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33472938
33472937

8529 Cashio Street, Los Angeles, CA 90035

RJ
CA CA 01432215
KW Commercial
NA
CA 01893466
KW Commercial Studio City
Listed by KW Commercial, KW Commercial Studio City
$1,565,000
5 days on market
Updated 4 days ago

8529 Cashio Street

Details
APN 4303-033-018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,018
Units 5
Cap Rate 5.70%
NOI $88,968
Occupancy 80%
Tenancy Multi
Price per SqFt $312
Year Built 1955
Lot Size (SqFt) 6,001
Zoning LAR3
Parking Spaces 5 spaces
Parking Per SqFt 1.00
Investment Type Stabilized

Multifamily | 5.70% CAP | 5 Units

Marketing description

KW Commercial is pleased to present 8529 Cashio Street, Los Angeles, CA 90035, a 5-unit multifamily investment opportunity located in the highly desirable Pico-Robertson submarket. Built in 1955, the property consists of approximately 5,018 square feet of improvements situated on a 6,001 square foot LAR3-zoned parcel. The unit mix includes one (1) one-bedroom / one-bathroom unit, two (2) two-bedroom / one-bathroom units, and two (2) two-bedroom / one-and-a-half-bathroom units, appealing to a broad tenant base seeking larger, well-located apartments.

The property offers investors a well-maintained asset with a strong physical foundation and clear long-term upside potential. Notably, the building has completed the City of Los Angeles mandatory soft-story seismic retrofit program, providing peace of mind and mitigating future compliance risk. Additional capital improvements include upgrades to the roof and plumbing systems, contributing to overall operational stability.

Residents benefit from a highly walkable location, with a Walk Score of 88, and convenient access to a wide array of retail, dining, and lifestyle amenities along Pico Boulevard and Robertson Boulevard. The property is centrally located with easy access to Beverly Hills, Century City, Culver City, and other major Westside employment centers, supporting consistent rental demand.

The asset also features on-site parking for five vehicles, an increasingly valuable amenity in this dense, urban submarket. With its attractive unit mix and prime Pico-Robertson location, 8529 Cashio Street represents a compelling opportunity to acquire a stable and well-positioned multifamily property in one of Los Angeles' most sought-after rental neighborhoods.

Investment highlights

  • PRIME PICO-ROBERTSON LOCATION - Highly desirable, centrally located neighborhood with strong and consistent rental demand
  • 5-UNIT MULTIFAMILY ASSET - Well-balanced unit mix including (1) 1BD/1BA, (2) 2BD/1BA, and (2) 2BD/1.5BA units
  • APPROX. 5,018 SF IMPROVEMENTS - Situated on a 6,001 SF LAR3-zoned parcel offering long-term flexibility
  • COMPLETED SOFT-STORY RETROFIT - Mandatory City of Los Angeles seismic retrofit fully completed, reducing future capital risk
  • RECENT CAPITAL IMPROVEMENTS - Roof and plumbing upgrades contribute to strong physical condition and operational stability
  • WALK SCORE OF 88 - Highly walkable location near Pico Blvd and Robertson Blvd retail, dining, and amenities
  • FIVE ON-SITE PARKING SPACES - Valuable tenant amenity in a dense, supply-constrained submarket
  • WESTSIDE ACCESSIBILITY - Convenient access to Beverly Hills, Century City, and Culver City employment hubs

Listing Contacts

RJ
CA CA 01432215
KW Commercial
NA
CA 01893466
KW Commercial Studio City
Listed by KW Commercial, KW Commercial Studio City

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,968.00
$7,414.00/mo

Valuation Metrics

0
DSCR
5.68%
Cap Rate
5.68%
ROI

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Additional Information

Name
Rich Johns
License
CA 01432215
Brokerage Phone
2133059026
Brokerage Address
12711 Ventura Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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