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$ 3,100,000
Est. payment /mo
Price Dropped by $200K
8843 Alcott ST Los Angeles, CA 90035
13 Beds
14 Baths
8,197 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,197 sqft
Price per Sqft $378
MLS Listing ID 26662027
Bedrooms 13
HOA Y/N No
Year Built 1962
Lot Size 8,119 Sqft
Property Description
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, Natalie's Trattoria, Jeff's Gourmet, La Gondola, and Pico Boulevard's vibrant collection of cafes, 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 location where demand remains strong, supply remains limited, and long-term appreciation potential continues to outperform.
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Zoning LAR3
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Attached Carport
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4305014019
Acceptable Financing Cash
Listing Terms Cash
Financing Assumed,Cash
Special Listing Condition Standard
Virtual Tour https://vimeo.com/1172500200/f35ae731e9
Listed by Dana Brody Dana Brody #01429001
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