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31320165
31320166

8436 Blackburn Ave, Los Angeles, CA 90048 For Sale

SL
CA 01933858
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$3,250,000
114 days on market
Updated 87 days ago

8436 Blackburn Ave

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,008
Units 8
Cap Rate 5.46%
NOI $177,520
Price per SqFt $464
Year Built 1957
Buildings 1
Stories 2
Investment Type Stabilized

Multifamily | 8 Units | $406,250/unit

Marketing description

A rare opportunity to acquire a highly sought-after 8-unit multifamily asset on Blackburn Avenue in the coveted Beverly Grove neighborhood, just steps from Beverly Hills' Golden Triangle, The Grove, and West Hollywood. This fully modernized 7,008 SF property consists of eight units (4 one-bedroom/one-bath and 4 two-bedroom/1.75-bath) and offers low vacancy, strong tenant demand, and a high in-place cap rate. The well-maintained building features modern finishes, separately metered utilities, and turnkey operations, providing ease of management for a new owner. Six of the eight units can be delivered vacant, offering immediate flexibility to continue the seller's proven furnished rental model (successfully operated remotely for five years with minimal downtime) or transition to long-term tenants. Located minutes from Cedars-Sinai Medical Center and adjacent to the Beverly Connection (which Cedars-Sinai just acquired for $270M), the property benefits from proximity to major employment hubs and ongoing institutional investment in the area, supporting strong rental demand and long-term upside.

Listing Contacts

SL
CA 01933858
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$177,520.00
$14,793.33/mo

Valuation Metrics

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DSCR
5.46%
Cap Rate
5.46%
ROI

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