8323 Blackburn Avenue

Los Angeles , CA 90048

MLS#: 25571867

$2,895,000

Status: Active
Listing number: 25571867
Listing provided by: Lyon Stahl Investment Real Estate, Inc.
Listing agent phone: None
Last update: a day ago
New on site 4 days ago
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Property

Beds

16

Full Baths

None

1/2 Baths

None

Year Built

1929

Sq.Footage

9,576

8323 Blackburn Ave, a 8 unit apartment building located in West Hollywood, a highly desirable area in Los Angeles, California. Built in 1929, the property consists of (6) two-bedroom + one-bathroom units and (2) two-bedroom + one-and-a-half bathroom units. The building is 9,576 gross square feet and sits on a 7,139 square foot lot.8323 Blackburn Ave is located on a charming, tree-lined street, situated in the heart of West Hollywood.Residents will benefit from the close proximity to trendy coffee shops, cafes, restaurants and retail shops.Just a short walk away is the Beverly Center and The Grove, two of LA's premier shopping destinations.This convenient location provides tenants with immediate access to La Cienega Blvd and Santa MonicaBlvd further extending the area's connectivity.8323 Blackburn Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.68% with the ability to improve to a6.08% CAP rate once units turnover.

Features & Amenities

Interior

  • Total Bedrooms

    16

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    NO

  • Heating

    None

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.164

  • Property Type

    Residential Income

Price

  • Sales Price

    $2,895,000

  • Sq. Footage

    9, 576

  • Price/SqFt

    $302

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

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Listing Courtesy of Michael Kamara , Lyon Stahl Investment Real Estate, Inc.

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8323 Blackburn Ave, a 8 unit apartment building located in West Hollywood, a highly desirable area in Los Angeles, California. Built in 1929, the property consists of (6) two-bedroom + one-bathroom units and (2) two-bedroom + one-and-a-half bathroom units. The building is 9,576 gross square feet and sits on a 7,139 square foot lot.8323 Blackburn Ave is located on a charming, tree-lined street, situated in the heart of West Hollywood.Residents will benefit from the close proximity to trendy coffee shops, cafes, restaurants and retail shops.Just a short walk away is the Beverly Center and The Grove, two of LA's premier shopping destinations.This convenient location provides tenants with immediate access to La Cienega Blvd and Santa MonicaBlvd further extending the area's connectivity.8323 Blackburn Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.68% with the ability to improve to a6.08% CAP rate once units turnover.

8323 Blackburn Avenue

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