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$ 1,620,000
Est. payment | /mo
10 Beds
10 Baths
6,435 SqFt
$ 1,620,000
Est. payment | /mo
10 Beds
10 Baths
6,435 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,435 sqft
Price per Sqft $251
MLS Listing ID 26860177
Bedrooms 10
HOA Y/N No
Year Built 1959
Lot Size 6,002 Sqft
Property Description
6137 Alcott St is a 7-unit multifamily property located in the desirable Pico-Robertson submarket of West Los Angeles. Built in 1959, the property offers investors a well-maintained asset with a path to 63% rental upside, including 2BR/2BA unit vacating by 8/1/26. The property features a unit mix of (4) 2BD/2BA, (2) 1BD/1BA, and (1) studio unit. Three units have been turned since 2021 including (1) vacant 2BR/2BA unit, while (4) legacy tenants remain in place below market, offering continued upside as those units eventually turn. Current gross scheduled income totals $12,162 per month, or $145,938 annually, with meaningful room for growth. Offered at an extremely attractive basis of $231,429/unit and $251.74/SF, this is one of the most compelling opportunities an investor will find in the area. Ownership has completed numerous capital improvements in recent years. In 2024, wall heaters and associated venting were removed and replaced in units 1 and 4, with permits finaled through LADBS. Gas earthquake shut off valves were installed and finaled in 2019 along with the required soft-story seismic retrofit, with a Certificate of Compliance issued in April 2019. The building also passed both its SB-721 balcony inspection and SCEP inspection in January 2025. Per Seller, six of the seven units have been fully repiped with copper plumbing (just Unit #7 is missing copper vertical pipes). There was also a brand new silicone coating applied to the roof in 2023 with a 30-year warranty. The property is being with one vacancy (Unit #4), with (4) long-term legacy tenants in place below market. Additional income is generated through coin-operated laundry (WASH, $60 per month) and a mineral rights contributing approximately $300 per year, adding supplemental cash flow beyond residential rents.Ideally situated on a tree-lined street in Pico-Robertson, 6137 Alcott St is minutes from Beverly Hills, the Beverly Center, and Cedars-Sinai Medical Center, with easy access to the 10 Freeway and La Cienega Blvd. The location benefits from strong and consistent rental demand driven by proximity to major employment centers, retail, dining, and transportation corridors throughout West Los Angeles.
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Zoning LARD1.5
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Parking Features Driveway, Garage, Tandem
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5068001026
Special Listing Condition Standard
Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc. #02128816
Nearby Locations
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Donovan Palmer
Broker-Owner | Lic# DRE# 01850720