$2,995,000
 $16,078 est/mo Sourced by Back At You

8436 Blackburn Avenue,Los Angeles, CA 90048

Los Angeles, CA 90048

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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.

Details

MLS #26995481
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1957
Days On Site22
Listing Provided ByMarcus & Millichap | Saadia 'Sam' Liberow

Features

Bed(s)12
Bath(s)10
SQ Feet7,008
Units8
Building(s)1
ZoningLAR3
Acreage0.14

Interior

HeatingWall Furnace
Heating Yes / NoYes

Parking

Parking FeaturesGarage, Tandem
Garage Yes / NoYes

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90048
AreaC19 Beverly Center Miracle Mile
Listing VS Median (in 90048)
Price:
$2,995,000
low | high
Med:
$456,500
100% of Average
sqft:
7,008
low | high
Med:
600
100% of Average
$ / sqft:
$427
low | high
Med:
$762
28.210196898309% of Average
On site:
22
low | high
Med:
73
30.13698630137% of Average
Sourced by Back At You

Market Activity 90048

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Additional Information

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Contact

Learn More About This Property

Jean Iovino

Jean Iovino

Desert Lifestyle Properties

02007087 (630) 333-7878jeansellsdesertlifestyle@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90048
AreaC19 Beverly Center Miracle Mile
Listing VS Median (in 90048)
Price:
$2,995,000
low | high
Med:
$456,500
100% of Average
sqft:
7,008
low | high
Med:
600
100% of Average
$ / sqft:
$427
low | high
Med:
$762
28.210196898309% of Average
On site:
22
low | high
Med:
73
30.13698630137% of Average
Sourced by Back At You
Listing Updated: October 1, 2026 at 10:20:05 AM PDT