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- LoopNet Team
8508 Cashio St
Los Angeles, CA 90035
26 Units - Potential Buildable Units · Land For Sale · 0.20 AC
Investment Highlights
- Best Street in Pico-Robertson - 6 Units built in 1939
- Large 8,849 SF Parcel and Great Street Frontage
- Existing 6 Units | Value-Add with $93,187 in Current Income
- OVER 100% Rental Appreciation Potential
- Near La Cienega and Pico Blvd.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.20 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.20 AC |
Description
8508 Cashio Street, built in 1939, features a 6-Unit Spanish style apartment building in the Pico-Robertson neighborhood of Los Angeles (90035). The offering is sited on a 8,849 SF parcel, zoned LAR3 (possible development of 26 buildable units). The unit composition features Six (6) One Bedroom | One Bathroom apartment units with large living rooms, eat-in kitchens and utility rooms with potential to add in-unit washers & dryers. Below market rents make this property perfectly positioned for the astute investor with the potential to provide excellent investor returns along with long term capital appreciation. Parking is provided for Seven (7) vehicles (6 enclosed garages and 1 open-air) The location offers residents an impressive array of nearby entertainment, lifestyle and retail amenities. Significant employment hubs are easily assessed in Mid-Wilshire, Hollywood, Beverly Hills and DTLA. Potential to Build +/-26 units with TOC benefits. Price per Buildable Unit - $91,923
PROPERTY TAXES
| Parcel Number | 4303-032-008 | Improvements Assessment | £248,266 |
| Land Assessment | £1,324,088 | Total Assessment | £1,572,354 |
PROPERTY TAXES
zoning
| Zoning Code | (Q) LAR3-1-0 |
| (Q) LAR3-1-0 |
