MarketPier

8546 CASHIO Street - Los Angeles, CA 90035

$2,800,000
Listing Description

Prime Partner Group of KW Beverly Hills is pleased to present a six unit multifamily investment opportunity located in the highly sought after Pico-Robertson District. Known for its distinct community feel and positioning amongst affluent neighborhoods, the Pico-Robertson neighborhood has become one of the most desirable real estate markets in Los Angeles. Nestled between Beverly Hills, Culver City, and Beverlywood, the small and tight-knight community has become a millennial magnet. Originally built in 1953, 8546 Cashio St consists of 5,816 SF of living area and is situated on a large 7,180 SF lot. The property is zoned R3-1 with a tier 3 TOC bonus, allowing future development.The property consists of 2, Two-Bedroom/two-Bathroom units and 4 Two-Bedroom/One-Bathroom units. Tenants are attracted to the property given the fantastic location and various amenities offered which include balconies, spacious units, ample parking, and on-site laundry.

Listing Information
MLS Number
20543654
APN/Parcel ID
4303032003
Type
Multifamily
Sub Type
Multifamily
No Units
6
Price / Unit
$466,667
Gross Income
$165,236
Net Income
$106,920
Rent Multiplier
16.95
Listing Date
1/14/2020
Days Active
2
Last Updated
1/16/2020
Listing Provided By
Aviel Golbari
Keller Williams Beverly Hills
BRE# 02043268

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