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8436 Blackburn Avenue

Los Angeles CA 90048

12
10
8
7008 sq. ft.
6251 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

12 bedrooms
10 bathrooms
8 carspaces
1 garage space
7008 sq. ft. floor area
6251 sq. ft. lot size
Other

Happy sellers in Los Angeles

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Local market activity for 12 bedroom other properties in Los Angeles

In the last 12 months, 1 numeral.12-bedroom other similar to 8436 Blackburn Avenue, have been sold.

This represents a 50% increase in numeral.12-bedroom other properties sales when compared to the previous 12 months.

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