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8528 Cashio St Los Angeles, CA 90035

$1,850,000 Sold Price as of 05/18/2021

8 Beds
6 Baths
5,013 Sq.Ft.

Sold

$1,850,000 Sold Price as of 05/18/2021 Refinance Your Mortgage

Map preview of 8528 Cashio St, Los Angeles, CA 90035

Property Overview: 8528 Cashio St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 5,013 living square feet and 6,011 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BEST & FINAL OFFER SUBMISSION this Friday 4/9/21 / Contact agents for Due Diligence and Details * 8528 Cashio Street, built in 1956, is located in the Pico-Robertson neighborhood which is considered on of LA's most stable rental markets. The offering boasts Four (4) One Bed / One Bath and Two (2) Two Bed/ One Bath apartment homes - all with below market rents. Interior units feature original hardwood flooring and vintage tile. Additional lineaments include A) Covered parking for 6 vehicles B) Separate electrical and gas utility metering. THE LOCATION offers residents an impressive array of nearby entertainment, lifestyle and retail amenities. Within minutes, residents can enjoy boutique shops, chic restaurants, cool meeting spots and artistically inclined venues. With a walk score of 84, this pocket of Pico-Robertson is a walkers paradise.

Listed by Rich Johns | BRE #01432215 | KW Commercial Studio City

Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 112

Home details

Lot Sq. Ft: 6,011
HOA Dues: $0/mo
Year built: 1956
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21683916
City: Los Angeles
County: Los Angeles
Time on Site: 1227 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,070
Total Rent: $1,070
Pro Forma/Market Rent: $1,995

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,025
Total Rent: $1,025
Pro Forma/Market Rent: $1,995

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,250
Total Rent: $1,250
Pro Forma/Market Rent: $2,495

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $986
Total Rent: $986
Pro Forma/Market Rent: $1,995

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,526
Total Rent: $1,526
Pro Forma/Market Rent: $1,995

Unit Breakdown 6

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,522
Total Rent: $1,522
Pro Forma/Market Rent: $2,495

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $46,945
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 8528 Cashio St

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Carport

Lot Information

Lot Size Source: Other

Property Information

Total # of Units: 6
Parcel Number: 4303032006

Location / Neighborhood

Location Information

Directions: South Of Pico and West of La Cienega

View more facts & features

Local Los Angeles Agent

Sale History for 8528 Cashio St

Last sold for $1,850,000 on May 18th, 2021

May, 2021
May 18, 2021

Date

Sold

CRMLS: 21683916

$1,850,000

Price
May 17, 2021

Date

Pending

CRMLS: 21683916

$2,325,000

Price
Jan 23, 2021

Date

Active

CRMLS: 21683916

$2,325,000

Price
October, 2019
Oct 2, 2019

Date

Expired

CRMLS: 18397782

$1,800,000

Price
Feb 28, 2019

Date

Withdrawn

CRMLS: 18397782

$1,800,000

Price
Oct 17, 2018

Date

Active

CRMLS: 18397782

$1,800,000

Price
Listing provided courtesy of CRMLS

** Lowest Price per door in the Pico-Robertson area** As Bob Dylan famously sang, "When I paint masterpiece." You too can paint your masterpiece and take advantage of this value-add opportunity by acquiring 8528 Cashio Street which is located in a fantastic location! The property is poised to capitalize on the tremendous momentum of a strong and established neighborhood. The location offers residents access to a myriad of entertainment venues, places of worship and employment opportunities. Given the location and excellent value add component, the offering is an ideal investment for apartment operators seeking long term benefits and appreciation.

