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8638 Cashio Street

Los Angeles, CA 90035

$2,550,000 Sale Price
Est. Payment: $ 0/mo
14
Bed
0
Bath
8,530 Sq. Ft.
$322 / Sq. Ft.
Sold

8638 Cashio Street

Los Angeles, CA 90035

Sold
$2,550,000 Sale Price
$0/mo
14
Bed
0
Bath
8,530
Sq. Ft.
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.
PROPERTY INFORMATION
MLS # 24430088 Lot Size 8,674 Sq. Ft.
HOA Fees $0/Monthly Property Type N/A
Price $ 2,750,000
Price Per SqFt: $ 322
DOM 311 Days
Address 8638 Cashio Street Type Residential Income
City Los Angeles Sq.Ft. 8,530 Sq. Ft.
Postal Code 90035 Garage N/A
County Los Angeles Year Built 1963
Bed / Bath 14 / 0 Parking 9
Built In 1963 Status Closed
Sold Date 2024-10-16
INTERIOR FEATURES
Has Laundry Yes
Laundry Information Community
Has Appliances Yes
Kitchen Appliances Disposal, Refrigerator
Has Heating Yes
Heating Information Wall Furnace
EXTERIOR FEATURES
WALKSCORE
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $2,933
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
08/20/2024 Listed $2,750,000
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Listing provided courtesy of Kenny Stevens, Compass. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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