8436 Blackburn Ave - Apartments FOR SALE


Los Angeles, CA 90048- Beverly Grove
$3,350,000 USD
718-406-3128
8436 Blackburn Ave, Los Angeles, CA for Sale
$3,350,000 USD
Apartments - FOR SALE
1/18
null | 5.26% Cap Rate

8436 Blackburn Ave
Los Angeles, CA 90048
Beverly Grove


HIGHLIGHTS

  • Prime Beverly Grove Investment
  • Turnkey & Stabilized Asset with Strong Cash Flow
  • Flexible Leasing & Vacant Unit Optionality
  • Proximity to Key Job Centers – Adjacent to Beverly Connection
  • Well-Maintained Building

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$478 USD /SF

# OF UNITS

8

PRICE/UNIT

$418,750

CAP RATE

5.26%

% LEASED

62%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,320 SF

ZONING

R4-1, Los Angeles

APN/PARCEL ID

5511-033-027

ASK ABOUT THIS PROPERTY

Sam LiberowMarcus & MillichapMore Info
718-406-3128

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Sam LiberowMarcus & MillichapMore Info
718-406-3128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.