8843 Alcott St - Apartments FOR SALE


Los Angeles, CA 90035- Beverlywood
$3,100,000 USD
310-849-8151
8843 Alcott St, Los Angeles, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/13
null | 5.36% Cap Rate

8843 Alcott St
Los Angeles, CA 90035
Beverlywood


HIGHLIGHTS

  • 3.74% Assumable Financing Fixed Through 2027 - Adjusts to Approx. 5% Rate - Below market debt provides significant cash flow advantage
  • Prime Pico-Robertson Location adjacent to Beverly Hills, Century City, and the Westside
  • 10-Unit Multifamily Asset in one of Los Angeles’ most stable rental submarkets
  • Desirable Unit Mix of one- and two-bedroom apartments appealing to broad tenant demographic
  • Seismic Retrofit Complete, Driveway and Walkways Have Been Re-Paved
  • Rare Opportunity to acquire a well-located Westside asset with favorable in-place financing

OVERVIEW

Prime Pico-Robertson Trophy Asset | West of Robertson | Beverly Hills & Century City Adjacent Located in the heart of the coveted Pico-Robertson neighborhood, west of Robertson Boulevard and south of Pico Boulevard, 8843 Alcott Street presents a rare opportunity to acquire a fully occupied 10-unit multifamily asset in one of the Westside's most desirable and supply-constrained rental markets. Offered at an attractive 12.6 GRM and 5.4% in-place cap rate, the property combines strong day-one cash flow with proven upside in a location that consistently attracts high-income, long-term tenants. The property features an outstanding unit mix of spacious one- and two-bedroom residences, with most units already renovated to modern standards. These successful renovations provide a clear roadmap for future rental growth while minimizing execution risk and reducing the need for significant interior capital expenditures. What truly separates 8843 Alcott is its exceptional location. Situated in one of Los Angeles' most walkable and sought-after residential neighborhoods, residents enjoy immediate access to an unparalleled collection of dining, shopping, and lifestyle amenities. Just steps away are beloved neighborhood destinations including Schwartz Bakery, The Milky Way, Nati's Trattoria, Jeff's Gourmet, La Gondola, and Pico Boulevard's vibrant collection of cafés, markets, and restaurants. The property is also minutes from some of Southern California's most prestigious employment and lifestyle centers. Residents enjoy quick access to Beverly Hills, Century City, Beverly Grove, West Hollywood, and the Wilshire Corridor, with major employers including the entertainment, legal, financial, healthcare, and technology sectors located nearby. Century City, home to major corporate headquarters, luxury retail at the renowned Westfield Century City, and millions of square feet of office space, is just minutes away, while the world-class dining, luxury shopping, and iconic streets of Beverly Hills are practically at the property's doorstep. From an investment standpoint, the opportunity is equally compelling. Pico-Robertson continues to experience exceptionally strong rental demand driven by its central location, walkability, excellent schools, and proximity to major employment hubs. With limited new multifamily development, high barriers to entry, and a constrained supply of quality rental housing, the submarket has consistently demonstrated resilience and long-term rent growth. The property's strong in-place income, fully occupied status, and proven renovation program create a compelling path toward accelerated NOI growth while providing investors with immediate cash flow. Opportunities to acquire stabilized multifamily assets in this premier Westside location are exceedingly rare, particularly those offering both current yield and meaningful long-term upside. 8843 Alcott Street represents a unique chance to secure a foothold in one of Los Angeles' most competitive and desirable rental markets—a location where demand remains strong, supply remains limited, and long-term appreciation potential continues to outperform. Investment Highlights 10 Units | 100% Occupied 5.4% In-Place Cap Rate 12.6 GRM Prime West of Robertson / South of Pico Location Large One- and Two-Bedroom Floor Plans Most Units Beautifully Remodeled Walk to Schwartz Bakery, The Milky Way & Trattoria Natalie Minutes from Beverly Hills & Century City Near Major Employment Centers Strong In-Place Income with Continued Rental Upside High-Barrier-to-Entry Westside Submarket Exceptional Long-Term Appreciation Potential

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

10

PRICE/UNIT

$310,000

CAP RATE

5.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Pico-Rob 10 Units | 5.4% In-Place Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,294 SF

ZONING

R3-1&0, Los Angeles

APN/PARCEL ID

4305-014-019

ASK ABOUT THIS PROPERTY

Dana BrodyMarcus & MillichapMore Info
310-849-8151

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Dana BrodyMarcus & MillichapMore Info
310-849-8151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.