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September, 2018
Sep 9, 2018

Date

Canceled

CRMLS: 18359350

$1,975,000

Price
Jun 27, 2018

Date

Active

CRMLS: 18359350

$1,975,000

Price
Listing provided courtesy of CRMLS
June, 2018
Jun 26, 2018

Date

Canceled

CRMLS: 18337984

$1,975,000

Price
Jun 26, 2018

Date

Price Change

CRMLS: 18337984

$1,975,000

Price
Jun 19, 2018

Date

Withdrawn

CRMLS: 18337984

$2,495,000

Price
Apr 27, 2018

Date

Active

CRMLS: 18337984

$2,495,000

Price
Listing provided courtesy of CRMLS

We are pleased to present 8528 Cashio Street, a 6-unit investment opportunity located in the Pico-Robertson (90035) submarket of Los Angeles. The property offers investors a unique and rare opportunity to acquire a true value add investment or owner-user opportunity in one of LA's strongest and stable rental markets with historically low vacancy and long-term appreciation.The unit composition consists of Five (5) large One Bedroom - One (1) Bathroom units and One (1) large 2 bedroom - One Bathroom unit for a total of 6 units.The asset, built in 1959, consists of 5,013 SF located on a prominent 6,484 SF parcel on the highly visible street of Cashio Street. The location of the building coupled with this opportunity is how you build generational wealth and will be looking back in 10 years thanking yourself that you made a wise decision.

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March, 2018
Mar 5, 2018

Date

Sold

CRMLS: 17292200

$1,675,000

Price
Dec 21, 2017

Date

Pending

CRMLS: 17292200

$1,675,000

Price
Dec 12, 2017

Date

Active

CRMLS: 17292200

$1,675,000

Price
Listing provided courtesy of CRMLS

8528 Cashio Street, built in 1956, has not been available to the marketplace in nearly 40 years. The asset is located in the Pico-Robertson neighborhood which is one of L.A.'s strongest and stable rental markets.The asset boasts Four (4) One Bedroom - One (1) Bathroom units and Two (2) Two Bedroom - One (1) units.Parking is provided for 6 vehicles in either on-grade or garage(s) and gas/electrical utilities are separately metered.The location of this building offers residents an impressive array of entertainment, lifestyle and retail amenities. Within minutes, residents can enjoy boutique shops, chic restaurants, cool meeting spots and artistically inclined venues.With a walk score of 84, this pocket of Pico-Robertson is a walker's paradise.Below market rents offer the astute investor significant rental upside potential. ** Can be purchased with 8508 Cashio & 8521 Horner Street **

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March, 2018
Mar 1, 2018

Date

Sold (Public Records)

Public Records

$5,825,000

Price

Tax History for 8528 Cashio St

Assessed Value (2020): $1,742,670

Year	Land Value	Improved Value	Assessed Value
2020	$1,638,630	$104,040	$1,742,670

Home Value Compared to the Market

This property vs the competition

8528 Cashio St sold on May 18, 2021 for 105.75% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $463.79 per/sqft which puts the price per square foot 38.49% lower than the current median sale per square foot for the city of Los Angeles.

About 8528 Cashio St

Detailed summary of property

8528 Cashio St is a multi family that recently sold in Los Angeles, CA 90035. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 5,013 living square feet, and sits on an approximately 6,011 square foot lot. 8528 Cashio St was first listed on ArdentRealEstateGroup.com on January 23, 2021. The homeowner sold the property for $1,850,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 105.75% higher than the current median priced home. Local homes that are currently for sale include 8656 Cadillac Ave, 1455 S Genesee Ave and 6446 W 6th St. While the average home in Los Angeles, CA is selling in 94 days, 8528 Cashio St has a days on market of 112 days. There are currently 3780 homes for sale in the Los Angeles real estate market and 2562 of them are single family homes while 1120 of them are condos and 92 are townhomes. For more information on this home for sale at 8528 Cashio St Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8528 Cashio St

Public county record property details

Beds: 7
Baths: 6
Year built: 1956
Sq. Ft.: 5,013
Lot Size: 6,484
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 175
APN: 4303-032-006

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,265,000

Median List Price/Sq.Ft.

$785

Median Sold Price

$1,700,000

Median Sold Price/Sq.Ft.

$868

Total Inventory

Median Sale to List Price %

94.71%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (37.5%), Other (12.5%)

Thinking of Selling?

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(714) 706-1823

Homes for Sale Near 8528 Cashio St

Nearby Homes for Sale

Recently Sold Homes Near 8528 Cashio St

$2,700,000 Last Sold Price

12 Beds

8 Baths

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$1,502,000 Last Sold Price

4 Beds

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8542 Horner St
Los Angeles, CA 90035

$1,925,000 Last Sold Price

168 Beds

84 Baths

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$1,742,500 Last Sold Price

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.