8638 Cashio St is a compelling Pico-Robertson multifamily offering located just east of Beverly Hills and adjacent to Carthay Square—two of Los Angeles’ most desirable rental submarkets. This value-add 10-unit property presents a rare opportunity to acquire a well-positioned asset with significant upside in a high-demand Westside location.

The unit mix consists of (6) two-bedroom, two-bath units, (2) two-bedroom, one-bath units, and (2) one-bedroom units—each averaging approximately 1,000 square feet. Units facing Cashio St feature private balconies, and several interiors have been updated with tenant-friendly finishes including wood-laminate flooring, quartz countertops, stainless steel appliances, and modern cabinetry.

At the time of listing, the property offered approximately 45% rental upside, with projections to stabilize at a 7.96% CAP rate and 9.38 GRM at market rents. Recent leasing activity supports strong demand in the area—Unit 7 rented in July 2024 for $3,125—highlighting the income potential from further turnover and renovations.

Location is a major value driver. 8638 Cashio St sits just 1.1 miles south of Wilshire Boulevard and the future METRO Purple Line station at La Cienega (expected completion in 2025), connecting tenants to Downtown LA, Beverly Hills, and the broader Westside. With proximity to top employers in law, finance, healthcare, and entertainment, this asset is well-positioned to serve young professionals and families seeking space, convenience, and access.

For investors seeking a Pico-Robertson multifamily property with strong in-place fundamentals and meaningful rental growth potential, 8638 Cashio St offers location, scale, and upside in one of LA’s most consistently resilient rental corridors.