8638 Cashio Street

Los Angeles, CA 90035

$2,750,000
Price
14
Beds
14
Baths
8,530 Sq. Ft.
$322 / Sq. Ft.
8,530
Sq. Ft.
$322
per Sq. Ft.

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,...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.

Listing Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

Property Details for 8638 Cashio Street

Zoning
LAR3
Cross Streets
S. Sherbourne Dr. and Cashio St.
Parcel Number
4303012030
Total Units
8.0
Living Area
8530
Source Living Area
Vendor Enhanced
Area
Beverlywood Vicinity (C09)
Vacancy Rate
0 Units
LISTING UPDATED: 08/20/2024 02:36 PM

Property Details for 8638 Cashio Street

StatusActive
MLS #24-430088
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.20 AC / 8,674 SF
CountyLos Angeles County

Building Information for 8638 Cashio Street

Stories2Residences-Year Built1963Building Size-Lot Size0.20 AC / 8,674 SF

Property Information for 8638 Cashio Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: North
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $198,540
  • Net Operating Income: $130,155.00
  • Gross Income: $202,591
  • Cap Rate: 4.73%
  • Gross Rent Multiplier: $13.57
  • Financial Info as Of: 08/20/2024
  • Total Annual Expense: 68385
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Size Square Feet: 8674
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Carport, Covered Parking, Tandem
  • Total Parking: 9
  • Parking Features: Carport, Covered, Tandem Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins, Range/Oven, Refrigerator, Freezer, Garbage Disposal
  • Common Walls: Attached
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-20-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,155.00
  • Unit Actual Rent: $12,932.00
  • Unit Projected Rent: $19,170.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,935.00
  • Unit Actual Rent: $3,871.00
  • Unit Projected Rent: $5,190.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 8638 Cashio Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8638 Cashio Street

Taxable ValueLand$1,363,137Additions$468,571Total$1,831,708
Tax Record2023$23,014 ($1,918 / month)
Home Facts
Total Finished SqFt8,530 SqFtAbove Grade Finished SqFt8,530 SqFtLot Size8,672 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN4303-012-030

Schools near 8638 Cashio Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Daniel Webster Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8638 Cashio Street is a multi-family home for sale in Los Angeles, CA 90035. This property was listed for sale on August 20, 2024 by Compass, it's currently listed at $2,750,000. It has been on the market for a total of 30 days and was last sold on July 8, 1998. This listing's school district is Los Angeles Unified School District. Nearby schools include Crescent Heights Boulevard Elementary School, Daniel Webster Middle School and Alexander Hamilton Senior High School. 8638 Cashio Street is a 14-bed, 14-bath, 8,530 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.