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Multifamily

8443 Blackburn Ave

8443 Blackburn Ave, Los Angeles, CA 90048

Listing Price: $3,300,000

Cap Rate
4.03%
Number of Units
10
GRM
15.73
Occupancy
98.0%
Price/Unit
$330,000
Price/Gross SF
$383.90
Gross SF
8,596

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of 8443 Blackburn Avenue. The property built in 1957, consists of ten units, totaling 8,596 rentable square feet on a 6,996 square foot lot.

This 10-unit apartment building features a diverse unit mix, comprising four two-bedroom, one-and-a-half-bathroom units and six one-bedroom, one-bathroom units, catering to a variety of tenant needs and preferences.

This well-maintained building includes essential amenities such as six dedicated parking spaces, providing convenient access for residents. The units are equipped with a combination of window and wall AC units, ensuring tenant comfort throughout the year. Safety features include emergency shut-off valves, enhancing the property’s appeal to potential renters.

Significantly, the building underwent a soft story retrofit in 2018, ensuring compliance with modern safety standards and enhancing the structural integrity of the property. This upgrade adds value and peace of mind for both current and prospective investors.

8443 Blackburn Avenue is located in the vibrant and highly desirable neighborhood of West Hollywood, Los Angeles. This area is renowned for its eclectic blend of culture, entertainment, and urban living, making it an attractive destination for residents and visitors alike.

The property is conveniently situated near a variety of amenities, including trendy boutiques, popular restaurants, and lively nightlife options. West Hollywood is home to iconic attractions such as the Sunset Strip, where residents can enjoy world-class entertainment and dining experiences.

This location also offers easy access to major thoroughfares, providing seamless connectivity to other parts of Los Angeles, including Beverly Hills and Hollywood. Public transportation options are readily available, making commuting straightforward for those who prefer to travel without a vehicle.
Nearby parks and recreational areas, such as Plummer Park and the beautiful Melrose Avenue, provide outdoor spaces for residents to relax and enjoy the Southern California sunshine. The neighborhood is known for its artistic vibe, with a mix of historic and modern architecture, contributing to a unique and vibrant community atmosphere.

With its prime location and proximity to cultural hotspots, shopping, and dining, 8443 Blackburn Avenue is well-positioned to attract strong rental demand, making it a highly appealing investment opportunity in the competitive Los Angeles market.

Investment Highlights

  • Property Overview: Built in 1957, this well-maintained 10-unit apartment building totals 8,596 rentable square feet on a 6,996 square foot lot.
  • Diverse Unit Mix: The property features a combination of four two-bedroom, one-and-a-half-bathroom units and six one-bedroom, one-bathroom units, catering to various tenant needs and preferences.
  • Safety Enhancements: Emergency shut-off valves enhance the property's appeal to potential renters by providing added safety.
  • Structural Upgrades: The building underwent a soft story retrofit in 2018, ensuring compliance with modern safety standards and enhancing the property's structural integrity.
  • Prime Location: Situated in the vibrant West Hollywood neighborhood, known for its eclectic culture, entertainment, and urban living.
  • Transportation Access: Easy access to major thoroughfares provides seamless connectivity to Beverly Hills, Hollywood, and other parts of Los Angeles. Public transportation options are readily available for convenient commuting.
  • Investment Potential: With its desirable unit configuration, essential amenities, and recent upgrades, 8443 Blackburn Avenue is well-positioned for strong rental demand, making it a compelling investment opportunity in the competitive Los Angeles market.

Exclusively Listed By

Financing By

Multifamily

8443 Blackburn Ave

Listing Price: $3,300,000

Cap Rate
4.03%
Number of Units
10
GRM
15.73
Occupancy
98.0%
Price/Unit
$330,000
Price/Gross SF
$383.90
Gross SF
8,596

Investment Highlights

  • Property Overview: Built in 1957, this well-maintained 10-unit apartment building totals 8,596 rentable square feet on a 6,996 square foot lot.
  • Diverse Unit Mix: The property features a combination of four two-bedroom, one-and-a-half-bathroom units and six one-bedroom, one-bathroom units, catering to various tenant needs and preferences.
  • Safety Enhancements: Emergency shut-off valves enhance the property's appeal to potential renters by providing added safety.
  • Structural Upgrades: The building underwent a soft story retrofit in 2018, ensuring compliance with modern safety standards and enhancing the property's structural integrity.
  • Prime Location: Situated in the vibrant West Hollywood neighborhood, known for its eclectic culture, entertainment, and urban living.
  • Transportation Access: Easy access to major thoroughfares provides seamless connectivity to Beverly Hills, Hollywood, and other parts of Los Angeles. Public transportation options are readily available for convenient commuting.
  • Investment Potential: With its desirable unit configuration, essential amenities, and recent upgrades, 8443 Blackburn Avenue is well-positioned for strong rental demand, making it a compelling investment opportunity in the competitive Los Angeles market.

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of 8443 Blackburn Avenue. The property built in 1957, consists of ten units, totaling 8,596 rentable square feet on a 6,996 square foot lot. This 10-unit apartment building features a diverse unit mix, comprising four two-bedroom, one-and-a-half-bathroom units and six one-bedroom, one-bathroom units, catering to a variety of tenant needs and preferences. This well-maintained building includes essential amenities such as six dedicated parking spaces, providing convenient access for residents. The units are equipped with a combination of window and wall AC units, ensuring tenant comfort throughout the year. Safety features include emergency shut-off valves, enhancing the property’s appeal to potential renters. Significantly, the building underwent a soft story retrofit in 2018, ensuring compliance with modern safety standards and enhancing the structural integrity of the property. This upgrade adds value and peace of mind for both current and prospective investors. 8443 Blackburn Avenue is located in the vibrant and highly desirable neighborhood of West Hollywood, Los Angeles. This area is renowned for its eclectic blend of culture, entertainment, and urban living, making it an attractive destination for residents and visitors alike. The property is conveniently situated near a variety of amenities, including trendy boutiques, popular restaurants, and lively nightlife options. West Hollywood is home to iconic attractions such as the Sunset Strip, where residents can enjoy world-class entertainment and dining experiences. This location also offers easy access to major thoroughfares, providing seamless connectivity to other parts of Los Angeles, including Beverly Hills and Hollywood. Public transportation options are readily available, making commuting straightforward for those who prefer to travel without a vehicle. Nearby parks and recreational areas, such as Plummer Park and the beautiful Melrose Avenue, provide outdoor spaces for residents to relax and enjoy the Southern California sunshine. The neighborhood is known for its artistic vibe, with a mix of historic and modern architecture, contributing to a unique and vibrant community atmosphere. With its prime location and proximity to cultural hotspots, shopping, and dining, 8443 Blackburn Avenue is well-positioned to attract strong rental demand, making it a highly appealing investment opportunity in the competitive Los Angeles market.

Exclusively Listed By

Financing By

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