Skip To Content

8315 Blackburn Ave

Los Angeles, CA 90048
  • $4,299,000
  • STATUS: Active Under Contract
  • ON SITE: 74 Days
  • ID#: 22-201785
Under Contract
UPDATED: 60 min ago
$4,299,000
  • 12
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,720
    SQFT
  • $493
    $/SQFT
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

1st time on the market since construction in 1964! A rare investment opportunity, this very special mid-century, 10-unit building has been held by the same family for almost 60 years! Located in one of the most desirable areas of Los Angeles and a red hot rental location. Central to the best dining, shopping and entertainment. Just blocks to Beverly Hills, The Grove, The Beverly Center, LACMA, The Peterson or the hippest part of Fairfax. Just a quick zip over Crescent Heights/Laurel Canyon to the Valley, or down LaCienega to the 10 Freeway, or up to Sunset Strip. It's a straight shot east on 3rd St to get to Downtown and soon to be a short walk from the building to the new Metro Rail station under construction at Wilshire and LaCienega connecting you to all parts of the city, without the need for a car. Pride of ownership is evident throughout with numerous capital improvements made in the last 7 years. 8 - (large) 1 bed/1bath units, and 2 - 2 bed/2 bath units (each with their own balconies and gas fed fireplaces) Since 2015 more than half of the units (6) have been updated with improvements including new quartz counter tops, installation of dishwashers, new appliances, new plumbing fixtures, new LED lighting, new flooring and upgraded electrical. Heating is provided cleanly, and quietly, by radiant heating systems in each apartment. All units have air conditioning, as well. On site laundry and additional storage. New roof. Soft story retrofit completed in 2019. Secure parking, gated and remote controlled as well as controlled access to the complex itself. Enjoy excellent cash flow now, with a conservatively estimated opportunity for 25% (+) upside in income!

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-07T09:42:42.377. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.realestatetoolbox.com/homes/133370584
Print Image

8315 Blackburn Ave Los Angeles, CA 90048

  • Price: $4,299,000
  • Status: Active Under Contract
  • On Site: 74 Days
  • Updated: 60 min ago
  • ID#: 22-201785
12
Beds
0
Baths
0
½ Baths
0.16
Acres
8,720
SQFT
$493
$/SQFT
1964
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
1st time on the market since construction in 1964! A rare investment opportunity, this very special mid-century, 10-unit building has been held by the same family for almost 60 years! Located in one of the most desirable areas of Los Angeles and a red hot rental location. Central to the best dining, shopping and entertainment. Just blocks to Beverly Hills, The Grove, The Beverly Center, LACMA, The Peterson or the hippest part of Fairfax. Just a quick zip over Crescent Heights/Laurel Canyon to the Valley, or down LaCienega to the 10 Freeway, or up to Sunset Strip. It's a straight shot east on 3rd St to get to Downtown and soon to be a short walk from the building to the new Metro Rail station under construction at Wilshire and LaCienega connecting you to all parts of the city, without the need for a car. Pride of ownership is evident throughout with numerous capital improvements made in the last 7 years. 8 - (large) 1 bed/1bath units, and 2 - 2 bed/2 bath units (each with their own balconies and gas fed fireplaces) Since 2015 more than half of the units (6) have been updated with improvements including new quartz counter tops, installation of dishwashers, new appliances, new plumbing fixtures, new LED lighting, new flooring and upgraded electrical. Heating is provided cleanly, and quietly, by radiant heating systems in each apartment. All units have air conditioning, as well. On site laundry and additional storage. New roof. Soft story retrofit completed in 2019. Secure parking, gated and remote controlled as well as controlled access to the complex itself. Enjoy excellent cash flow now, with a conservatively estimated opportunity for 25% (+) upside in income!
Exterior Features

Carport Spaces Total 8 Covered Parking 8 Cross Streets Sweetzer & Third Direction Faces South Levels Two Lot Size Area 7151 Other Structures None Parking Garage Auto Driveway GateCarport AttachedCovered ParkingDoor OpenerControlled EntranceGated Style Mid-Century Total Parking 8

Interior Features

Baths Total 12.00 Cooking Appliances RangeElectricMicrowaveRange Hood Cooling Wall Unit(S) Equipment Ceiling FanGarbage DisposalMicrowaveHood FanRefrigeratorRange/OvenVented Exhaust FanDishwasherRecirculated Exhaust Fan Fireplace Rooms GasLiving Room Heating Forced Air Laundry Community Laundry Equipment Lease

Property Features

Assessed Total Value 813313 Gross Income 253092 Gross Operating Income 250092 Like Units1 8 Like Units2 2 Net Operating Income 151654.00 Number Of Buildings 1 Number Of Units 10 Owner Pays GardenerWaterGas Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityCable Tv Total Annual Expense 98438 Type Of Units Garden Water Heaters YN No Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Horace Davenport DRE#01083856 of Keller Williams Larchmont: 323-762-2600.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-07T09:42:42.377. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-201785-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-201785-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-201785-2.jpg
Logo
Real Estate Toolbox | EXP Realty
1720 E. Los Angeles Ave, Suite # F
Simi Valley CA, 93065