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RYAN STEELE

ryan.steele@lptrealty.com +1(818) 900-1859

$ 1,620,000

Est. payment | -/mo

10 Beds

10 Baths

6,435 SqFt

Save

$ 1,620,000

Est. payment | -/mo

Save

10 Beds

10 Baths

6,435 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,435 sqft

Price per Sqft $251

MLS Listing ID 26860177

Bedrooms 10

Year Built 1959

Lot Size 6,002 Sqft

Acres 0.1378

Property Sub-Type Multi-Family

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 Beverlywood Vicinity

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s)

Equipment None

Laundry Community

Exterior

Parking Features Tandem, Driveway

Garage Spaces 7.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

Schools and Properties Nearby

6137 Alcott St Los Angeles, CA 90035