This 10-unit apartment building, located at 8443 Blackburn Ave, Los Angeles, CA 90048, presents a compelling investment opportunity. Built in 1957 and totaling 8,596 rentable square feet on a 6,996 square foot lot, the property boasts a diverse unit mix of four two-bedroom, one-and-a-half-bathroom units and six one-bedroom, one-bathroom units. Six dedicated parking spaces are available for residents. Each unit features either window or wall AC units. Safety features include emergency shut-off valves. A significant upgrade was completed in 2018: a soft story retrofit, ensuring compliance with current safety standards and enhancing structural integrity. The property's location in the desirable West Hollywood neighborhood offers easy access to major thoroughfares, public transportation, and numerous amenities, including restaurants, shops, and entertainment venues. The strong rental demand in this area, combined with the property's recent improvements and desirable unit mix, makes this a highly attractive investment. The asking price is $3,300,000, with a current NOI of $132,848 and a pro-forma NOI of $219,439. The price per unit is $330,000, and the building features two stories. The current cap rate is 4.03%, with a pro-forma cap rate of 6.65%.
Highlights
1957-built, 10-unit apartment building; 8,596 rentable sq ft on a 6,996 sq ft lot.
Four 2BD/1.5BA and six 1BD/1BA units.
Features emergency shut-off valves.
2018 soft-story retrofit.
West Hollywood location.
Excellent access to major thoroughfares and public transportation.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Eli Appel
Visit Broker Website
Learn more
Useful Information
Request information
8443 Blackburn Ave, Los Angeles, California, 90048
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
8443 Blackburn Ave
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.