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8006 Blackburn Ave

Los Angeles, CA 90048
  • $2,950,000
  • STATUS: Active
  • ON SITE: 176 Days
  • MLS #: 21-109757
UPDATED: 70 min ago
$2,950,000
  • 8
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,016
    SQFT
  • $490
    $/SQFT
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

Just reduced by $500K, 8006 Blackburn features nine well-maintained units (plus one non-conforming unit) located in a top LA rental neighborhood that attracts high-income young professionals. Residing one block south of W. Third Street (between The Grove & Beverly Center), these units are walking distance to a wide array of top-tier restaurants, luxury retailers and lively nightlife options. The property is comprised of (8) 1-Bdrm units and (2) studio units and has been upgraded with soft-story retrofit completion, copper plumbing and new windows. Please note, there is a VACANT 1-Bdrm. unit and a non-conforming studio unit. 8006 Blackburn presents a significant value-add opportunity, as current rents are way below market rates compared to renovated units in the area. Property amenities include a laundry room, five tandem parking spaces and a communal outdoor area.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T06:43:13.563. 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.searchdesertrealestate.com/homes/123734487
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8006 Blackburn Ave Los Angeles, CA 90048

  • Price: $2,950,000
  • Status: Active
  • On Site: 176 Days
  • Updated: 70 min ago
  • MLS #: 21-109757
8
Beds
0
Baths
0
½ Baths
N/A
Acres
6,016
SQFT
$490
$/SQFT
1956
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
Just reduced by $500K, 8006 Blackburn features nine well-maintained units (plus one non-conforming unit) located in a top LA rental neighborhood that attracts high-income young professionals. Residing one block south of W. Third Street (between The Grove & Beverly Center), these units are walking distance to a wide array of top-tier restaurants, luxury retailers and lively nightlife options. The property is comprised of (8) 1-Bdrm units and (2) studio units and has been upgraded with soft-story retrofit completion, copper plumbing and new windows. Please note, there is a VACANT 1-Bdrm. unit and a non-conforming studio unit. 8006 Blackburn presents a significant value-add opportunity, as current rents are way below market rates compared to renovated units in the area. Property amenities include a laundry room, five tandem parking spaces and a communal outdoor area.
Exterior Features

Covered Parking 5 Cross Streets Blackburn Avenue & S. Edinburgh Avenue Entry Location Ground Level W/Steps Lot Size Area 6250 Other Structures None Parking Garage TandemSide By Side Pool Description None Pool YN No Spa None Spa YN No Total Parking 10 View Description None View YN No

Interior Features

Baths Total 10.00 Common Walls Attached Cooling Window Unit(S) Equipment Built-InsFreezerRange/OvenRefrigerator Fireplace Rooms None Flooring CarpetHardwood Heating Wall Laundry CommunityRoom

Property Features

Gross Income 178620 Gross Operating Income 173261 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 110045.00 Number Of Buildings 1 Number Of Units 10 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 63216 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Max Berger DRE# of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T06:43:13.563. 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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