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8433 Blackburn Ave

Los Angeles, CA 90048
  • $2,695,000
  • STATUS: Active
  • ON SITE: 48 Days
  • ID#: 21-109965
UPDATED: 46 min ago
$2,695,000
  • 8
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,211
    SQFT
  • $517
    $/SQFT
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

A great opportunity to acquire an 8 Unit building in a prime location . . . in close proximity Cedars Sinai and the Beverly Center. The 5,211 square foot building, built in 1930, consists of 8 Units...each with 1 bedroom and 1 bathroom. Some of the Units have been updated/remodeled. The current rents are below market value and offer huge upside in an area of high appreciation. The building is situated on a 7,009 square foot lot (50 X 141) with alley access, creating an ideal situation for developers. The usable number of garages is not known. Viewings only with accepted offer. Buyer to verify all information.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-21T23:42:53.51. 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.brandiprattrealestate.com/homes/123751483
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8433 Blackburn Ave Los Angeles, CA 90048

  • Price: $2,695,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 46 min ago
  • ID#: 21-109965
8
Beds
0
Baths
0
½ Baths
0.16
Acres
5,211
SQFT
$517
$/SQFT
1930
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
A great opportunity to acquire an 8 Unit building in a prime location . . . in close proximity Cedars Sinai and the Beverly Center. The 5,211 square foot building, built in 1930, consists of 8 Units...each with 1 bedroom and 1 bathroom. Some of the Units have been updated/remodeled. The current rents are below market value and offer huge upside in an area of high appreciation. The building is situated on a 7,009 square foot lot (50 X 141) with alley access, creating an ideal situation for developers. The usable number of garages is not known. Viewings only with accepted offer. Buyer to verify all information.
Exterior Features

Lot Size Area 7009 Other Structures None Parking Garage Other Total Parking 0

Interior Features

Baths Total 8.00 Cooling Air Conditioning Equipment WasherDryerRefrigerator Heating Wall Gas

Property Features

Assessed Total Value 374932 Gross Income 155000 Gross Operating Income 155000 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 94000.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 61000 Type Of Units 8-Plex Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Steven Geller DRE#01153015 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-21T23:42:53.51. 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.
 
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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583