1138 Cardiff Ave, Los Angeles, CA 90035

7-Unit Mid-Century in Pico Robertson, Adjacent to Beverly Hills

Sold: $2,100,000

Property Highlights

7 Unit Mid Century built in 1954 with many upgrades
Great unit mix with (5) 1+1 and (2) 2+2
6,338 SqFt of living space on a 0.14 Acre lot
$331.38 PSF | $300k PPU
4.49% Cap | 13.16 GRM
Under market rents with approximately 50% upside
Seismic earthquake retrofit and earthquake gas shutoff valves already completed
Prime Pico-Robertson location adjacent to Beverly Hills; walkable to Roxbury Park, Century City, downtown Beverly Hills and Pico Blvd

The Deal Story

The Glaser Group is pleased to announce the successful closing of 1138 Cardiff Ave, a 7-unit property located directly adjacent to Beverly Hills in the coveted Pico-Robertson neighborhood of Los Angeles. This fantastic building features 6,338 square feet of living area with (5) 1-bed / 1-bath units and (2) 2-bed / 2-bath units. The property also includes a community laundry area, parking for up to six vehicles, and essential upgrades such as a completed soft story retrofit and installed earthquake gas shut-off valves.

Nestled between the prestigious neighborhoods of Beverly Hills and the bustling business district of Century City, Pico-Robertson is a prime destination for multifamily living, with a vibrant community and strategic proximity to some of Los Angeles' most iconic districts.

We represented a private “mom & pop” seller on this exclusive listing who owned the property for several decades. Tired of the day-to-day management and ready for retirement, he chose our team due to our deep track record in the neighborhood. We generated 9 offers on the property, with several of them being all cash, and ultimately closed with a local buyer that owns a similar property just around the corner. The closing metrics with 4.49% Cap Rate and a 13.16 GRM.

If you're interested in exploring a similar sale or purchase, please send us an email or call us at 310-230-5157. We’d be delighted to assist you.