8436 Blackburn Ave
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8436 Blackburn Ave
8 Unit Apartment Building $3,650,000 ($456,250/Unit) 6.03% Cap Rate Los Angeles, CA 90048
Executive Summary
Prime 8-unit investment opportunity on the market for the first time since 1996! With five units delivered vacant, this property offers immediate rental upside and flexibility. Featuring an assumable ~$1.7M loan at a competitive 3.94% interest rate, it's a rare find in a high-demand location near the Beverly Center. Don't miss this chance to own in one of Los Angeles' most coveted neighborhoods! Buyer must accommodate for the seller's 1031 exchange.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$295,277
|
$42.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,858
|
$1.26
|
| Effective Gross Income |
$286,419
|
$40.87
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$66,357
|
$9.47
|
| Net Operating Income |
$220,062
|
$31.40
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $295,277 |
| Annual Per SF | $42.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $8,858 |
| Annual Per SF | $1.26 |
| Effective Gross Income | |
|---|---|
| Annual | $286,419 |
| Annual Per SF | $40.87 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $66,357 |
| Annual Per SF | $9.47 |
| Net Operating Income | |
|---|---|
| Annual | $220,062 |
| Annual Per SF | $31.40 |
Property Facts
| Price | $3,650,000 | Apartment Style | Low Rise |
| Price Per Unit | $456,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.03% | Building Size | 7,008 SF |
| Gross Rent Multiplier | 12.36 | Average Occupancy | 62% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Price | $3,650,000 |
| Price Per Unit | $456,250 |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| Gross Rent Multiplier | 12.36 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,008 SF |
| Average Occupancy | 62% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.43/1,000 SF |
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,495 | 700 |
| 2+2 | 4 | $3,607 | 1,000 |
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Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 5511-033-027 | Improvements Assessment | $452,041 |
| Land Assessment | $512,317 | Total Assessment | $964,358 |
PROPERTY TAXES
Parcel Number
5511-033-027
Land Assessment
$512,317
Improvements Assessment
$452,041
Total Assessment
$964,358
zoning
| Zoning Code | R4-1, Los Angeles |
| R4-1, Los Angeles |
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8436 Blackburn Ave
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