A rare opportunity to acquire a highly sought-after 8-unit multifamily asset on Blackburn Avenue in the coveted Beverly Grove neighborhood, just steps from Beverly Hills' Golden Triangle, The Grove, and West Hollywood. This fully modernized 7,008 SF property consists of eight units (4 one-bedroom/one-bath and 4 two-bedroom/1.75-bath) and offers low… Read More vacancy, strong tenant demand, and a high in-place cap rate. The well-maintained building features modern finishes, separately metered utilities, and turnkey operations, providing ease of management for a new owner. Six of the eight units can be delivered vacant, offering immediate flexibility to continue the seller's proven furnished rental model (successfully operated remotely for five years with minimal downtime) or transition to long-term tenants. Located minutes from Cedars-Sinai Medical Center and adjacent to the Beverly Connection (which Cedars-Sinai just acquired for $270M), the property benefits from proximity to major employment hubs and ongoing institutional investment in the area, supporting strong rental demand and long-term upside. Read Less
Property listed by Marcus & Millichap, Saadia 'Sam' Liberow 310-259-7556
Listing Snapshot
Days Online
10
Last Updated
Beds
12
Square Ft.
7,008
Lot Size
0.14 Acres
Year Built
1957
MLS Number
26667481
Additional Details
Building
Built in 1957, Living area: 7008.0, 1 building, Levels: MultiSplit
Heating
WallFurnace
Income
Gross Income: $277,560, Net Operating Income: $176,321
Lot
0.1435 acres
Parking
8 total parking spaces, Garage, Tandem
Taxes
Parcel Number: 5511033027, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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