8436 Blackburn Avenue
Property Overview
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.
Home Details
- Property type
- Residential Income
- Year built
- 1957
- Living area
- 7,008 sq ft
- Lot size
- 6,251 sq ft
- Parking
- 8 spaces
- Days on market
- 8
- MLS status
- Active
- Zoning
- LAR3
Features & Amenities
Parking
- Garage
- Tandem
Location & Neighborhood
Frequently Asked Questions About 8436 Blackburn Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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