6137 Alcott St, Los Angeles, CA 90035

7 Units in Pico-Robertson | 70% Rental Upside, Soft-Story Retrofitted and Nearly 100% Copper Plumbing

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$1,620,000

Property Highlights

7-unit apartment building in Pico Robertson built in 1959
Mix consists of (4) 2BD/2BA, (2) 1BD/1BA, and (1) Studio
(4) legacy tenants leased 70% below market provide a significant value-add plan for investors
Soft-story seismic retrofit completed in April 2019
Additional income includes coin operated laundry room
All upstairs units have balconies, passed SB-721
Work done on roof years ago with a 20 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

The Opportunity

The Glaser Group is pleased to present 6137 Alcott St, 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 70% rental upside, supported by recent capital improvements and a mix of market-rate and below-market tenancies.

The property features a unit mix of (4) 2BD/2BA, (2) 1BD/1BA, and (1) studio unit. Three units have been turned and re-leased at or near market rents since 2021, while (4) legacy tenants remain in place below market, offering continued upside as those units eventually turn. Current gross scheduled income totals $11,661 per month, or $139,932 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 valve was 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).

The property is being delivered fully occupied, with (4) long-term legacy tenants in place below market. Additional income is generated through coin-operated laundry (WASH, $75 per month) and a mineral rights contributing approximately $100 per month, 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.