12-Bedroom Residential Income - 8436 Blackburn Avenue, Los Angeles, CA

$2,995,000

8436 Blackburn Avenue, Los Angeles, CA

8436 Blackburn Avenue, Los Angeles, CA 90048 - $2,995,000 · 12 bd 10 ba Multi-Family Home for Sale, photo 3

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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.

Property details

Bedrooms

Bathrooms

Square feet

7,008

Year built

1957

Property type

Residential Income

Lot size

6,251 sqft

Location

8436 Blackburn Avenue • Los Angeles, CA 90048

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Listed by

Saadia 'Sam' Liberow · Marcus & Millichap

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