8443 Blackburn Ave Los Angeles, CA 90048

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%.