6137 Alcott St, Los Angeles, CA 90035

7 Units in Pico-Robertson | All Cash, Fully Non Contingent Offer with 15 Day Close

Sold: $1,475,000

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Deal Story

CLOSING #23 OF THE YEAR

Sale Price: $1,475,000

Units: 7

Property Type: Multifamily (built 1959)

Unit Mix: (4) 2BD/2BA, (2) 1BD/1BA, (1) studio

Buyer Type: Local investor (neighborhood resident)

Seller Situation: Inherited the asset and prioritized a quick, stress-free escrow

Result: 4 offers within 3 days; list to close in 18 days; Fully Non-contingent all-cash offer; Glaser Group represented both sides.

Special Features: Soft-story seismic retrofit and gas earthquake shutoff valves (2019, Certificate of Compliance); 6 of 7 units repiped with copper; new 30-year silicone roof coating (2023); passed SB-721 and SCEP inspections (Jan 2025); Pico-Robertson location near Beverly Hills

Case Study Summary
6137 Alcott St is a 7-unit multifamily property in Pico-Robertson, built in 1959, with one vacant unit and four below-market legacy tenants offering approximately 63% rental upside. The Glaser Group generated four competitive offers within 3 days and the seller chose an all-cash, fully non-contingent offer that closed just 18 days from listing. This aligned perfectly with the Seller's objective of a fast, certain close.

Recent capital improvements at the building include: seismic retrofit, copper repiping, new roof coating, and recently passed SCEP and SB-721 balcony inspections. The building also had an on-site laundry room and mineral rights contributing additional streams of income. The buyer was a local investor who recognized the asset's long-term value. The Glaser Group represented both sides and coordinated escrow through closing.

Property Highlights

7-unit apartment in Pico Robertson built in 1959
Mix consists of (4) 2BD/2BA, (2) 1BD/1BA, and (1) Studio
(4) legacy tenants leased 63% below mark, plus (1) 2BR/2BA unit will be delivered vacant (Unit #4)
Soft-story seismic retrofit completed in April 2019
Additional income includes coin operated laundry room
All upstairs units have balconies, passed SB-721
Silicon coating applied to roof in ‘23 (30 year warranty)
Parking can accommodate 7 vehicles with (5) single stalls in the rear and a tandem driveway in front
6/7 units have full copper plumbing, unit #7 is only missing vertical copper pipes
Well-located on a tree lined street minutes from Beverly Hills, Century City, and Culver City