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8436 Blackburn Ave, Los Angeles, CA 90048

$2,995,000
12
BD
10
BA
7,008
SqFt
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List Price
$2,995,000
MLS#
26995481
Year Built
1957
Bedrooms
12
Bathrooms
10
Living Sq. Ft
7,008
Lot Size
6,251
Days on Market
0
Property Type
Multifamily
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949-202-9359

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.

949-202-9359
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Additional Information

Other Buildings
None
Heat
Wall
Cooling
Window Unit(s)
Number of Cars in Garage
Tandem
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Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow - CA DRE#01933858

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