8020 Blackburn Avenue

Los Angeles, CA 90048

$3,250,000
Price
12
Beds
10
Baths
5,535 Sq. Ft.
$587 / Sq. Ft.
5,535
Sq. Ft.
$587
per Sq. Ft.

Description

8020 Blackburn Ave. is one-of-a-kind property that boasts an excellent mix of 6 units in this very coveted area of Beverly Grove. This property is located just a few steps away from the 3rd Street Restaurant Row and a short walk to the famous Grove Shopping Center. The property features bright and spacious 1, 2 and 3 bedrooms with 2 automatic gates for added security. One of 2-bedroom units has recently been vacated by a long-term tenant and is awaiting for your imagination and personal touch that...8020 Blackburn Ave. is one-of-a-kind property that boasts an excellent mix of 6 units in this very coveted area of Beverly Grove. This property is located just a few steps away from the 3rd Street Restaurant Row and a short walk to the famous Grove Shopping Center. The property features bright and spacious 1, 2 and 3 bedrooms with 2 automatic gates for added security. One of 2-bedroom units has recently been vacated by a long-term tenant and is awaiting for your imagination and personal touch that will turn into more profit for you. This is an investor's dream and don't miss this great opportunity as it may not last long!
  1. Listed by Kenneth Lee • DRE #01879990 • Brokerage DRE #01879990 • GMR Property Investment & Management Inc

Property Details for 8020 Blackburn Avenue

Water Front
None
Zoning
LAR3
Cross Streets
Crescent Heights and 3rd Street
Parcel Number
5511037011
Total Units
6.0
Living Area
5535
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
LISTING UPDATED: 09/27/2024 03:58 PM

Property Details for 8020 Blackburn Avenue

StatusActive
MLS #24-401545
Days on Market119
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.14 AC / 6,252 SF
CountyLos Angeles County

Building Information for 8020 Blackburn Avenue

Stories2Residences-Year Built1960Building Size-Lot Size0.14 AC / 6,252 SF

Property Information for 8020 Blackburn Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 6
  • Senior Community: No
  • Management Company Name: Propertylink
  • Management Company Phone: 2135310123|
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Automatic Gate
  • Direction Faces: North
  • Property Condition: Updated/Remodeled
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $197,496
  • Net Operating Income: $140,546.00
  • Gross Income: $197,496
  • Gross Rent Multiplier: $16.46
  • Financial Info as Of: 06/07/2024
  • Owner Pays: Water, Gas
  • Total Annual Expense: 59925
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1435
  • Lot Size Square Feet: 6252
  • Lot Size Dimensions: 50x125
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 6
  • Covered Parking: 7
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
  • Cooking Appliances: Gas
  • Laundry: Community
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-07-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Seismic Retrofit
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,750.00
  • Unit Actual Rent: $6,708.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $5,950.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $4,150.00
  • Unit Projected Rent: $4,350.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $555,900.00
  • Assessed Improvement Percent: 18.63
  • Assessed Land Value: $2,427,600.00
  • Assessed Land Percent: 81.37
  • Assessed Total Value: $2,983,500.00

Property History for 8020 Blackburn Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8020 Blackburn Avenue

Taxable ValueLand$2,476,152Additions$567,018Total$3,043,170
Tax Record2024$37,613 ($3,134 / month)
Home Facts
Total Finished SqFt5,535 SqFtAbove Grade Finished SqFt5,535 SqFtLot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLAR3CountyLOS ANGELESAPN5511-037-011

Schools near 8020 Blackburn Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hancock Park Elementary School
PublicK to 5

West Hollywood Opportunity School
Public7 to 12

Fairfax Senior High School
Public9 to 12

Whitman Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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8020 Blackburn Avenue is a multi-family home for sale in Los Angeles, CA 90048. This property was listed for sale on June 7, 2024 by GMR Property Investment & Management Inc, it's currently listed at $3,250,000. It has been on the market for a total of 119 days and was last sold on May 28, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Hancock Park Elementary School, West Hollywood Opportunity School and Fairfax Senior High School. 8020 Blackburn Avenue is a 12-bed, 10-bath, 5,535 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GMR Property Investment & Management Inc, Kenneth Lee, DRE #01879990

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.