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8638 Cashio St, Los Angeles, CA 90035
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8638 Cashio St Los Angeles, CA 90035

$2,750,000
  • 14 Beds
  • 14 Baths
  • 8,530 Sq.Ft.
For Sale
$2,750,000 Get Pre-Qualified
Map preview of 8638 Cashio St, Los Angeles, CA 90035

Property Overview: 8638 Cashio St Los Angeles, CA has 14 bedrooms, 14 bathrooms, 8,530 living square feet and 8,674 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Kenny Stevens | BRE #01090251 | Compass
Last checked: 13 minutes ago | Last updated: August 28th, 2024 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
8,674
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24430088
City
Los Angeles
County
Los Angeles
Time on Site
29 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,155
  • Total Rent: $12,932
  • Pro Forma/Market Rent: $19,170
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,935
  • Total Rent: $3,871
  • Pro Forma/Market Rent: $5,190
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.73%
  • Gross Rent Multiplier: 13.57
  • Gross Scheduled Income: --
  • Net Operating Income: $130,155
  • Gross Operating Income: $198,540
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 8638 Cashio St

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Property Details for 8638 Cashio St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Carport, Covered, Tandem Garage
Property Information
  • No View
  • View: None
  • Total # of Units: 8
  • Parcel Number: 4303012030
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 2 blocks east of Robertson Blvd. and 1 block south of Pico-Blvd, 8638 Cashio is minutes from Beverly Hills and Carthay Square (approx. 1 mile)
View more facts & features

Local Los Angeles Agent

Sale History for 8638 Cashio St

Last sold on June 19th, 2003

  • August, 2024

  • Aug 20, 2024

    Date

    Active

    CRMLS: 24430088

    $2,750,000

    Price

  • June, 2003

  • Jun 19, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2003

  • Jun 13, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 8638 Cashio St

Assessed Value (2020): $1,708,364
Year Land Value Improved Value Assessed Value
2020 $1,271,344 $437,020 $1,708,364

Home Value Compared to the Market

This property vs the competition

8638 Cashio St is listed 129.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $322.39 per/sqft which puts the price per square foot 58.02% lower than the median price per square foot for the city of Los Angeles.

About 8638 Cashio St

Detailed summary of property

8638 Cashio St is a multi family located in Los Angeles, CA 90035 and is currently for sale. This multi family property offers 14 bedrooms, 14 bathrooms, roughly 8,530 living square feet, and sits on an approximately 8,674 square foot lot. 8638 Cashio St was first listed on ArdentRealEstateGroup.com on August 20, 2024. The homeowner is currently asking $2,750,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 129.17% higher than the median priced home. Local competing homes currently for sale include 1921 Carmona Ave, 8218 Blackburn Ave and 3125 S Durango Ave. While the average home in Los Angeles, CA is selling in 106 days, 8638 Cashio St has a days on market of 29 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 8638 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 8638 Cashio St

Public county record property details
Beds
2
Baths
14
Year built
1963
Sq. Ft.
8,530
Lot Size
8,671
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
71
APN
4303-012-030

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
$1,375,000
Median List Price/Sq.Ft.
$785
Median Sold Price
$1,699,500
Median Sold Price/Sq.Ft.
$747
Total Inventory
56
Median Sale to List Price %
97.17%
Avg Days on Market
30
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (8.33%)

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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.

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