2,550,000
$2,750,000
7.3%
Est.Price: ?

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14 BD
14 BA
8,530 SqFt

8638 Cashio ST Los Angeles, CA 90035

Est. payment /mo
SOLD DATE : 10/16/2024

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Key Details

Sold Price $2,550,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,530 sqft

Price per Sqft $298

MLS Listing ID 24430088

Sold Date 10/16/24

Bedrooms 14

HOA Y/N No

Year Built 1963

Lot Size 8,672 Sqft

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.

Location

State CA

County Los Angeles

Area C09 - Beverlywood Vicinity

Zoning LAR3

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Wall Furnace

Fireplace No

Appliance Disposal, Refrigerator

Laundry Common Area

Exterior

Garage Covered, Carport, Garage, Tandem

View Y/N No

View None

Parking Type Covered, Carport, Garage, Tandem

Total Parking Spaces 9

Building

Faces North

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4303012030

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kenny Stevens • Compass
Bought with Kenny Stevens • Compass

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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