8436 Blackburn AVE, Los Angeles, CA 90048
8436 Blackburn AVE, Los Angeles, CA 90048
8436 Blackburn AVE, Los Angeles, CA 90048
8436 Blackburn AVE, Los Angeles, CA 90048
8436 Blackburn AVE, Los Angeles, CA 90048
8436 Blackburn AVE, Los Angeles, CA 90048
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Thomas Ryan

Thomas Ryan

+1(909) 334-2049
$ 3,250,000
Est. payment | /mo

12 Beds

10 Baths

7,008 SqFt

Save
$ 3,250,000
Est. payment | /mo
Save

12 Beds

10 Baths

7,008 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,008 sqft

Price per Sqft $463

MLS Listing ID 26667481

Bedrooms 12

HOA Y/N No

Year Built 1957

Lot Size 6,250 Sqft

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 C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Garage, Tandem

Total Parking Spaces 8

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5511033027

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Saadia 'Sam' Liberow Marcus & Millichap #01933858

Nearby Locations

Thomas Ryan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 334-2049

thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

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8436 Blackburn AVE

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