8443 Blackburn Avenue

Los Angeles, CA 90048

$3,300,000
Price
14
Beds
12
Baths
8,596 Sq. Ft.
$384 / Sq. Ft.
8,596
Sq. Ft.
$384
per Sq. Ft.

Description

We are pleased to present the exclusive listing of 8443 Blackburn Avenue. The property built in 1957, consists of ten units, totaling 8,596 rentable square feet on a 6,996 square foot lot. This 10-unit apartment building features a diverse unit mix, comprising four two-bedroom, one-and-a-half-bathroom units and six one-bedroom, one-bathroom units, catering to a variety of tenant needs and preferences. This well-maintained building includes essential amenities such as six dedicated parking spaces,...We are pleased to present the exclusive listing of 8443 Blackburn Avenue. The property built in 1957, consists of ten units, totaling 8,596 rentable square feet on a 6,996 square foot lot. This 10-unit apartment building features a diverse unit mix, comprising four two-bedroom, one-and-a-half-bathroom units and six one-bedroom, one-bathroom units, catering to a variety of tenant needs and preferences. This well-maintained building includes essential amenities such as six dedicated parking spaces, providing convenient access for residents. The units are equipped with a combination of window and wall AC units, ensuring tenant comfort throughout the year. Safety features include emergency shut-off valves, enhancing the property's appeal to potential renters. Significantly, the building underwent a soft story retrofit in 2018, ensuring compliance with modern safety standards and enhancing the structural integrity of the property. This upgrade adds value and peace of mind for both current and prospective investors.8443 Blackburn Avenue is located in the vibrant and highly desirable neighborhood of West Hollywood, Los Angeles. This area is renowned for its eclectic blend of culture, entertainment, and urban living, making it an attractive destination for residents and visitors alike. The property is conveniently situated near a variety of amenities, including trendy boutiques, popular restaurants, and lively nightlife options. West Hollywood is home to iconic attractions such as the Sunset Strip, where residents can enjoy world-class entertainment and dining experiences. This location also offers easy access to major thoroughfares, providing seamless connectivity to other parts of Los Angeles, including Beverly Hills and Hollywood. Public transportation options are readily available, making commuting straightforward for those who prefer to travel without a vehicle. Nearby parks and recreational areas, such as Plummer Park and the beautiful Melrose Avenue, provide outdoor spaces for residents to relax and enjoy the Southern California sunshine. The neighborhood is known for its artistic vibe, with a mix of historic and modern architecture, contributing to a unique and vibrant community atmosphere. With its prime location and proximity to cultural hotspots, shopping, and dining, 8443 Blackburn Avenue is well-positioned to attract strong rental demand, making it a highly appealing investment opportunity in the competitive Los Angeles market.
  1. Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 8443 Blackburn Avenue

Zoning
LAR3
Parcel Number
5511032010
Total Units
10.0
Living Area
8596
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
4195
Lot Size Area
6998
LISTING UPDATED: 10/30/2024 10:22 AM

Property Details for 8443 Blackburn Avenue

StatusActive
MLS #24-450313
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.16 AC / 6,998 SF
CountyLos Angeles County

Building Information for 8443 Blackburn Avenue

Stories2Residences-Year Built1957Building Size-Lot Size0.16 AC / 6,998 SF

Property Information for 8443 Blackburn Avenue

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $206,765
  • Net Operating Income: $132,848.00
  • Gross Income: $206,765
  • Cap Rate: 4.03%
  • Gross Rent Multiplier: $15.73
  • Vacancy Allow Dollar: $4,195.00
  • Vacancy Allow Percent: 2.00%
  • Total Annual Expense: 73917
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1607
  • Lot Size Square Feet: 6998
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 6
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,647.00
  • Unit Actual Rent: $9,880.00
  • Unit Projected Rent: $13,170.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $7,600.00
  • Unit Projected Rent: $11,980.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $165,876.00
  • Assessed Improvement Percent: 66.42
  • Assessed Land Value: $83,864.00
  • Assessed Land Percent: 33.58
  • Assessed Total Value: $249,740.00

Property History for 8443 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 8443 Blackburn Avenue

Taxable ValueLand$85,541Additions$169,393Total$254,934
Tax Record2024$4,411 ($368 / month)
Home Facts
Total Finished SqFt8,596 SqFtAbove Grade Finished SqFt8,596 SqFtLot Size6,996 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR3CountyLOS ANGELESAPN5511-032-010

Schools near 8443 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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8443 Blackburn Avenue is a multi-family home for sale in Los Angeles, CA 90048. This property was listed for sale on October 11, 2024 by Marcus & Millichap, it's currently listed at $3,300,000. 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. 8443 Blackburn Avenue is a 14-bed, 12-bath, 8,596 sqft multi-family home built in 1957.

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 Marcus & Millichap, Eliyahu Appel, DRE #01918652

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.