For Sale

Listed by Saadia 'Sam' Liberow from Marcus & Millichap

Source: Combined LA Westside Multiple Listing Service, Inc #26667481

8436 Blackburn Avenue, Los Angeles, CA, 90048

$3,250,000

12
10
8
7008 sq. ft.
6251 sq. ft.

Other

30+ days on the market

What's around 8436 Blackburn Avenue

About this property

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.

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