NOT LISTED FOR SALE

8524 Cashio St Los Angeles, CA 90035

Pico-Robertson Neighborhood
11 Beds
15 Baths
6,755 Sq Ft
5,516 Sq Ft Lot

Last Sold July 27, 2018

Last sale price $2,910,000 $431 Per Sq Ft

Highlights

  • Laundry Room
  • Rectangular Lot
  • 1-Story Property
  • Floor Furnace

About This Home

As of July 2018

This is not the typical multi-family apartment complex found in Los Angeles. Presenting a 1988 built 6-unit investment opportunity located in the Pico-Robertson neighborhood, located in Los Angeles with a strong and stable rental market. The complex boasts modern expansive condominium style floorplans with tremendous upside potential. Each unit is unique: #101 2bd/2bth ($1850), #102 1bd/1bth ($1145), #103 3br/3ba ($2100), #201 2br/3ba/1lft ($2045, loft has closet and can be enclosed), #202 1br/2ba/1lft ($1645, loft has closet and can be enclosed), #203 2br/4ba/1lft ($2045, loft has closet and can be enclosed). New exterior paint and low maintenance, Underground gated parking with 14+ parking spots for all occupants. Separate gas/electric meters. Newer copper plumbing. Newer 100-gallon hot water heater. Built post rent stabilization. No Rent Control per Zimas (buyer to verify) Makes the upside potential for this complex tremendous. It’s proximity to exquisite restaurants, boutique shops, meeting venues, offers an amazing location to its residents.

Last Agent to Sell the Property

Adrian Tan

RE/MAX of Santa Clarita License #01297732 Listed on: 05/10/2018

RE/MAX of Santa Clarita

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 5,516 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Irregular Lot

Parking

  • 14 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 6,755 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 15 Bathrooms

Additional Features

  • Urban Location
  • Floor Furnace

Listing and Financial Details

  • Tax Lot 176
  • Tax Tract Number 6006
  • Assessor Parcel Number 4303032007

Community Details

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $960
  • Fuel Expense $1,750
  • Insurance Expense $1,995
  • Maintenance Expense $360
  • Trash Expense $1,764
  • Water Sewer Expense $2,500
  • New Taxes Expense $38,750
  • Operating Expense $48,069
  • Gross Income $129,960
  • Net Operating Income $81,891

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

14

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2500.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4303032007
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 430.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 14.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 1764.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot, Rectangular Lot
  • Lot Size Sq Ft: 5516.00

Multi Family

  • Electric Expense: 960.00
  • Fuel Expense: 1750.00
  • Gross Income: 129960.00
  • Gross Operating Income: 129960.00
  • Gross Scheduled Income: 129960.00
  • Insurance Expense: 1995.00
  • Maintenance Expense: 360.00
  • Net Operating Income: 81891.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 48069.00
  • Rent Control: No
  • Total Actual Rent: 10830.00
  • Total Expenses: 48069.00

Tax Info

  • New Taxes Expense: 38750.00
  • Tax Census Tract: 2170.02
  • Tax Lot: 176
  • Tax Tract Number: 6006

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2018 07/27/18 Sold $2,910,000 -6.1% $431 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
05/10/2018 05/10/18 For Sale $3,099,987 -- $459 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Adrian Tan

    Seller's Agent in 2018

    Adrian Tan

    RE/MAX

    (661) 702-4560

    45 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18108567

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90035 Pico-Robertson

8524 Cashio St, Los Angeles, CA

This home is located at 8524 Cashio St, Los Angeles, CA 90035 since 10 May 2018. This property was built in 1988. 8524 Cashio St is a home located in Los Angeles County with nearby schools including Crescent Heights Boulevard Elementary School, Daniel Webster Middle School, and Alexander Hamilton Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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