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8843 Alcott Street Los Angeles, CA 90035
8,197 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,197 sqft
Price per Sqft $365
MLS Listing ID CL26662027
HOA Y/N No
Year Built 1962
Lot Size 8,121 Sqft
Acres 0.1864
Property Sub-Type Other
Property Description
Located in the heart of the highly 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 Los Angeles' most established and supply-constrained Westside rental markets. Offered at an attractive 5.6% in-place cap rate, the property combines immediate cash flow with meaningful upside in a location that consistently attracts high-income renters seeking walkability, convenience and proximity to Beverly Hills, Century City and the greater Westside.The property features an excellent mix of spacious one- and two-bedroom residences, with the majority of units already renovated to modern standards. These completed renovations provide a proven roadmap for future rental growth while allowing a new owner to focus capital on select remaining units and operational improvements rather than undertaking a wholesale renovation program. What truly separates 8843 Alcott is its location. Situated in one of Los Angeles' most walkable residential neighborhoods, residents have immediate access to an exceptional collection of restaurants, cafes, markets and neighborhood amenities. The property is just moments from Schwartz Bakery, The Milky Way, Natalie's Trattoria, Jeff's Gourmet and La Gondola, with the broader Pico Boulevard corridor providing an extensive mix of dining, shopping and daily conveniences.Beyond Pico-Robertson, residents enjoy quick access to Beverly Hills, Century City, Beverly Grove, West Hollywood and the Wilshire Corridor, placing some of Los Angeles' most prestigious employment centers, luxury retail destinations and entertainment amenities within minutes of the property. 8843 Alcott is positioned within a broader Westside corridor experiencing continued residential and mixed-use investment, adding new housing, retail, dining and services to the surrounding market.Pico Boulevard itself is seeing continued development activity. At 9700 W. Pico Boulevard, Los Angeles City Planning is reviewing a proposed mixed-use project consisting of 242 residential units and approximately 4,150 SF of commercial space.Additional residential development is moving forward farther west along Pico Boulevard. At 11021 W. Pico Boulevard, an approved project calls for an 8-story, 207-unit mixed-use building with approximately 2,410 SF of retail, adding new housing and neighborhood-serving commercial space to the broader Pico corridor. A
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 4305014019
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Listed by Dana Brody • Dana Brody