8436 Blackburn Ave, Los Angeles, CA 90048
8436 Blackburn Ave, Los Angeles, CA 90048
8436 Blackburn Ave, Los Angeles, CA 90048
9
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$3,250,000
Est. payment /mo
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12 Beds
10 Baths
7,008 SqFt
Price Dropped by $100K

8436 Blackburn Ave Los Angeles, CA 90048

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,008 sqft

Price per Sqft $463

MLS Listing ID 26667481

Bedrooms 12

Year Built 1957

Lot Size 6,251 Sqft

Acres 0.1435

Property Sub-Type Multi-Family

Property Description

This prime Beverly Grove investment offers a rare opportunity to acquire a stabilized, fully modernized 8-unit multifamily asset (7,008 SF) on the prestigious Blackburn Avenue. Perfectly positioned steps from the Golden Triangle, The Grove, and West Hollywood, the property features a mix of four 1+1 and four 2+1.75 units, all boasting modern finishes and separately metered utilities. A unique value-add component includes six units currently curated as specialized furnished housing for Cedars-Sinai medical professionals; this successful mid-term rental model has been operated by the current owner since 2018 with minimal downtime and high tenant retention. Located adjacent to the Beverly Connection - recently acquired by Cedars-Sinai for a $270M expansion - the property is poised to benefit from massive institutional growth and a permanent influx of high-income healthcare staff. Meticulously maintained and turnkey, this asset provides an exceptional cap rate and significant long-term upside in one of Los Angeles' most supply-constrained employment hubs.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s)

Equipment None

Exterior

Parking Features Tandem

Garage Spaces 8.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Ben Collinsworth

Ben Collinsworth

Agent | RE.S.0180589

+1(702) 553-6827

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8436 Blackburn Ave

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