Original Owners Sell Pico-Robertson Multifamily Building In Los Angeles For $3.04M

A value-add 10-unit multifamily building located at 8635 Cashio Street in the highly desirable Pico-Robertson area of Los Angeles has been sold for $3,040,000. The property, constructed in 1958, features a mix of one and two-bedroom units, with the two largest 2-bedroom/2-bath units offered vacant, presenting an opportunity for increased rental income. The total square footage of the property is 8,799, with a price per unit of $304,000 and a price per square foot of $345.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $3,040,000
• Units: 10
• Square Footage: 8,799
• Price per Unit: $304,000
• Price per Square Foot: $345
• Address: 8635 Cashio Street
• Market: Los Angeles

Ken Dennis and Will Tiao of The Collective Realty represented the original owners in the sale of the 10-unit multifamily building in Los Angeles. The transaction showcased their expertise in navigating the market and securing a favorable deal for their clients.