8436 Blackburn AVE, Los Angeles, CA 90048
8436 Blackburn AVE, Los Angeles, CA 90048
8436 Blackburn AVE, Los Angeles, CA 90048
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Chris & Michelle Mardelli

Chris & Michelle Mardelli

+1(626) 215-4105
$2,995,000
Est. payment /mo
12 Beds
10 Baths
7,008 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,008 sqft

Price per Sqft $427

MLS Listing ID 26995481

Bedrooms 12

HOA Y/N No

Year Built 1957

Lot Size 6,250 Sqft

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.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Garage, Tandem

Total Parking Spaces 8

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5511033027

Special Listing Condition Standard

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Listed by Saadia 'Sam' Liberow Marcus & Millichap #01933858
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Chris & Michelle Mardelli

Broker Associate License ID: 01834969

+1(626) 215-4105 | chris@therealupside.com

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8436 Blackburn AVE

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