8436 Blackburn Avenue, Los Angeles, CA 90048
List Price: $3.25M
Listing Status: Active
Original List Price: $3.35M
0Days on Market: 41
12 Bedrooms · 10 Bathrooms · 7,008 sq ft
Property Type: ResidentialIncome
Year Built: 1957
Lot Size: 6,251 sq ft
MLS Number: 26667481
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.
Listing provided by: Saadia 'Sam' Liberow DRE #01933858 818-212-2700 sam.liberow@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26667481
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